Work begins on Stafford County industrial park

NorthPoint Development, a real estate operating company based in Kansas City, Missouri, broke ground in Stafford County on Tuesday on what’s being touted as the largest industrial park project along Interstate 95 from Washington, D.C., to Richmond. 

The Austin Ridge Logistics Center on Austin Ridge Drive in Stafford will include five to seven buildings, for a total of 2.08 million square feet, according to a NorthPoint news release.

For the development, NorthPoint will court large-scale users like last-mile logistics facilities, regional distribution warehouses and data centers. 

“At full build-out, the Austin Ridge Logistics Center will represent a $133.9 million dollar investment in Stafford County, creating over 1,200 jobs,” NorthPoint’s development manager, Ryan Marshall, stated in the release. 

Brinkmann Constructors, which has an office in Richmond, will be the project’s general contractor.

NorthPoint Development specializes in acquiring, developing, leasing and managing industrial and multifamily properties. Currently, the company manages 150.2 million square feet of industrial space and about 5,400 multifamily units. It has $19.5 billion in assets under management.