Six of the tenants are credit rated and appreciate Stafford Commerce Center's proximity to the Marine Corps Base Quantico, Grubb & Ellis broker Brian MacDonald tells GlobeSt.com.
MacDonald, along with Eric Berkman, Steve Gichner, Juliana Ko and Ashley Blum, represented the seller. "Five thousand jobs are moving to the base as a result of the [Base Realignment and Closure] process, bringing to a total of 18,000 jobs there. This is fueling demand for office space."
The typical tenants at the park are defense contractors working with government agencies such as the FBI, he says. The six credit-rated tenants account for 58% of the leased space, MacDonald added.
There are also two additional building under construction at the park, which is still owned by Garrett.
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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.
