Matan Companies announced today that they are moving forward with a new development venture, this time in the heart of Prince William County’s I-66 corridor. The project, which will be known as Parkway 66, offers a 12.47-acre site with unparalleled proximity to I-66 and over 1,000 feet of frontage along Prince William Parkway. Additionally, the project is next door neighbor to FedEx Ground’s 175,000 square foot distribution hub.
Matan will move forward with the project on a speculative basis and pursue light industrial and data center users as tenants for the project. The building itself will be state-of-the-art 30’ clear ceiling height, tilt-up construction with ESFR sprinklers and ample truck court and loading. The light industrial plan will consist of a total density of approximately 170,000 square feet divisible into 10,000-12,000 square foot bays. Alternatively, the site sits within Prince William County’s Data Center Overlay with fiber and power available to accommodate up to 250,000 SF of data center space.
The Frederick based developer plans to commence construction on the project in the latter half of 2019, planning an early 2020 delivery.
“Our unplanned sale of assets in Sterling prompted a search to the south and west, and we view the opportunity in Prince William County with great promise,” said Brad Benna of the Matan Companies. “The dynamics in Loudoun, and the Metro area as a whole, make Prince William County not the next frontier, but the place right now.”
About Matan Companies
Matan Companies, headquartered in the Washington, D.C. suburbs, is one of the region’s premier commercial real estate services and development firms. Founded over 40 years ago on the principle of providing a comprehensive, full service approach, the firm’s current portfolio consists of over 6.5 million square feet of office/industrial assets, 4 million square feet in the development pipeline, several active residential developments, and a separate portfolio of multifamily units. The company delivers a full range of services to their real estate investors and tenants including asset and property management, leasing, and tenant services.
For additional information about the Matan Companies, please visit www.mataninc.com
