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

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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