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Waterford to Develop 50-Acre Industrial Campus

RESTON, VA—Waterford expects development costs to run between $130 million to $150 million including the cost of the land.

By Erika Morphy | Updated on December 08, 2006

(To read more on the industrial market, click here.)

RESTON, VA—Waterford Commercial Development has acquired 50.6 acres in Prince William County. The company will develop a 640,000-sf campus there, consisting of office and industrial/flex buildings.

Waterford just acquired the land in partnership with RER Equities Inc. and Bouwfonds Property Finance. Developments costs, including the land acquisition price, are expected to be $130 million to $150 million, depending on the final scope of the project, President Chris Ciliberti tells GlobeSt.com.

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