Reclamation Partners Acquires 101,587-Square Foot Light-Industrial Facility in Washington, D.C.

BOSTON, April 2, 2026 /PRNewswire/ -- Reclamation Partners ("Reclamation"), in partnership with Fox Capital Partners ("FCP"), is pleased to announce the acquisition of a 101,587-square foot light-industrial building located at 14851 Stonecroft Center Court, Chantilly, VA, within Washington, D.C.'s infill Dulles submarket.

The multi-tenant property, situated on 8.7 acres with 12 dock doors and 22-foot clear height, is a fully stabilized acquisition with 4.1 years of weighted average lease term at close. The building is 100% leased to two established, operationally entrenched tenants – MFG One, a specialty manufacturing operator occupying 76,587 square feet under a five-year sale-leaseback, and Penske Automotive Group, which occupies 25,000 square feet and has recently completed an on-site fleet maintenance build-out, underscoring its long-term commitment to the space. Reclamation secured the transaction on an off-market basis through a boutique brokerage relationship that also sourced the firm's recent acquisition of 21955 Cascades Parkway in Sterling, VA.

"This is our second acquisition in the Dulles corridor in as many months, and it reflects our deep conviction in this submarket. We are acquiring a fully cash-flowing asset at a meaningful discount to replacement cost in a market where the supply constraints are only tightening," said Matthew McCarthy, Managing Partner at Reclamation Partners.

"The strength of this deal starts with the tenancy. Both MFG One and Penske have made meaningful investments in the space – MFG One through its specialized manufacturing operations and Penske through a recent fleet maintenance build-out – making them deeply embedded in the asset. We were able to move quickly on an off-market basis to secure a high-quality asset, as we continue building out Reclamation's Northern Virginia portfolio," added Daniel Connaughton, Managing Partner at Reclamation Partners.

About Reclamation Partners

Reclamation Partners is a real estate investment manager focused on acquiring, repositioning and managing logistics assets in major markets throughout the Northeast U.S. Reclamation's strategy is guided by the partners' deep market insight and experience leading investment and development teams for some of the world's largest institutional real estate investors. Reclamation invests primarily in infill submarkets characterized by high population density, fragmented ownership and an older inventory base in need of modernization.

Learn more about Reclamation Partners at www.reclamationpartners.com.

About Fox Capital Partners

Fox Capital Partners is a real estate private equity firm focused exclusively on the industrial sector. FCP manages a series of discretionary funds and joint ventures which invest alongside trusted developers and operators on institutional-grade industrial developments and value-add acquisitions.

Learn more about Fox Capital Partners at www.foxcapitalpartners.com.

SOURCE Reclamation Partners