A global logistics firm has signed a full-building lease in Northern Virginia, fueling the DMV-based landlord\u2019s plans to double down on its industrial portfolio in the region.\u00a0<\/p>\n
Denmark-based transport and logistics company DSV<\/a> inked the lease with Matan Companies<\/a> for a 219,456-square-foot property in Stafford named Crossroads Industrial. DSV plans to use the facility to boost its supply chain capacity throughout the Mid-Atlantic, according to the landlord.\u00a0<\/p>\n SEE ALSO: Italian Fashion Brand Falconeri to Open UES Store at 764 Madison Avenue<\/a><\/p>\n The property at 1045 Richmond Highway is adjacent to Interstate 95, about 48 miles southwest of Washington, D.C.<\/p>\n \u201c[DSV\u2019s] decision to lease at Crossroads Industrial validates both the strength of the Stafford market and our continued investment in developing state-of-the-art industrial space across the region,\u201d JP Matan, a principal at Matan Companies, said in a statement.\u00a0<\/p>\n Matan Companies isn\u2019t content to rest on its industrial laurels. The Frederick, Md.-based developer \u2014 which has a development pipeline that\u2019s more than twice the size of its 7 million-square-foot portfolio \u2014 is already shifting its attention to its next project in Stafford, dubbed Venture Industrial. That project will feature 250,000 square feet of warehouse and logistics space near Crossroads Industrial. A development time frame was not immediately available.\u00a0<\/p>\n \u201cOur expansion into Stafford County is a natural extension of our regional development strategy,\u201d Zach Jung, Matan\u2019s managing director, added in a statement.<\/p>\n DSV, meanwhile, is active in major port markets around the country. The firm early last year paid about $107 million for a fully entitled<\/a>, 66-acre property in Southern California\u2019s Inland Empire region, where it plans to build a 1.4 million-square-foot distribution center.\u00a0<\/p>\n