Levi Cohen Of WareSpace Acquires Industrial Warehouse From Douglas Jemal For $19.5M In Alexandria

The property asset involved in the transaction is a 94,000 square foot industrial warehouse located at 950 South Pickett Street in Alexandria, VA. It was sold for $19,500,000, resulting in a price per square foot of $207.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $19,500,000
• Buyer: Levi Cohen - WareSpace
• Seller: Douglas Jemal - Douglas Development
• Brokers: John Dettleff & Bill Prutting - JLL
• Sale Date: 06/23/2025
• Market: Alexandria, VA

This transaction marks a loss for Douglas Development, who acquired the property in 2021 for $22,900,000, representing a loss of approximately $3,400,000 upon this sale to WareSpace.