ASHBURN, VA—Capitalizing on the growth in LoudounCounty--including the insatiable demand for data center facilityspace--Merritt Properties is building its fifthbuilding here, on a speculative basis. Construction has begun on20700 Loudoun County Pkwy, a 72,900-square-footflex industrial building located across from One Loudoun.
The building will feature 20-foot clear ceiling heights withtypical bay sizes of 2,700 and 3,300 square feet. It will besuitable for a wide variety of uses ranging from distribution torecreational, to medical care and educational. Merritt expects theproject to deliver by January 2015.
The recent surge of data center demand and a lack of Class Aflex product in Loudoun County were behind the decision to moveforward with the project, Merritt said.
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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.
