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Meet The Company That Built An Office On Spec in Route 28

STERLING, VA—Phase I is 50% leased, Colliers' Keith Summers tells GlobeSt.com.

By Erika Morphy | Updated on December 16, 2015

STERLING, VA—Route 28 was a submarket in pain during and after the recession but one developer is confident enough in its long-term durability that it has built an office on spec here.

The LGV Group, a Northern Virginia based developer, built its first commercial building at 22365 Broderick Dr., last year and is now partially occupying it. Or rather, it is partially occupying the 37,096-square feet in Phase 1 of what is expected to be a 84,701-square foot office. There is another tenant as well, bringing Phase 1 to 50% occupancy. LGV Group has tapped Colliers International to lease out the remaining space and find tenants for Phase 2, which it is not building on spec.

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