JLL arranges $172.1M sale of Capitol 95 logistics facility in Fredericksburg, Virginia

• JLL arranged the $172.1 million sale of Capitol 95, a just-delivered 934,523-square-foot state-of-the-art logistics facility in Fredericksburg, Virginia.

• JLL represented Flint Development in the transaction, and Morgan Stanley Real Estate Investing acquired the asset.

• Just minutes from I-95, this fully-leased asset sits in the heart of one of the fastest-growing technology nodes in Northern Virginia and serves as a distribution center for a data center-adjacent critical power systems contractor with more than 10 years remaining on its lease.

WASHINGTON, D.C., Oct. 27, 2026 – JLL Capital Markets announced today that it arranged the $172.1 million sale of Capitol 95, a newly delivered 934,523-square-foot Class A logistics facility located at 211 Centreport Parkway in Fredericksburg, Virginia.

JLL represented the seller, Flint Development, in the transaction. An investment fund managed by Morgan Stanley Real Estate Investing acquired the asset.

Developed by Flint Development and completed in 2026, Capitol 95 is a newly constructed cross-dock warehouse and distribution facility that is 100% leased to J.E. Richards, a critical power systems contractor serving the data center industry. The property features a 40-foot clear height, 158 dock doors, four drive-in doors, extensive trailer storage capacity, ESFR fire protection, high-quality office space and a trailer and vehicle parking configuration designed to accommodate modern large-scale logistics operations.

Situated on approximately 120 acres within the Fredericksburg industrial corridor, Capitol 95 offers immediate access to Interstate 95 and is equidistant from data center operators in both the Dulles and Richmond markets and just minutes to those operating along the I-95 South submarket and specifically Stafford County.  From a supply chain perspective, this location provides access to major population and labor centers throughout the Mid-Atlantic and Northeast as well as key transportation infrastructure, including the Port of Virginia, the Virginia Inland Port, the Port of Baltimore, Dulles and Richmond International Airports.

Capitol 95 is strategically positioned within a supply-constrained logistics and industrial market that benefits from proximity to government operations, technology employers, advanced manufacturing users and regional distribution networks throughout Northern Virginia and Central Virginia. The property's modern specifications, scale, long-term tenancy and access to critical transportation routes generated significant investor interest, including multiple off-market offers prior to lease commencement.

“The sale of Capitol 95 Logistics, fully leased to J.E. Richards, demonstrates the strength of Virginia’s I-95 industrial market,” said Devin Schuster, Founder and Managing Partner Flint Development. “With more than 500 jobs expected at the facility, we’re proud to have delivered a project that supports skilled employment and long-term economic growth in Stafford County.”

The JLL Capital Markets team was led by Senior Managing Director Bill Prutting, Senior Director Craig Childs and Director Ginna Wallace in partnership with our Mid-Atlantic Industrial leasing partners Executive Managing Director John Dettleff and Senior Managing Director Dan Coats.

“The explosive growth in data center infrastructure across Northern Virginia is creating tremendous demand for the scarce supply of adjacent industrial space to support critical power systems and equipment distribution,” Prutting added. “This transaction reflects the continued investment thesis the hallmark of which is the symbiotic relationship between data center expansion and the specialized industrial facilities that keep them operational.”

JLL’s Capital Markets group is a full-service global provider of capital solutions for real estate investors and occupiers. The group’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients, including investment sales and advisory, debt advisory, M&A and corporate finance, loan sales, equity & fund placement, net lease, derivative advisory and energy & infrastructure advisory. The group has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

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JLL (NYSE:JLL) is a leading global commercial real estate services and investment management company with annual revenue of $26.1 billion, operations in over 80 countries and a global workforce of more than 112,000 as of June 30, 2026. For over 200 years, clients have trusted JLL, a Fortune 500^® company, to help them confidently buy, build, occupy, manage and invest across a variety of industries and property types, including office, industrial, hotel, multi-family, retail and data center properties. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAY. Powered by rich global datasets and leading technology capabilities, we provide coordinated, end-to-end delivery of real estate services for a broad range of global clients who represent a wide variety of industries. Through LaSalle Investment Management, we invest for clients on a global basis in both private assets and publicly traded real estate securities. For further information, visit jll.com.

Morgan Stanley Real Estate Investing is the global private real estate investment management business of Morgan Stanley. One of the most active property investors in the world for over three decades, MSREI employs a patient, disciplined approach through global value-add / opportunistic and regional core / core-plus real estate investment strategies. With 17 offices throughout the U.S., Europe and Asia, regional teams of dedicated real estate professionals combine a unique global perspective with local presence and significant transaction execution expertise. MSREI currently manages $58 billion of gross real estate assets worldwide on behalf of its clients.

Flint Development is a leading national real estate firm specializing in the development of speculative industrial and multifamily projects. Founded in 2020, the firm is active in 25 markets across the U.S. and has a portfolio of over 23 million square feet of developed industrial space. For more information, visit www.flintdevelopment.com.