FOR IMMEDIATE RELEASE
Marketing Manager, Matan Companies
FREDERICKSBURG, VA — (October 5, 2023) — Construction is underway on Matan’s new development venture in Stafford County, Virginia called Crossroads Industrial. Slated to deliver in July 2024, this 220,000-square-foot, Class A project offers ideally located industrial space with unmatched access to Interstate 95 and Route 1/Jefferson Davis Highway.
Tenants can expect 32-foot clear ceiling height, 52 by 50-foot column spacing, 64 dock doors, LED lighting, ESFR sprinklers, and a 480/277V 3-Phase power supply. Situated on 27.63 acres, Crossroads Industrial has ample parking with over 320 car and 20 trailer parking spaces, in addition to six electric vehicle charging stations.
“Building speculative in the current environment is a challenge, and doing so is a real testament to our team and our relationship with M&T Bank,” said JP Matan, Director of Leasing for Matan Companies. “The fundamentals in the I-95 South Corridor remain strong and we are very encouraged by the early interest in the project.”
“We are pleased to grow our lending relationship with Matan on this dynamic industrial development, situated between Washington, DC and Richmond, VA,” said Beth Halling, Senior Vice President for M&T Bank. “We look forward to another successful Matan project as we continue to expand our lending footprint regionally.”
About Matan Companies
Matan Companies, headquartered in the Washington, D.C. suburbs, is one of the region’s premier commercial real estate services and development firms. Founded over 45 years ago on the principle of providing a comprehensive, full-service approach, the firm’s current portfolio consists of over 6 million square feet of industrial/bio-life science/office assets, 16 million square feet in the development pipeline, several active residential developments, and a separate portfolio of multifamily and manufactured housing units. The company delivers a full range of services to their real estate investors and tenants including asset and property management, leasing, and tenant services. For additional information about the Matan Companies, please visit http://www.mataninc.com.