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Washington DC  + DC Metro  + Industrial  | 

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.


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About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.