Matan Breaks Ground at Northlake II in Richmond

ASHLAND, Va. — In October, Howard Shockey & Sons, Inc. broke ground for the Matan Company’s Northlake II project. The five-building development will consist of 655,000 square feet and will be completed in two phases. It is slated for delivery in 2022.

“I am excited to welcome Matan Companies to Hanover County,” said E. Linwood Thomas, IV, Director, Hanover County Economic Development. “Their dynamic project will create hundreds of jobs for the entire region. Matan had a choice in where they located and we are grateful for their partnership and choosing Hanover as their first development in the Greater Richmond Region.”

“Today is an exciting day for us,” remarked JP Matan, Director of Leasing, Matan Companies. “The Richmond market is strong and a natural fit for our Mid-Atlantic expansion.  We hope this is the first of many projects for us in this market.”

JLL is overseeing the leasing and marketing efforts for Matan at Northlake II. “We know tenants in the market are demanding this type of product,” stated Gareth Jones, Senior Vice President, JLL. “With 32-foot clear ceiling heights, ample loading and parking specifications, as well as superb access to the I-95 corridor, we have already had much interest. This first phase will result in the delivery of three buildings, which total approximately 345,000 square feet.”

Northlake II is a five-building, two-phase ground-up development project in Ashland, VA, approximately 15 miles north of Richmond, VA. The project offers both easy access to and visibility from Interstate 95, the main north-south artery on the east coast.