Newmark arranges $132 Million sale of Featherstone industrial portfolio in Northern VA

Ben McCarty

Woodbridge, Virginia - Newmark announces the company has arranged the $132 million sale of the Featherstone Industrial Portfolio, a 13-building, 734,606-square-foot industrial portfolio in Woodbridge, Virginia, approximately 23 miles south of Washington, D.C. Senior Managing Director Ben McCarty, Executive Managing Directors Cris Abramson and Will Bradley, Vice Chairman Dustin Volz and Managing Director Nick Signor represented the seller in the transaction.

The Featherstone Industrial Portfolio comprises 13 industrial buildings located in the I-95 Corridor of Northern Virginia. The portfolio was 100% occupied at the time of sale and leased to 45 tenants spanning a diverse range of industries, providing stable in-place cash flow and long-term value creation opportunities.

"The Featherstone Industrial Portfolio presented a rare opportunity to acquire meaningful scale in one of the most sought-after industrial markets in the country," said McCarty. "With over 734,000 square feet across 13 buildings, a highly diversified tenant roster and significant mark-to-market potential, the portfolio attracted strong institutional interest from groups seeking exposure to Northern Virginia's diminishing supply industrial sector."

Located less than three miles from Interstate 95 and approximately 25 miles from the Pentagon and Reagan National Airport, the portfolio benefits from direct access to the Washington metropolitan area's population base, transportation infrastructure and labor force. More than 8 million people reside within a 90-minute drive of the properties.

The portfolio's average in-place rent created an opportunity for future income growth through lease rollovers and mark-to-market adjustments. The assets also offer potential industrial outdoor storage (IOS) and redevelopment opportunities, supported by favorable zoning and limited availability of comparable sites throughout the region.

According to Newmark Research, Washington-area industrial asking rents have increased more than 50% since 2020 and reached a record $16.11 per square foot in the first quarter of 2026. At the same time, development activity has become increasingly selective due to data center development competing for and controlling the majority of industrially zoned land. These dynamics continue to support demand for well-located, income-producing industrial portfolios that offer both stable cash flow and future mark-to-market upside.