If it acquired Arcland's Shirlington Road acreage, the county would terminate its lease with Arcland, saving about 5.5 years of lease payments, or $4 million.

Both sites in the proposal are zoned for light industrial use. The proposal calls for a straightforward swap with no additional cash consideration.

County Manager Mark Schwartz has indicated he wants to move forward with the proposal and plans to seek the Board's approval to pursue negotiations with Arcland at the December meeting.

As for Arcland, if the deal goes through it plans to build a six-story, 150,000 square foot self-storage facility that would occupy 1.2 acres of the 2.3-acre parcel. Arcland would then provide the County with a long term lease for the remaining 1.1 acres on the site at below market rate.

The self-storage facility would be built to be compatible with the surrounding neighborhood and comply with light zoning regulations including setback and height restrictions.

“We are excited about the unique opportunity to bring a first-class self-storage project to north Arlington,” Noah Mehrkam, managing partner of Arcland said in the formal proposal submitted to the county. “From the county's standpoint it is likely a once-in-a-generation opportunity to trade 2.3 acres in exchange for the long-term use or ownership of 4.6 acres of extremely rare industrial zoned-property….”

The company has a number of self-storage facilities under construction throughout the area including in Washington DC on Kenilworth Avenue, NE, Gaithersburg, MD and Lorton and Manassas, VA.

ARLINGTON, VA–The Washington DC-based Arcland Property Co. hopes to build a self-storage facility on a site Arlington County has an option to purchase on North Quincy street.

The company submitted a formal proposal last month to exchange 3.5 acres it owns at 2631 Shirlington Rd. for 2.3 acres of three 6.1-acre site that consists of three parcels located between 1-66 and North 14th street, directly across the street from Washington-Lee High School.

The county signed an option to purchase those parcels in 2015 for $30 million from from three limited liability corporations controlled by Bill Buck and his family.

The 3.5-acre Shirlington parcel Arcland owns that it is proposing to exchange is partially leased by the county through 2023. Arlington uses 2.5 acres of the site to park its ART bus fleet, which is expected to grow to 90 vehicles from the current 65 by 2020.

If it acquired Arcland's Shirlington Road acreage, the county would terminate its lease with Arcland, saving about 5.5 years of lease payments, or $4 million.

Both sites in the proposal are zoned for light industrial use. The proposal calls for a straightforward swap with no additional cash consideration.

County Manager Mark Schwartz has indicated he wants to move forward with the proposal and plans to seek the Board's approval to pursue negotiations with Arcland at the December meeting.

As for Arcland, if the deal goes through it plans to build a six-story, 150,000 square foot self-storage facility that would occupy 1.2 acres of the 2.3-acre parcel. Arcland would then provide the County with a long term lease for the remaining 1.1 acres on the site at below market rate.

The self-storage facility would be built to be compatible with the surrounding neighborhood and comply with light zoning regulations including setback and height restrictions.

“We are excited about the unique opportunity to bring a first-class self-storage project to north Arlington,” Noah Mehrkam, managing partner of Arcland said in the formal proposal submitted to the county. “From the county's standpoint it is likely a once-in-a-generation opportunity to trade 2.3 acres in exchange for the long-term use or ownership of 4.6 acres of extremely rare industrial zoned-property….”

The company has a number of self-storage facilities under construction throughout the area including in Washington DC on Kenilworth Avenue, NE, Gaithersburg, MD and Lorton and Manassas, VA.