Merritt Buys Land in Northern Virginia, Plans Spec Industrial Development

STAFFORD, VA. — Merritt Properties has purchased 28 acres in Stafford with plans to develop Merritt at Austin Ridge, an industrial campus featuring five light industrial buildings spanning 54,500 to 113,775 square feet each. The Ashburn, Va.-based developer expects to break ground on the project in the third quarter as site plans are still being finalized. The park is expected to offer clear heights from 18 to 32 feet, as well as rear-loaded docks, drive-in capabilities, Interstate 95 visibility and free surface parking.

Preleasing is underway, and Merritt expects to deliver the property during the second quarter of 2022. Merritt Construction Services, the construction division of Merritt Cos., will manage the project’s construction. Merritt at Austin Ridge will be the developer’s second spec project in Stafford County, joining Merritt Business Park at Quantico Corporate Center that broke ground in October 2020.

Content Partners
‣ Arbor Realty Trust
‣ Bohler
‣ Lee & Associates
‣ Lument
‣ NAI Global
‣ Northmarq
‣ Walker & Dunlop

Subscribe to the newsletter

Webinars on Demand

Read the Digital Editions

Northeast Multifamily & Affordable Housing Business

Midwest Multifamily & Affordable Housing Business

Western Multifamily & Affordable Housing Business

Texas Multifamily & Affordable Housing Business

Southeast Multifamily & Affordable Housing Business

Heartland Real Estate Business

Northeast Real Estate Business

Southeast Real Estate Business

Texas Real Estate Business

Western Real Estate Business

Shopping Center Business

California Centers

Student Housing Business

Seniors Housing Business

Featured Properties