ASHBURN, VA—Capitalizing on the growth in Loudoun County--including the insatiable demand for data center facility space--Merritt Properties is building its fifth building here, on a speculative basis. Construction has begun on 20700 Loudoun County Pkwy, a 72,900-square-foot flex industrial building located across from One Loudoun.
The building will feature 20-foot clear ceiling heights with typical bay sizes of 2,700 and 3,300 square feet. It will be suitable for a wide variety of uses ranging from distribution to recreational, to medical care and educational. Merritt expects the project to deliver by January 2015.
The recent surge of data center demand and a lack of Class A flex product in Loudoun County were behind the decision to move forward with the project, Merritt said.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
