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DULLES, VA-The first structure in developer Buchanan Partners’ 57-acre Dulles Trade Center I has reached completion and will be ready for occupancy early next year. The property is located off Rte. 606 near the Washington Dulles International Airport. Already, several future occupants have claimed one-half of the 105,400-sf building. Spaces in the condominium/flex property ranging from about 3,950 sf to 30,000 sf are being sold through Commercial Group Realty Inc. for $102.50 to $105 per-sf.

“Sales to users have stayed very strong in the Dulles market, as lease rates for flex properties have not dropped–interest rates have,” Commercial Group’s David E. Gunter tells GlobeSt.com. “Availability of industrial products for user purchases has remained scarce.” Pinpointing a growing void brought on by the increasing prominence of Dulles Airport, Buchanan began the development of Dulles Trade Center I in October 2001. The company will ultimately build seven more variously-sized buildings, totaling as much as 560,000 sf.

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