Victoria Industrial and Lincoln Equities Acquire $62.5M Industrial Portfolio
What happened
Victoria Industrial Properties and Lincoln Equities Group acquired a seven-building flex industrial portfolio in Northern Virginia’s Dulles Tech Corridor for $62.5 million. The assets were sold by Baltimore-based Klein Enterprises. The portfolio includes properties in Herndon, Sterling, and Chantilly, and is leased to tenants such as Honeywell and Inova. The properties are leased to a mix of defense, medical, government consulting, and service tenants.
Why it matters
The transaction reflects a strategic shift for Klein Enterprises, which is moving its investment focus toward grocery-anchored retail and multifamily properties. The acquired portfolio assets are located in Northern Virginia and are leased to companies in sectors including defense and medical services.