LANHAM, MD- Jackson-Shaw will begin development on Andrews Federal Campus, now that it has gotten an equity infusion from Phoenix Capital Partners and has secured its first occupant. The latter is the federal government, which last week purchased 12 acres at the campus; an 80-acre business park located five miles from Washington, DC at the intersection of Suitland Parkway and the Capital Beltway here.

The building, once developed, will house a function of the Architect of the Capitol, Tom Aylward, vice president of development with Jackson-Shaw, tells GlobeSt.com. Beyond that, the agency’s plans for the land are not clear--it still must go through the normal channels for requesting funds for the development and so on, says Aylward. “I can tell you that according to zoning regulations for the park, 12 acres will support a building in the neighborhood of 120,000 square feet.

The park itself, at full build out, will support up to one million square feet of development for a total of $100 million. Jackson-Shaw is beginning the initial construction work with a $15 million capitalization. It will clear and grade the site and add roads, utilities and a new access point at Forestville Road. 

While initial capitalization for the development is $15 million, the company anticipates its total investment will be approximately $100 million. The site’s appeal is its proximity to the Joint Base Andrews, which is benefiting from BRAC as well as general military activities. Joint Base Andrews generates $2 billion annually, notes Jim Estepp, president and CEO of the Andrews Business and Community Alliance. Andrews Federal Campus is being developed for companies who are supporting industry, jobs or creating products and technology that require a nontraditional warehouse setting.

 

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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.