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Fully leased Northern Virginia industrial portfolio sells as area attracts major investors

Data center boom is driving property deals
An industrial portfolio on Farm Creek Drive in Woodbridge, Virginia, was acquired for $132 million. (CoStar)
An industrial portfolio on Farm Creek Drive in Woodbridge, Virginia, was acquired for $132 million. (CoStar)

An investment management firm has closed on an industrial portfolio outside Washington, D.C., underscoring how some major buyers are focusing on well-located, income-producing portfolios rather than competing to purchase developable land in a region where data centers dominate.

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