X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

LOUDOUN, VA-Merritt Properties is set to deliver a $15 million build-to-suit industrial building in the Beaumeade Corporate Park, a flex/industrial park located on Route 28. Merritt Properties has master-planned 535,000 sf–or seven buildings–within this park. It began development on this building–its sixth in the park–this summer after it inked a 57,000-sf lease with Silver Eagle Group.

Silver Eagle Group is a provider of personal security services. The building will house 25-yard and 50-yard shooting ranges, a 22,000-sf multi-level scenario house, classroom and firing range. The scenario rooms and training arenas will be used primarily by military, security and law-enforcement agencies. Other tenants leasing Merritt properties in the Beaumeade Corporate Park are CACI, Liebert and Airbus

Originally the company came to Merritt to lease existing space, Ron Merritt, principal at the firm, tells GlobeSt.com. “But was not a cookie cutter deal, because of their specific security requirements.” Eventually the lease negotiations turned into a build-to-suit contract.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.