JLL will take the acreage to market in early March. The actual bid date has not been set yet.

There will certainly be a wide range of bidders, including groups that want to develop an office park, hold the land for long-term speculation or buy it to develop data centers. Loudoun County is, after all, a major data center locale.

The sale should close by mid year, no later than September, Levy said.

Mark Levy

LOUDOUN, VA–An investor partnership led by Jay Taustin is making a 260-acre land parcel available for bidding next month. The land is immediately adjacent to the planned WMATA Loudoun Gateway Metro Station and zoned PDOP (Planned Development Office Park), which means it can accommodate a wide variety of potential uses. JLL was tapped to handle the sale.

The bidding is expected to be intense and possibly include foreign investors as JLL is calling in its global sources to market the property, according to JLL Managing Director Mark Levy. “It is very rare that 260 acres at a metro-adjacent site comes to market,” he tells GlobeSt.com. “This is the largest parcel of undeveloped land next to the Silver Line.”

Levy said he expects the parcel to trade for north of $100 million.

There are no realistic comps for comparison. “There have been some metro-adjacent land sales but nothing of this size,” Levy says. “This will be a bellwether sale. This property sale will dictate what the values will be for these type of developments going forward.”

JLL will take the acreage to market in early March. The actual bid date has not been set yet.

There will certainly be a wide range of bidders, including groups that want to develop an office park, hold the land for long-term speculation or buy it to develop data centers. Loudoun County is, after all, a major data center locale.

The sale should close by mid year, no later than September, Levy said.