Morgan Stanley Investment Management Acquires Virginia Industrial Facility for $172 Million
Morgan Stanley's investment management division has completed the acquisition of a newly developed Class A industrial facility in Stafford, Virginia. The transaction is valued at approximately $172.1 million. The 935,000-square-foot property is secured by a long-term net lease agreement with J.E. Richards. This acquisition highlights continued institutional interest in high-quality industrial real estate assets within the Mid-Atlantic region.
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Topics: asset acquisition industrial real estate investment management