Newmark has arranged the $132 million sale of the Featherstone Industrial Portfolio, a multi-building industrial aggregation in Woodbridge, Virginia. The portfolio comprises 13 buildings totaling 734,606 square feet and is located approximately 23 miles south of Washington, D.C., placing it within Northern Virginia’s established industrial corridor.
The portfolio spans multiple business parks across Northern Virginia, providing the buyer with an immediate, large-scale footprint in a supply-constrained market. At the time of sale, the assets were reported to be 100% occupied, with leases in place to 45 different tenants representing a range of industries. The combination of full occupancy and a broad tenant mix underscores the portfolio’s in-place income profile and diversified cash flow.
Newmark’s Senior Managing Director Ben McCarty and Executive Managing Director Will Bradley represented the seller in the transaction. Acting on behalf of the seller, the team structured and executed the sale process, which drew interest from investors seeking to expand or establish positions in the Northern Virginia industrial sector.
According to commentary from the Newmark team, the Featherstone Industrial Portfolio offered a rare opportunity for an investor to acquire meaningful scale in what is characterized as one of the country’s most sought-after industrial markets. They noted that the tenant roster is highly diversified and that the portfolio features significant mark-to-market rent upside, contributing to heightened investor attention for the offering.
The portfolio’s location less than three miles from Interstate 95 provides direct highway connectivity for regional and last-mile logistics operations. It also sits approximately 25 miles from the Pentagon and Ronald Reagan Washington National Airport, positioning the properties within reach of key federal, commercial, and transportation nodes across the Washington metropolitan area.
The assets benefit from access to the broader Washington area’s population base, transportation infrastructure, and labor force, which supports both distribution-focused and service-oriented industrial users. This combination of logistical access and workforce availability reinforces the strategic positioning of the portfolio within the Northern Virginia industrial landscape.
The sale underscores ongoing investor interest in fully leased, scale industrial portfolios in mature, supply-constrained locations. While specific buyer and seller identities were not disclosed, the transaction highlights continued capital focus on Northern Virginia industrial assets offering stable occupancy, diversified tenancy, and potential for rent growth over time.
