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CHANTILLY, VA-A newly acquired approximately 40-acre parcel at Willard Road and Route 28 will become the new home of the Long & Foster Cos. The independently owned real estate company–which engages in residential and commercial real estate activities, as well as residential mortgage and insurance services–will develop a new 280,000-sf corporate headquarters building to house its support staff of 350 employees.

Long & Foster’s impending relocation will give the organization a significant amount of elbow room and room for growth, as its current digs on Random Hills Road in Fairfax offer only 81,000 sf of office space. Until the company reaches the point where the entire five-story structure is needed, it will lease out the extra office space to outside companies. And businesses seeking office space in the Fairfax County area in the future will ultimately have even more options, courtesy of Long & Foster.

“There is enough space for one million sf of office development,” a Long & Foster spokesperson tells GlobeSt.com. However, further details of such plans–which will be spearheaded by P. Wesley Foster Jr., CEO and chairman of the board of Long & Foster, as well as chairman and founder of Long & Foster Real Estate Inc.–have not yet been conceived.

Plans for the new headquarters building are still in the early stages, the spokesperson says, with architects currently working on the design. Given the premature stage of the project, no firm development cost has yet been attached to it. However, education funding provider Sallie Mae completed its 240,000-sf headquarters in Reston, a nearby city also in Fairfax County, for $42 million last year.

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