Stockbridge Sells Fully Leased NoVA Industrial Park for $132M

TA Realty acquired Featherstone Industrial Park, a fully leased 734,606-square-foot, 13-building industrial warehouse portfolio in Northern Virginia, for $132 million from a joint venture of Rosenthal Properties and Stockbridge. The purchase price represents approximately 27 percent more than the sellers paid for the property in 2021, and the asset is fully occupied by 45 tenants across various industries.