(To read more on the industrial market, click here.)
MANASSAS, VA-McLane Foodservice will expand its operations herewith the development of a distribution center on 25 acres it justpurchased in Premier Business Park. The chain restaurant food andpaper products provider will ultimately relocate employees from the100,000-sf space it currently leases in the area to the newcenter.
McLane has not publicly disclosed the amount it paid for theparcel its 235,000-sf Manassas Virginia Division distributionfacility will occupy; however, the Prince William County Departmentof Economic Development's website lists land in the park for saleat $6 per sf. The Carrolton, TX-headquartered company plans tospend a total of $30 million to realize the project.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.