Matan signs DSV for full-building lease, preps next Virginia warehouse project

Matan Companies has secured a full-building lease with Danish logistics giant DSV A/S for 219,456 square feet of Class A industrial space at its Crossroads Industrial development in Stafford County, Virginia. The deal represents a significant vote of confidence in the region’s logistics potential and reinforces Matan’s broader development strategy along the I-95 corridor.

The facility, located at 1045 Richmond Highway in Fredericksburg, is strategically positioned with immediate access to Interstate 95, enabling efficient distribution operations throughout the Mid-Atlantic region. This includes major metropolitan areas such as Washington, D.C. and Richmond, as well as key East Coast freight and port networks. DSV’s lease marks the full occupancy of the Crossroads Industrial site and sets the stage for Matan Companies to advance its next Stafford County development, Venture Industrial.

DSV A/S, headquartered near Copenhagen, Denmark, operates in more than 90 countries and serves as a critical global player in transport and logistics services across air, sea, road, and rail. The firm has been expanding its U.S. footprint with an emphasis on operational scalability, supply chain resilience, and multimodal infrastructure. Its decision to occupy the entire Crossroads facility reflects both the strength of regional demand and the property’s alignment with DSV’s long-term logistics strategy.

Why is DSV betting on Stafford County for its regional supply chain hub?

DSV’s expansion into Stafford is indicative of a broader logistics shift in the Mid-Atlantic, where counties outside primary urban centers are seeing accelerated interest from global operators. With congestion and costs rising in traditional distribution hubs closer to Washington D.C. or Baltimore, Stafford County offers a scalable, accessible, and infrastructure-ready alternative.

The Crossroads Industrial facility offers best-in-class features designed to meet the evolving needs of international logistics players. These include 32-foot clear heights to support high-racking storage systems, a modern loading dock layout, ample trailer and automobile parking, and energy-efficient design. These specifications are increasingly important as logistics firms automate warehouse workflows and optimize throughput efficiency.

For DSV, this facility will strengthen its ability to serve both domestic and international freight flows, particularly across the densely populated East Coast corridor. The site is expected to function as a regional distribution center supporting multiple clients and product verticals, from consumer goods to high-value industrial components.

How does the Crossroads lease fit into Matan Companies’ broader I-95 growth strategy?

The lease with DSV concludes the first phase of Matan Companies’ expansion into Stafford County and validates its focus on developing institutional-grade industrial infrastructure in high-growth but underpenetrated logistics markets. With Crossroads Industrial now fully leased, the firm is preparing to launch Venture Industrial, a second major development intended to deepen its presence in the region.

Zach Jung, Managing Director at Matan Companies, stated that the expansion into Stafford County represents a deliberate extension of the firm’s broader real estate strategy. Matan has already developed more than 7 million square feet of industrial, bio-life sciences, and office space, with an additional 15 million square feet in its development pipeline. The company is also active in multifamily and manufactured housing, allowing it to pursue mixed-use infrastructure strategies in select markets.

The success of Crossroads has helped Matan validate Stafford County as a viable logistics corridor that can complement higher-density areas such as Fairfax County and Prince William County. Venture Industrial is expected to build on this momentum by delivering new warehouse capacity that meets the surging demand for last-mile distribution and third-party logistics services.

What are the long-term implications of DSV’s logistics expansion in the U.S. market?

DSV’s leasing move comes at a time when the company is pursuing aggressive growth across North America, both organically and through strategic acquisitions. The firm has significantly expanded its global presence in recent years, most notably through the acquisition of DB Schenker, which added to its warehousing and freight forwarding capabilities and brought deeper penetration into global markets.

In the United States, DSV operates a broad network of freight terminals, consolidation centers, and cross-docking hubs. The new facility in Stafford County is expected to complement these existing nodes, offering flexibility to absorb seasonal volume, buffer inventory in times of global disruption, and improve overall service levels.

Analysts tracking the logistics sector believe DSV is positioning itself to become the go-to partner for clients seeking supply chain resilience amid unpredictable global conditions. By adding capacity in regions like Virginia, the firm can better respond to demand spikes, manage cost structures, and maintain redundancy across the network.

Why is Stafford County emerging as a logistics destination for national players?

Stafford County’s rise as a logistics destination is being driven by a combination of geographic advantage, pro-growth zoning policies, and availability of land for development. Located just off I-95, it offers direct access to one of the busiest commercial corridors on the East Coast. The area also benefits from proximity to inland ports, intermodal rail terminals, and a growing population base that supports labor availability for warehousing and distribution.

Economic development agencies in Stafford have been actively courting industrial developers, offering incentives and fast-tracked permitting to attract tenants like DSV. The presence of Matan Companies, an experienced regional developer, further signals Stafford’s viability for institutional-grade logistics investments.

Real estate investment firms and industrial REITs are increasingly monitoring Stafford as absorption rates climb and available inventory shrinks across Northern Virginia. The DSV lease serves as a potential inflection point, encouraging other logistics operators to reevaluate the area’s cost-benefit profile in comparison to more saturated metros.

What is the outlook for industrial leasing and development across the I-95 corridor?

With vacancy rates for Class A industrial properties continuing to fall across the Eastern seaboard, developers are racing to deliver new supply in markets that offer a balance between access and affordability. The I-95 corridor is a natural target for this growth, connecting major population centers with inland distribution hubs.

Market observers believe that full-building leases like the one signed by DSV are becoming more common as tenants seek greater control over site operations and long-term cost predictability. This trend favors vertically integrated developers like Matan Companies that can manage everything from entitlement and construction to leasing and asset management.

In Stafford and surrounding counties, future growth is likely to focus on multi-phase logistics parks, tech-enabled warehousing, and specialized facilities designed for e-commerce fulfillment or cold storage. The transition from speculative construction to tenant-driven builds is also gaining momentum as pre-lease activity picks up.

While macroeconomic factors such as interest rates and global freight costs remain variables, the structural demand for logistics real estate appears durable. Firms like DSV are responding by locking in key sites that can anchor their U.S. growth strategies for the next decade.

What are the key takeaways from DSV’s full-building lease at Crossroads Industrial in Virginia?

• DSV A/S has signed a lease for the entire 219,456-square-foot Crossroads Industrial facility in Stafford County, Virginia, strengthening its Mid-Atlantic logistics footprint.

• The building offers prime connectivity to the I-95 corridor and East Coast distribution networks, with features such as 32-foot clear heights and energy-efficient design tailored to logistics operations.

• Matan Companies confirmed that Crossroads Industrial is now fully leased and announced the next phase of development, Venture Industrial, also planned for Stafford County.

• DSV’s U.S. expansion reflects its strategy to build regional distribution hubs that offer scalability, operational resilience, and last-mile delivery efficiency.

• Stafford County is gaining visibility as a viable logistics hub due to its location, available land, and supportive zoning for industrial real estate projects.

• Matan Companies’ broader pipeline includes over 15 million square feet of commercial development, with a strong focus on industrial and life sciences infrastructure.

• The lease deal signals continued institutional confidence in logistics assets located outside major metros, especially in strategically located counties along the I-95 corridor.

• DSV’s move comes amid increasing demand for U.S.-based warehousing capacity, as global firms seek to de-risk supply chains and enhance regional fulfillment capabilities.

• Analysts expect Stafford’s industrial market to attract further investment as absorption rates rise and infrastructure-ready sites become more competitive.

• The transaction highlights the growing alignment between global transport firms and regional developers in delivering high-spec, scalable warehousing solutions in emerging logistics corridors.