JLL arranges the sale of trophy logistics facility in Fredericksburg

WASHINGTON, D.C., Apr. 6, 2026 – JLL Capital Markets announced today the sale of Northern Virginia Gateway Phase II, a newly constructed, fully leased industrial facility totaling 559,480 square feet in Fredericksburg, Virginia.

JLL represented the seller, NOVA Gateway LLC, a partnership between Peterson Companies and Iron Point Partners, in the transaction with TPG’s industrial platform, Dogwood Industrial Properties as the purchaser.

Located at 210 Centreport Parkway, this trophy-quality asset features 40-foot clear heights, Early Suppression Fast Response (ESFR) sprinkler systems, a cross-docked loading configuration with 100 exterior dock and four drive-in doors creating strategic loading efficiency. The property sits on 36.17 acres and was delivered in December 2023.

Northern Virginia Gateway Phase II is positioned less than five minutes from Interstate 95, providing access to both the Washington, D.C. metropolitan area and Richmond within one-hour truck trips. The facility is located 47 miles from Washington, D.C., 67 miles from Richmond and 155 miles from the Port of Virginia.

The property is fully leased to two data center servicing and logistics companies. The tenant roster reflects the surging demand from data center support operations in the immediate area, where service providers and suppliers are establishing distribution hubs to support the rapidly expanding digital infrastructure market. Within a 2.5-mile radius of the property, more than 2,000 acres representing over 19.3 million square feet of data center development is approved or proposed.

The JLL Capital Markets team representing the seller was led by Senior Managing Director Bill Prutting, Managing Director Chris Dale, Senior Director Craig Childs and Director Ginna Wallace. The team was supported by JLL’s Metro D.C. Industrial Leasing team of Executive Managing Director John Dettleff and Senior Managing Director Dan Coats, and its debt partner, Chris Hew.

"Northern Virginia Gateway represents the convergence of two powerful market forces: the explosive growth of data centers requiring specialized industrial support infrastructure and the displacement of traditional warehousing by data center development, which places a premium on remaining industrial inventory," said Prutting. "With institutional ownership throughout the corridor and immediate access to Interstate 95, this best-in-class property offers the scale, connectivity and future-proofed design that attracts quality tenancy in one of the East Coast's most dynamic distribution markets."

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.

For more news, videos and research resources, please visit JLL’s newsroom. 

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 113,000 as of December 31, 2025. 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.

Peterson Companies is one of the largest privately-owned real estate development companies in the Washington, D.C. region, with a diverse portfolio spanning mixed-use, retail, residential, office, industrial, and self-storage assets. For more than 60 years, the company has delivered prominent destinations such as National Harbor, Rio, Fairfax Corner, Tysons McLean Office Park, Northern Virginia Gateway and Fair Lakes. Combining market expertise with a fully integrated real estate platform, Peterson Companies creates, owns, and manages vibrant residential and business districts throughout the region. For more information, please visit petersoncos.com.

Dogwood, established in 2019, is a TPG Real Estate platform that acquires, owns, and operates high-quality, infill, multi-tenant industrial assets in strategic, growth-oriented metropolitan markets across the United States. Backed by TPG—a global investment firm with $303 billion in assets under management and a differentiated investment portfolio of real estate-rich platforms and portfolios in the United States and Europe—Dogwood has rapidly scaled to acquire over 16 million square feet of logistics space across 160+ buildings. The platform focuses on building a logistics-driven portfolio that caters to the needs of the modern global supply chain. For more information, please visit dogwoodindustrial.com.