Baltimore-based Merritt's site is a 24-acre parcel acquired from Intertech Corp., a New York-based real estate development and investment firm that is constructing the complex.
The sale price on the parcel was not disclosed and Merritt officials were not immediately available for comment.
The land is part of a 277-acre property--Ashbrook--located in eastern Loudon County. It is a zoned for mixed use, and plans call for 800 homes, a 225,000 sf retail center and up to two million sf of office space.
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