[STAFFORD, VIRGINIA] – Merritt at Austin Ridge will offer five single-story buildings ranging from 54,500 to 113,775 square feet, totaling 390,075 square feet of new flex light industrial space in Stafford County. Located at Interstate-95 Exit 140 (Courthouse Road), the new business park represents Merritt’s second “spec” investment along Stafford’s I-95 corridor.
Merritt Properties, a successful, full-service commercial real estate developer with over 17 million square feet of space throughout Maryland, North Carolina and Virginia, has successfully closed and acquired 28 acres of land to develop the new business park.
“With their expanded business footprint in Stafford County, Merritt quickly adds to the available inventory for our growing light industrial, distribution, and tech manufacturing space,” stated John Holden, Director for Stafford County Economic Development and Tourism. “This inventory will allow us to capture the growing interest and demand for tech-based targeted businesses in Stafford.”
Plans for the new flex warehouse space offers a mix of clear heights ranging from 18-32 feet, traditional rear-loaded docks, drive-in capabilities, I-95 visibility, and free surface parking. This development mix is slated to break ground in summer of 2021, will spur economic growth in the area, and attract a diverse palette of business prospects for the community.
“Merritt Properties again confirms their confidence in Stafford County’s location, workforce, and value for commercial investment,” stated Supervisor Gary Snellings, Hartwood District. “We look forward to continuing Merritt’s record of success as we welcome new businesses, professional services, and commercial enterprise to the new Merritt at Austin Ridge park.”
In 2020, Merritt broke ground on Merritt Business Park at the Quantico Corporate Center, a two-building flex/light industrial project totaling 171,000 square feet. Merritt’s strategic locations provide strong advantages for our local workforce, accessibility, and the market. Both parks are designed to cater to a diverse industry base, including government contractors, distribution centers, manufacturing, and service providers.
“Merritt is pleased to expand our footprint in Stafford County,” said Scott Longendyke of Merritt’s Virginia office. “The county’s thoughtful approach toward economic growth and infrastructure has positioned the area to attract and retain key business categories that are prime for expansion.”