Stafford County, VA (October 31, 2019) – Merritt Properties, a full-service commercial real estate development company that was established in 1967 and now owns over 16 million square feet throughout Maryland and Virginia, has closed and acquired 15 acres at the Quantico Corporate Center in Stafford County, VA, located along I-95 south of the Washington, D.C. metro area. Following successful projects in Loudoun and Prince William counties, Merritt identified the I-95 corridor as its next growth market. The Merritt Business Park at Quantico Corporate Center will include two single-story flex/light industrial buildings, totaling 162,600 square feet.
With a lack of Class A light industrial product in the market, Merritt’s project is designed to cater to a diverse industry base, including government contractors, distribution centers, manufacturing and service providers. The site is located directly adjacent to the Marine Corps Base Quantico and offers a strong local workforce, access to transportation systems and an extensive fiber-optic network.
Developed by the Silver Companies of Fredericksburg, VA, the Quantico Corporate Center is located just 25 miles south of the Washington Capital Beltway along Interstate-95 and only 600 yards from the South Gate of Quantico Marine Corps Base. The campus is home to defense and technology companies, the US government, and academic programs offering both undergraduate and graduate-level degrees. Two hotels, and various amenities and restaurants makes QCC an attractive place for businesses to locate. The Class A flex style buildings that Merritt will be constructing will complement the existing Class A office product in the park
“We are very excited to have Merritt develop new speculative flex space, a significant investment in Stafford County,” said John Holden, Executive Director of Stafford County Economic Development & Tourism. “Merritt’s expertise in their product may attract more demand from outside of Stafford.”
Construction will be managed by Merritt Construction Services, the construction division of Merritt Companies. Pre-leasing is underway with the buildings scheduled to deliver in fall 2020.
Cameron Coleman of Coldwell Banker Commercial Elite represented Merritt Properties on the acquisition.
Release courtesy Merritt Properties