7/106 sources · 6 publishersUpdated Oct 28, 17:55 UTC
Morgan Stanley Real Estate Investing acquires 935,000‑sq‑ft Virginia logistics facility for $172.1 million
Morgan Stanley Investment Management, through its real estate arm, bought a newly built Class A industrial logistics property in Stafford, Virginia. The 935,000‑square‑foot facility was purchased for $172.1 million and is leased long‑term to J.E. Richards, with the rent guaranteed by Quanta Services. The acquisition was announced by the company on Monday and adds to MSREI’s global real‑estate portfolio.
Why it matters
The purchase expands Morgan Stanley’s real‑estate holdings, adding a high‑quality industrial asset that could increase rental income and diversify its portfolio, according to the company’s press release.
Key facts
- 1Morgan Stanley Real Estate Investing acquired the property for $172.1 million. investing.com
- 2The facility measures 935,000 square feet. investing.com
- 3The property was built in 2026. citybiz.co
- 4It is leased to J.E. Richards under a long‑term net lease. investing.com
- 5The lease is guaranteed by Quanta Services. investing.com
- 6Morgan Stanley Real Estate Investing manages approximately $58 billion of gross real‑estate assets worldwide. investing.com
Summary written by AlphAI AI Desk from 6 of 6 sources. Not investment advice. Figures are as stated by the linked sources.