Our Portfolio

Gateway & Linden is a two-park industrial flex portfolio in the Route 29/I-66 corridor of Manassas, made up of six buildings and 212,000 SF across Gateway Centre and Linden Business Center, serving a variety of tenants, including manufacturers, data center service providers, logistics providers, and government contractors. Penzance plans to convert select office-heavy suites to industrial use to better meet the needs of the typical warehouse tenant in this market. The acquisition capitalizes on the need for industrial assets created by the conversion to data centers of Class B small bay industrial property in the Dulles/Manassas market.

Gateway & Linden is a two-park industrial flex portfolio in the Route 29/I-66 corridor of Manassas, made up of six buildings and 212,000 SF across Gateway Centre and Linden Business Center, serving a variety of tenants, including manufacturers, data center service providers, logistics providers, and government contractors. Penzance plans to convert select office-heavy suites to industrial use to better meet the needs of the typical warehouse tenant in this market. The acquisition capitalizes on the need for industrial assets created by the conversion to data centers of Class B small bay industrial property in the Dulles/Manassas market.

Penzance is building a 443,000 square foot high-bay industrial warehouse on Shoulders Hill Road in the City of Suffolk, Virginia. Located 15 minutes from the Port of Virginia, the project will offer reduced drayage costs for tenants coming to and from the Port. The site is positioned to benefit from the investment of $1.5 billion in the Port of Virginia, scheduled to be completed in Q4 2025. The building is expected to receive a LEED Green Building Certification upon completion in Q2, 2026.

Stoney Trace is a 380-unit multifamily community in Charlotte, North Carolina located between Uptown Charlotte and Matthews. It offers excellent access to major employers like Atrium Health, Bank of America, Duke Energy, Wells Fargo and Honeywell International Inc. The property has recently renovated community amenities and unit interiors with varying levels of upgrades. Stoney Trace is a short drive from grocers Lidl and Harris Teeter and retail options along Route 74 including the Galleria Shopping Center, Cinemark Bistro, Food Lion and a variety of restaurants.

Jasper Columbia Pike is a 269-unit high-rise multifamily community with ground floor retail in Arlington, Virginia.  It is well-located along the Columbia Pike corridor, providing accessibility to regional employment hubs such as The Pentagon, National Landing (Amazon HQ2), the Rosslyn-Ballston Corridor, Downtown DC, and Tysons Corner.  Built in 2009, the property features spacious floorplans with modern finishes and a full amenity package consisting of a swimming pool, courtyard with grill stations and lounge seating, fitness center, virtual golf simulator, business center, and resident lounge. The ground floor is leased to an attractive mix of retail tenants, and the property is within walking distance of other robust neighborhood retail amenities.

1501 Moran Road is a 7.65-acre data center site located in Sterling, VA and situated a half mile northeast of Dulles Greenway and the future Loudoun Metro Station, .6 miles west of Route 28, and a mile from Dulles International Airport.  Northern Virginia represents 48% of the primary data center market inventory in the US; approximately 70% of global internet traffic flows through Loudoun County.  The site is being developed into a three-story, 260,000 square foot turn-key data center with delivery expected in 2027.

Chantilly Premier is a 79.03-acre site, with 12.06 acres of developable land in Fairfax County, VA, 10 minutes from Dulles International Airport. As of January 2024, the project has been rezoned for dual use—a three-story, up to 402,000 square foot data center or a 150,000 square foot warehouse.

In February, 2025 Penzance executed a Build-to-Suit lease with a (confidential) hyperscaler for a three-story 241,000 Square Foot LEED Silver data center. The design and permitting process is expected to be completed in Q3, 2025, with the building to be delivered in Q1/Q2, 2027.

Brandywine Green, a 243- unit Class A multifamily community in Brandywine, Maryland, was developed in 2022 as part of master-planned Villages of Timothy Branch.   The community is convenient to a range of dining, shopping, and entertainment options at nearby Brandywine Crossing including a Target, Xscape Theatres 14, Safeway and Costco.  Extensive outdoor amenities including a resort-style pool with a tanning ledge, outdoor yoga space, grilling stations with a dining area and a convenient on-site dog park, allow for socializing and relaxing.

The property is conveniently located next to the Manassas Park Station of the Virginia Railway Express (VRE) providing direct access to downtown Washington, DC, and National Landing, future home to Amazon HQ2. Constructed in 2004, Manassas Yards features spacious floor plans, a swimming pool, game room, grill area, clubhouse, dog park and pet washing station, detached garage and storage, picnic area and business center.

Hopewell Road Industrial is a 60-acre site at the intersection of I-81 and I-70 in Hagerstown, MD. Penzance acquired the property off-market and plans to develop a cross-docked distribution facility with ample trailer parking, signage, and visibility designed to attract e-commerce, logistics, and manufacturing tenants in the proven I-81 industrial corridor, with its access to 50% of the nation’s population in an overnight drive. The project is shovel-ready with construction to commence once a tenant has been identified.

Penzance is currently under construction on Metro Logistics, a 140,000 SF industrial warehouse located in Prince George’s County, Maryland. This last mile location is situated approximately 5 minutes from Pennsylvania Avenue (Route 4) and 8 minutes to the Capital Beltway (I-495). The investment was acquired off-market in a supply constrained geography with significant mark-to-market opportunities. The project received permit approvals and construction commenced in June 2024. Substantial completion is projected in Q2 2025. Metro Logistics is anticipated to receive a LEED Gold Certification, which would be one of the first LEED Gold certified warehouses in the DMV Region. The development has also been structurally modified to allow for the future installation of solar panels.

The Pointe at New Town is located within the larger New Town Development, a 365-acre planned community featuring parks, shops and restaurants, a movie theater, office parks, single-family homes and condominiums, and a dedicated shuttle system. The property is comprised of 265 townhome units across 27 buildings, a clubhouse with fitness room and pool, and a shuttle stop offering access into New Town and historic Williamsburg.