(Stafford County, Virginia)Merritt Properties, a full-service commercial real estate development company with 17 million square feet throughout Maryland, Virginia and North Carolina, has broken ground on the first of two flex/light industrial buildings that will comprise Merritt Business Park at Quantico Corporate Center.  The park is strategically located adjacent to the Marine Corps Base Quantico, along I-95 between Richmond and Washington, D.C., in Stafford County, VA.
Once fully developed, Merritt Business Park will total 171,000 square feet of single-story, 18-foot clear space. The first 90,000-square-foot building is scheduled to deliver by Q2 2021 and is now pre-leasing.
Merritt identified Stafford County as its next growth market following successful projects in Loudoun and Prince William counties. With a lack of Class A light industrial product in the market and an extensive fiber-optic network, Merritt’s project is designed to cater to a diverse industry base, including government contractors, distribution centers, manufacturing and service providers.
“We are proud that Merritt Properties has chosen to invest in Stafford County,” remarked Meg Bohmke, Chairman of the Stafford County Board of Supervisors. “The addition of flex commercial buildings offers start-ups and growing companies a state-of-the-art industrial/flex space with the advanced technology and amenities available in Quantico Corporate Center.” “We look forward to Merritt’s success and expansion,” added Griffis-Widewater District Supervisor Tinesha Allen.

Merritt’s site is located within Quantico Corporate Center (QCC), the region’s premiere Class A business park. The campus is home to leading defense and technology companies, the US government and top academic programs offering both undergraduate and graduate-level degrees. Two hotels, various amenities and restaurants, including the popular Globe & Laurel restaurant, makes QCC an attractive place for businesses to locate. The Class A flex-style buildings that Merritt will be constructing will complement the existing Class A office product in the park.
Construction will be managed by Merritt Construction Services, the construction division of Merritt Companies. Coldwell Banker Commercial Elite has been retained to assist with the leasing effort.

About Merritt Properties
Established in 1967, Merritt Properties owns the largest privately held commercial real estate portfolio in the region, with 17 million square feet of Class A office, flex, warehouse, industrial, retail and build-to-suit throughout Maryland, North Carolina and Virginia. Capabilities include leasing, property development and management, and financing. Merritt Properties is committed to “Creating Homes for Businesses” and providing the highest quality service to its customers. For more information, visit www.merrittproperties.com .