ASHBURN, VA—Capitalizing on the growth in Loudoun County--including the insatiable demand for data center facility space--Merritt Properties is building its fifth building here, on a speculative basis. Construction has begun on 20700 Loudoun County Pkwy, a 72,900-square-foot flex industrial building located across from One Loudoun.
The building will feature 20-foot clear ceiling heights with typical bay sizes of 2,700 and 3,300 square feet. It will be suitable for a wide variety of uses ranging from distribution to recreational, to medical care and educational. Merritt expects the project to deliver by January 2015.
The recent surge of data center demand and a lack of Class A flex product in Loudoun County were behind the decision to move forward with the project, Merritt said.
Vacancy rates in the submarket's light industrial market have dropped to 12% from a high of 25% over the past four years.
This building is modeled after Beaumeade Corporate Park, a six-building flex industrial business park, totaling 472,913 square feet on Guilford Dr.
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