Morgan Stanley Investment Management, through funds managed by Morgan Stanley Real Estate Investing, has acquired a newly developed class A industrial facility in Stafford, Va., for $172.1 million. The facility is subject to a long-term net lease with J.E. Richards, guaranteed by its investment-grade parent company, Quanta Services.
Completed in 2026, the 935,000-square-foot facility features 40-foot clear heights, a cross-dock configuration, extensive loading capacity and access to Interstate 95. The property is approximately one hour from both Washington, D.C., and Richmond, Va.
“This acquisition represents an opportunity to invest in a newly developed, high-quality industrial asset supported by strong tenant credit and compelling long-term demand drivers,” said David Gross, managing director at Morgan Stanley Real Estate Investing. “The Northern Virginia region continues to benefit from significant investment in digital infrastructure, which is creating opport
