Finmarc Management Divests from 14-Property Virginia Industrial Portfolio for $104M
Bethesda-based commercial real estate management and investment firm Finmarc Management has sold a 14-building portfolio containing nearly 740,000 square feet of warehouse and industrial space in Woodbridge, VA. The sales price was $104.2 million.
The buildings are located on Farm Creek Drive and Persistence Drive. The portfolio was cumulatively 93% leased at the time of the transaction, with tenants such as Coleman Worldwide Moving, Foundation Building Materials, General Services Administration and Joe Moholland Moving.
The buyer is a joint venture between Stockbridge Capital Group and Rosenthal Properties. Gerry Trainor, Caulley Derringer and Jim Cardellichio of Transwestern represented Finmarc Management in the transaction.