Dulles Area Flex Park Pre-Sold at Ground Breaking

CHANTILLY, VA-Construction has gotten under way on the three-building Manekin @ Dulles South flex/industrial complex with new owners for the new single-story structures already in place. With the help of Transwestern Commercial Services, developer Manekin LLC was able to sell the buildings for a total of $12 million in advance of development.Manekin @ Dulles South occupies a 12-acre parcel off Route 50 in Fairfax County’s I-495 corridor. The three structures–designated as Building A, B, and C–account for 58,000 sf, 46,000 sf and 36,000 sf, respectively. About five companies bought up space in Building A, which is scheduled for delivery in August. A private investor bought Building B, and C&P Construction took on Building C; both structures are expected to reach completion in September. “The Northern Virginia market is picking up,” says Manekin senior developer Kevin Cawley. “It’s certainly a good sign to have 100% of our buildings sold out before construction even begins.” As per Advantis Real Estate Services Co.’s Year-End 2003 Flex-Industrial Report, the vacancy rate for flex space in all of Northern Virginia is 17.9%, while the figure in the I-495 corridor is 4.8%.