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KLNB Finalizes $28.5M Off-Market Acquisition of Virginia Industrial Asset
KLNB has successfully completed the off-market acquisition of 45190 Ocean Court in Sterling, Virginia, for $28.5 million. The 83,330-square-foot industrial warehouse was purchased by JK Land Holdings (JKLH) and represents a significant addition to the area’s commercial real estate portfolio.
Representing the buyer in the transaction were KLNB Principals Ryan Goeller and Chase Stewart, along with Senior Vice President Jeff Tarae and Associate Tyler Cumberland. In addition to brokering the deal, KLNB has been tapped to lead the marketing and leasing efforts on behalf of the new ownership.
“By identifying a highly sought-after, off-market property, we were able to create an opportunity that didn’t otherwise exist,” said Goeller. “And by showcasing our expertise of the Dulles region’s leasing dynamics, we are positioned to maximize the long-term value of this asset.”
Previously owned by Sterling Davis Properties LLC, the warehouse is currently occupied by Belfort Furniture, which is scheduled to vacate the space in June 2026. The transaction marks another milestone in the ongoing partnership between KLNB and JK Land Holdings.
In related news, Carter Andrus, Chief Operating Officer of Prologis, will be the keynote interview at Connect Industrial Midwest, taking place Tuesday afternoon, March 10, 2026, at Joe’s Live in Rosemont, Illinois.
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