Stream Realty Partners Brokers $25.75M Industrial Real Estate Acquisition in Manassas, VA
TYSONS, Va. — December 15, 2025 — Stream Realty Partners brokered an off-market $25.75 million industrial real estate acquisition in Manassas, Virginia, representing Pronto Fulfillment LLC in the purchase of the newly constructed 77,948-square-foot Innovation Industrial facility at 10671 University Boulevard.
The property, located in the Manassas/I-66 Corridor, was acquired from Buchanan Street Partners upon substantial completion. According to Stream Realty Partners, the facility remained under contract throughout construction, reflecting the strong demand for modern industrial space in Northern Virginia’s competitive market.
Industrial Real Estate Demand Tightens in Northern Virginia
The Manassas/I-66 Corridor continues to experience heightened demand for industrial real estate, driven by the expansion of the data center industry. The submarket’s direct vacancy rate is reported at 3.5%, with average asking rents of $18.35 per square foot triple net (NNN), according to Stream. These conditions have contributed to increased competition for new facilities and a rise in off-market transactions.
“This unique transaction is indicative of the tightness of Northern Virginia’s industrial market and represents a rare opportunity for a user purchase of a building prior to construction completion,” said Caulley Deringer, Managing Director at Stream Realty Partners.
Deal Structure and Representation
Pronto Fulfillment LLC acquired the property from Buchanan Partners. Stream Realty Partners’ Executive Vice President Steve Cloud, Vice President Andrew Hassett, and Deringer represented the buyer. John Detleff and Dan Coats of JLL represented the seller.
About Stream Realty Partners
Stream Realty Partners is a national commercial real estate firm headquartered in Dallas, offering an integrated platform of leasing, investment, development, property management, and capital markets services. The company has more than 1,550 professionals and completes annual transactions valued at more than $8.9 billion across office, industrial, retail, healthcare, land, and data center sectors.
Source: Stream Realty Partners