FRONT ROYAL — A 340,000-square-foot speculative warehouse logistics facility is being built off U.S. 522 near the Rappahannock Shenandoah Warren Regional Jail.
The warehouse, at 300 Winners Court, is scheduled to be completed in the first quarter of 2022. It will be known as the Virginia Inland Port Logistics Center, but it is not part of the Virginia Inland Port, located about a mile and a half south.
The warehouse project is the most recent Northern Shenandoah Valley venture for Equus Capital Partners, Ltd., a developer and real estate investment management company based in Philadelphia.
“We are very excited about the opportunity to bring a new, Class A speculative warehouse logistics facility to this market,” Dan DiLella Jr., senior vice president of Equus, said in a news release. “Users looking to import through the Virginia Inland Port will recognize tremendous savings on transportation and drayage by locating at our new project.”
DiLella said the warehouse doesn’t have any companies lined up yet to lease the warehouse space, but talks are ongoing with multiple firms.
An Equus news release said the project was desirable because “industrial space in close proximity to ports (both ocean ports and inland ports) is very desirable to users who import product from overseas and distribute throughout the U.S.”
“There is currently no available space of this kind with immediate proximity to the Virginia Inland Port,” DiLella said. “This facility will be a great benefit to a user looking to utilize the port, access the population centers of the mid-Atlantic and take advantage of the presence of quality labor and low real estate taxes.”
Equus identified the 25-acre parcel near the port in 2019, had the property rezoned to industrial use and then obtained land development approval for the logistics facility. A recent real estate transfer showed the property was sold to VA Inland Port LLC (Equus) for $1,029,000.
The Virginia Inland Port Logistics Center will be a 32-foot clear, single-side loaded industrial facility with 34 loading docks and 63 trailer storage spaces opposite the loading docks. Additionally, the project will consist of Class A industry standard LED lighting, a 7-inch concrete floor and an Early Suppression Fast Response fire sprinkler system.
Companies such as Family Dollar, Ferguson, Sysco Foods, and Home Depot have facilities nearby. The Equus news release said because the facility is near Interstate 66, Interstate 81 and U.S. 522 as well as within close proximity to retail amenities it will be “desirable for employers looking to satisfy and retain a quality labor force.”
Colliers International, a commercial real estate brokerage firm, is handling the leasing efforts while Equus Development, L.P., Equus’ development operating arm, will oversee the development and construction of the project.
Last November, Equus entered into a five-year agreement with Geodis Logistics for the recently built Graystone 81 Logistics Center off U.S. 11 North in Frederick County, where Red Bull products are imported and distributed through the Virginia Inland Port.