Press Release
Morgan Stanley Real Estate Investing Acquires State-of-the-Art Logistics Facility in Virginia for $172.1 Million
Morgan Stanley Investment Management, through investment funds managed by Morgan Stanley Real Estate Investing (MSREI), announced today the acquisition
of a newly developed Class A industrial facility located in Stafford, Virginia for $172.1 million. The facility is subject to a long-term net lease agreement with J.E. Richards, with the lease guaranteed by investment grade parent company Quanta Services, Inc., a leading provider of specialty infrastructure solutions.