"With a 9% office vacancy rate, Manassas' and western PrinceWilliam County's skyrocketing corporate growth has made it thenation's third fastest-growing county for job creation," saysMichael J. Alter, the Alter Group president. "The area registered a5.1% increase during 2003 in a market that currently consists ofjust 2,600,000 SF of existing office and flex space."

Stone Bridge boasts an enviable and easily accessible locationoff Rte. 166, just 15 miles outside the Washington Beltway, andwithin close proximity to a bevy of bustling submarkets both inNorthern Virginia and in Maryland. The property is expected to bemarketed to users looking for build-to-suit spaces from 100,000 sfto 300,000 sf. Real estate services firm Grubb & Ellis Co. isin charge of leasing and is offering space at an asking price of$17 per sf.

"We're trying to land a large anchor tenant to kick offdevelopment," The Alter Group senior vice president Matthew A. Wardtells GlobeSt.com. In a prepared comment, senior vice presidentAndrew D. Klaff adds that the development will continue to add fuelto the County's economic progress, and will offer "growingcompanies in the Washington DC area first-class office space with awell-educated workforce in place and convenient to an existingamenity base."