Updated Jul 16, 2026
Michael Haggerty Of TA Realty Acquires Featherstone Industrial Park From Glenn Rosenthal For $132M
15481 Farm Creek Drive
$132,000,000
$179/SF
Building Size
734,606 SF
Asset Type
Industrial
Closing
Jul 13, 2026
About this deal
AI
An industrial property located at 15481 Farm Creek Drive in Woodbridge, VA, was sold for $132 million. The asset encompasses a total of 734,606 square feet and consists of 13 buildings, fully leased to 45 tenants, indicating a robust occupancy rate.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $132,000,000
- Address: 15481 Farm Creek Drive
- Market: Woodbridge, VA
- Square Footage: 734,606
- Price Per Square Foot: $180
- Buyer: Michael Haggerty - TA Realty
- Seller: Glenn Rosenthal - Rosenthal Properties & Stockbridge
- Broker: Newmark
Michael Haggerty represented TA Realty in the acquisition, while Glenn Rosenthal represented Rosenthal Properties and Stockbridge in the sale of Featherstone Industrial Park.
On the Map
$132,000,000
$179/SF
Industrial
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Players
Woodbridge Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.12%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93