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Buchanan Starts on Dulles Trade Center

DULLES, VA-Ground has been broken on a 105,400-sf, single-story building that will be part of an office park planned for 560,000 sf on a 57-acre parcel here.

By Marlon Millner | Updated on October 23, 2001

DULLES, VA-Buchanan Partners has broken ground on a 105,400-sf, single-story office building here. The building is expected to be completed during the first quarter of 2002. In a statement, Buchanan Partners said Bank of America provided construction financing and Great Point Investors of Boston arranged equity financing.

The building is part of Dulles Trade Center I, a 57-acre parcel on Route 606 north of the Washington Dulles International Airport. Commercial Realty Group represents Buchanan in leasing Dulles Trade Center I, which will comprise of 560,000 sf. Oddly enough, Buchanan, a developer based in Gaithersburg, MD, sited the recent September 11 terrorist attacks as motivation for this project. “While Reagan National and Baltimore-Washington International airports are somewhat restricted, Dulles has driven much of the recent growth in Fairfax, Loudoun, Price William counties,” said principal partner Bob Buchanan, adding, “In the post-September 11th economy, Dulles Airport takes on increased regional and national prominence. For this reason, we feel the time is right to begin development of our land parcel.”

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