National Capital Business Park

Turnbridge acquired this 442-acre property in Prince George’s County, MD, with co-developer, Manekin, in December 2020. Located only five miles from the Capital Beltway in suburban Washington, DC, the property is one of few remaining large tracts of undeveloped land that can accommodate Class A last-mile industrial development. Turnbridge recapitalized Phase I of National Capital Business Park, consisting of 1.3 million square feet of warehouse space across five buildings, in a joint venture of PCCP and QIA in May 2023 and anticipates delivering the first buildings in late-2024.  Phase II, consisting of an additional 1.5 million square feet, including cold storage and cross dock warehouse space, is expected to commence construction in 2025.

Queens Court & Prince Georges Boulevard
Upper Marlboro, MD
Capital Beltway / Prince George's County
Asset Class
Industrial Land
Last Mile Industrial
442 acres
3.1 million SF
Date Acquired
December 2020
Date Sold
Currently owned by Turnbridge