
Marcus &amp; Millichap (NYSE:MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of two adjacent industrial

<p xmlns="http://www.w3.org/1999/xhtml">
<a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fnam11.safelinks.protection.outlook.com%2F%3Furl%3Dhttp%253A%252F%252Fwww.marcusmillichap.com%252F%26data%3D05%257C02%257CGina.Relva%2540marcusmillichap.com%257Cb726436dd2dc4343127e08debc23595b%257C4af2e9e0a2d7475c9f4db3a8a8ad4f5a%257C0%257C0%257C639155057387230449%257CUnknown%257CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%253D%253D%257C0%257C%257C%257C%26sdata%3Dleqr14ShxV1oZwWb9WG%252BjlFqwJAJj58FXQZFxe3GiAc%253D%26reserved%3D0&amp;esheet=54543860&amp;newsitemid=20260528436390&amp;lan=en-US&amp;anchor=Marcus+%26amp%3B+Millichap+%28NYSE%3AMMI%29&amp;index=1&amp;md5=1c0bbaf513d71a6b7f1300d7eb3d01f8" shape="rect">Marcus &amp; Millichap (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/MMI">MMI</a>)</a>, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of two adjacent industrial properties in Manassas, Virginia for $42 million.

</p><p xmlns="http://www.w3.org/1999/xhtml">
Located within Northern Virginia's data center corridor, the properties comprise approximately 14 acres of industrial-zoned land with long-term data center redevelopment potential. The transaction included the sale of Goode Business Center, a two-building, roughly 135,000-square-foot industrial storage and manufacturing complex located on 10 acres at 12269 Livingston Road, and Atlantic Building Supply, an approximately 18,000-square-foot industrial warehouse facility located on nearly four acres at 12249 Livingston Road.

</p><p xmlns="http://www.w3.org/1999/xhtml">
"Northern Virginia remains the largest and most active data center market in the world, and infrastructure-sensitive industrial land in this corridor continues to attract significant interest," said Robert Filley, senior managing director investments with Marcus &amp; Millichap. "This transaction reflects the continued convergence of industrial real estate, power availability, land scarcity, and long-term data center demand." Robert Filley, Haris Hanifi, and Adrian Mendoza of Marcus &amp; Millichap, in association with Brian Hosey, the firm's broker of record in Virginia, represented the seller and procured the buyer.

</p><p xmlns="http://www.w3.org/1999/xhtml">
"What made this transaction unique was the strategic assemblage of the two adjacent parcels," said Hanifi, associate director investments with Marcus &amp; Millichap. "The original 10-acre site alone had limitations, but by incorporating the neighboring four-acre parcel, the combined 14-acre site created a stronger long-term redevelopment opportunity in one of the country's most competitive data center markets."

</p><p xmlns="http://www.w3.org/1999/xhtml">
The properties are located near the Route 29/Interstate 66 corridor, Interstate 81, and State Route 294/Prince William Parkway, providing access to major regional transportation routes within Northern Virginia's industrial and data center ecosystem.

</p><p xmlns="http://www.w3.org/1999/xhtml">
"Manassas has an inventory of approximately 10 million square feet of industrial properties and a current vacancy of approximately 2%," added Filley. "Rents have been rising, and with data center competition, industrial-zoned land is increasingly scarce."

</p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">About Marcus &amp; Millichap, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/MMI">MMI</a>)</b>

</p><p xmlns="http://www.w3.org/1999/xhtml">
Marcus &amp; Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. Marcus &amp; Millichap closed 8,818 transactions with a sales volume of $50.8 billion in 2025. The company had 1,808 investment sales and financing professionals in more than 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate at year end. For additional information, please visit <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fnam11.safelinks.protection.outlook.com%2F%3Furl%3Dhttps%253A%252F%252Furl.us.m.mimecastprotect.com%252Fs%252F7nqjC82oMRFkGrDPS1hDTyYOPJ%253Fdomain%253Dmarcusmillichap.com%252F%26data%3D05%257C02%257CGina.Relva%2540marcusmillichap.com%257Cb726436dd2dc4343127e08debc23595b%257C4af2e9e0a2d7475c9f4db3a8a8ad4f5a%257C0%257C0%257C639155057387291265%257CUnknown%257CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%253D%253D%257C0%257C%257C%257C%26sdata%3Dq%252F9aROkVwDeiVJ58kfEkcYEUes6YGcyWo03Kzx7Wdpk%253D%26reserved%3D0&amp;esheet=54543860&amp;newsitemid=20260528436390&amp;lan=en-US&amp;anchor=www.MarcusMillichap.com&amp;index=2&amp;md5=d85b4240f7dfcfb2183d7322ceac3dc1" shape="rect">www.MarcusMillichap.com</a>.

</p><p xmlns="http://www.w3.org/1999/xhtml"><img xmlns="http://www.w3.org/1999/xhtml" alt="" src="https://cts.businesswire.com/ct/CT?id=bwnews&amp;sty=20260528436390r1&amp;sid=benz2&amp;distro=nx&amp;lang=en" style="width:0;height:0"></img><span xmlns="http://www.w3.org/1999/xhtml" class="bwct31415"></span></p><p xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink"><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-phrase">View source version on businesswire.com: </span><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-link"><a xmlns="http://www.w3.org/1999/xhtml" href="https://www.businesswire.com/news/home/20260528436390/en/" rel="nofollow">https://www.businesswire.com/news/home/20260528436390/en/</a></span></p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">Gina Relva, VP of Public Relations 
</b><br xmlns="http://www.w3.org/1999/xhtml"></br><a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="mailto:Gina.Relva@MarcusMillichap.com" shape="rect"><b xmlns="http://www.w3.org/1999/xhtml">Gina.Relva@MarcusMillichap.com</b></a>

</p>

Marcus & Millichap Closes $42 Million Two-Property Industrial Sale in Northern Virginia's Data Center Corridor

MMI's Manassas Sale Signals Robust Data Center Corridor Demand

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>Marcus &amp;amp; Millichap (NYSE:MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of two adjacent industrial</p>
  </section>

  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>Marcus &amp; Millichap announced the sale of two adjacent industrial properties in Manassas, VA, for $42 million, combining a 135,000-sf Goode Business Center and an 18,000-sf Atlantic Building Supply on 14 acres. Located in Northern Virginia&#039;s data center corridor, the deal highlights ongoing redevelopment potential and rising rents amid limited industrial land and strong data-center demand.</p>
  </section>

  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>MMI sells two adjacent Manassas industrial properties for $42 million.</li><li>Combined 14-acre site includes 135k-sf Goode Center and 18k-sf Atlantic Building Supply.</li><li>Northern Virginia data center corridor remains largest, with ~2% industrial vacancy.</li><li>Deal signals ongoing industrial redevelopment near data centers; rents rising amid scarcity.</li></ul>
  </section>

  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>Marcus &amp; Millichap, Inc. (MMI)</strong>: Broker of record; this deal showcases MMI&#039;s role in large industrial/data-center transactions.</li><li><strong>Goode Business Center (NA)</strong>: Private asset included in the sale; redevelopment potential adjacent to data-center corridors.</li><li><strong>Atlantic Building Supply (NA)</strong>: Private asset included in the sale; demonstrates diversified industrial real estate mix in Manassas.</li></ul>
  </section>

  <section data-block="category">
    <h3>Industry News</h3>
    <p>Industry News: Highlights MMI&#039;s transactional activity in a high-growth data-center region, suggesting rising advisory fees and deal flow.</p>
  </section>

  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>Rising rents and scarce industrial land near data centers in NOVA bolster deal flow.</li><li>MMI&#039;s involvement in a high-profile sale could raise awareness of its brokerage strengths.</li><li>Data center expansion in NOVA supports demand for industrial redevelopment opportunities.</li></ul>
  </section>

  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>Sale price: $42 million.</li><li>Goode Business Center: ~135,000 sq ft on 10 acres.</li><li>Atlantic Building Supply: ~18,000 sq ft on ~4 acres.</li><li>Combined site: ~14 acres near Route 29/I-66 corridor.</li><li>Manassas inventory: ~10 million sq ft; vacancy ~2%.</li></ul>
  </section>

  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>MMI could see near-term fee revenue and deal-flow uplift from data center industrial markets within 6-12 months.</p>
  </section>
</section>


<p xmlns="http://www.w3.org/1999/xhtml">
<a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fnam11.safelinks.protection.outlook.com%2F%3Furl%3Dhttp%253A%252F%252Fwww.marcusmillichap.com%252F%26data%3D05%257C02%257CGina.Relva%2540marcusmillichap.com%257Cb726436dd2dc4343127e08debc23595b%257C4af2e9e0a2d7475c9f4db3a8a8ad4f5a%257C0%257C0%257C639155057387230449%257CUnknown%257CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%253D%253D%257C0%257C%257C%257C%26sdata%3Dleqr14ShxV1oZwWb9WG%252BjlFqwJAJj58FXQZFxe3GiAc%253D%26reserved%3D0&amp;esheet=54543860&amp;newsitemid=20260528436390&amp;lan=en-US&amp;anchor=Marcus+%26amp%3B+Millichap+%28NYSE%3AMMI%29&amp;index=1&amp;md5=1c0bbaf513d71a6b7f1300d7eb3d01f8" shape="rect">Marcus &amp; Millichap (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/MMI">MMI</a>)</a>, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of two adjacent industrial properties in Manassas, Virginia for $42 million.

</p><p xmlns="http://www.w3.org/1999/xhtml">
Located within Northern Virginia's data center corridor, the properties comprise approximately 14 acres of industrial-zoned land with long-term data center redevelopment potential. The transaction included the sale of Goode Business Center, a two-building, roughly 135,000-square-foot industrial storage and manufacturing complex located on 10 acres at 12269 Livingston Road, and Atlantic Building Supply, an approximately 18,000-square-foot industrial warehouse facility located on nearly four acres at 12249 Livingston Road.

</p><p xmlns="http://www.w3.org/1999/xhtml">
"Northern Virginia remains the largest and most active data center market in the world, and infrastructure-sensitive industrial land in this corridor continues to attract significant interest," said Robert Filley, senior managing director investments with Marcus &amp; Millichap. "This transaction reflects the continued convergence of industrial real estate, power availability, land scarcity, and long-term data center demand." Robert Filley, Haris Hanifi, and Adrian Mendoza of Marcus &amp; Millichap, in association with Brian Hosey, the firm's broker of record in Virginia, represented the seller and procured the buyer.

</p><p xmlns="http://www.w3.org/1999/xhtml">
"What made this transaction unique was the strategic assemblage of the two adjacent parcels," said Hanifi, associate director investments with Marcus &amp; Millichap. "The original 10-acre site alone had limitations, but by incorporating the neighboring four-acre parcel, the combined 14-acre site created a stronger long-term redevelopment opportunity in one of the country's most competitive data center markets."

</p><p xmlns="http://www.w3.org/1999/xhtml">
The properties are located near the Route 29/Interstate 66 corridor, Interstate 81, and State Route 294/Prince William Parkway, providing access to major regional transportation routes within Northern Virginia's industrial and data center ecosystem.

</p><p xmlns="http://www.w3.org/1999/xhtml">
"Manassas has an inventory of approximately 10 million square feet of industrial properties and a current vacancy of approximately 2%," added Filley. "Rents have been rising, and with data center competition, industrial-zoned land is increasingly scarce."

</p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">About Marcus &amp; Millichap, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/MMI">MMI</a>)</b>

</p><p xmlns="http://www.w3.org/1999/xhtml">
Marcus &amp; Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. Marcus &amp; Millichap closed 8,818 transactions with a sales volume of $50.8 billion in 2025. The company had 1,808 investment sales and financing professionals in more than 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate at year end. For additional information, please visit <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fnam11.safelinks.protection.outlook.com%2F%3Furl%3Dhttps%253A%252F%252Furl.us.m.mimecastprotect.com%252Fs%252F7nqjC82oMRFkGrDPS1hDTyYOPJ%253Fdomain%253Dmarcusmillichap.com%252F%26data%3D05%257C02%257CGina.Relva%2540marcusmillichap.com%257Cb726436dd2dc4343127e08debc23595b%257C4af2e9e0a2d7475c9f4db3a8a8ad4f5a%257C0%257C0%257C639155057387291265%257CUnknown%257CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%253D%253D%257C0%257C%257C%257C%26sdata%3Dq%252F9aROkVwDeiVJ58kfEkcYEUes6YGcyWo03Kzx7Wdpk%253D%26reserved%3D0&amp;esheet=54543860&amp;newsitemid=20260528436390&amp;lan=en-US&amp;anchor=www.MarcusMillichap.com&amp;index=2&amp;md5=d85b4240f7dfcfb2183d7322ceac3dc1" shape="rect">www.MarcusMillichap.com</a>.

</p><p xmlns="http://www.w3.org/1999/xhtml"><img xmlns="http://www.w3.org/1999/xhtml" alt="" src="https://cts.businesswire.com/ct/CT?id=bwnews&amp;sty=20260528436390r1&amp;sid=benz2&amp;distro=nx&amp;lang=en" style="width:0;height:0"></img><span xmlns="http://www.w3.org/1999/xhtml" class="bwct31415"></span></p><p xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink"><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-phrase">View source version on businesswire.com: </span><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-link"><a xmlns="http://www.w3.org/1999/xhtml" href="https://www.businesswire.com/news/home/20260528436390/en/" rel="nofollow">https://www.businesswire.com/news/home/20260528436390/en/</a></span></p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">Gina Relva, VP of Public Relations 
</b><br xmlns="http://www.w3.org/1999/xhtml"></br><a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="mailto:Gina.Relva@MarcusMillichap.com" shape="rect"><b xmlns="http://www.w3.org/1999/xhtml">Gina.Relva@MarcusMillichap.com</b></a>

</p>

Marcus & Millichap announced the sale of two adjacent industrial properties in Manassas, VA, for $42 million, combining a 135,000-sf Goode Business Center and an 18,000-sf Atlantic Building Supply on 14 acres. Located in Northern Virginia's data center corridor, the deal highlights ongoing redevelopment potential and rising rents amid limited industrial land and strong data-center demand.

Marcus & Millichap Closes $42 Million Two-Property Industrial Sale in Northern Virginia's Data Center Corridor

AI Summary

Sentiment Rationale

Trading Thesis

Market-Moving

Key Facts

Companies Mentioned

Industry News

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