JLL facilitates large infill industrial sale in Landover, Maryland
New York-based Reich Brothers makes a big splash with first Metro D.C. industrial acquisition
WASHINGTON, D.C., Feb. 5, 2025 - JLL announced today it arranged the sale and will lead the leasing efforts of 6304 Sheriff Road, a 507,072-square-foot infill industrial asset in Landover, Maryland.
JLL Capital Markets and JLL Metro DC Industrial Leasing worked on behalf of the buyer, Reich Brothers, in the transaction.
6304 Sheriff Road is a large-format, value-add industrial property strategically situated less than two miles from the District of Columbia line and just minutes from the Capital Beltway. The property features cross-dock loading, offering up to 416,000 square feet of available space (120,000 square feet of which is freezer and cooler space), plus four acres of industrial outdoor storage. This best-in-class, infill property is available immediately and represents one of the largest infill distribution centers in the Mid-Atlantic.
“Throughout our company’s 30-year history and across the over 50 million square feet of assets acquired, the common thread in our family’s success has been applying our vision in repositioning assets so they outperform the market,” said Matt Reich, Principal for Reich Brothers. “We have a successful track record of repositioning and leasing large industrial buildings, and this acquisition enables us to continue to expand our investment strategy to the Metropolitan Washington, D.C. market and enhance our Mid-Atlantic industrial portfolio to over two million square feet with additional acquisitions on the horizon.”
Reich Brothers plans to implement a multi-million-dollar capital investment program that includes installing a new roof, enhancing cold storage elements, upgrading the entrance and loading docks and completing interior and exterior painting, among other improvements.
“This landmark transaction showcases Reich Brothers' strategic vision, as they acquire not only one of Metro D.C.'s largest infill industrial buildings but also one of the East Coast's largest existing freezer/cooler assets with tri-temp capabilities,” stated John Dettleff, Executive Managing Director of JLL's Metro D.C. Industrial Leasing Group. “6304 Sheriff Road is truly a unique opportunity — a 'one-of-a-kind' property offering immediate proximity to downtown Washington while providing exceptional scale.”
Bill Prutting, Senior Managing Director of JLL's Mid-Atlantic Industrial Capital Markets Group, added, “The property provides a cost-effective alternative while offering the flexibility to demise the space as tenants see fit. Given the strength of the Mid-Atlantic industrial capital markets, coupled with the asset's ability to serve numerous residential and commercial demand drivers from this location, we're confident this investment will be a success.”
Bill Prutting, Craig Childs and Chris Dale from JLL’s Mid-Atlantic Industrial Capital Markets Team were the sole advisors on the sale transaction. They partnered with John Dettleff, Dan Coats, Abbot Wallenborn and Sam Haas from JLL’s Metro DC Industrial Leasing Team, which will lease the building on behalf of Reich Brothers.
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.
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About JLL
For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500® company with annual revenue of $20.8 billion and operations in over 80 countries around the world, our more than 111,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAYSM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.
About Reich Brothers
Reich Brothers is a leading acquirer of industrial real estate with a niche expertise in large scale manufacturing, distribution and freezer/cold storage assets. The Company has been at the forefront of revitalizing underutilized industrial facilities for the past thirty years and has owned and operated in excess of 50,000,000 square feet across the United States. Reich Brothers’ multiple disciplines work in tandem, including in house asset management, property management, construction, and equipment disposition.