- September 28, 2015
- Press Releases
Merritt Properties Closes on 50-Acre Manassas Site
Merritt Properties announced today that it has closed on the purchase of a 49.55-acre site at 11900 Balls Ford Road in Manassas, Virginia. Merritt plans to develop the property to serve the increasing need for light-industrial/bulk space in the area.
Merritt’s I-66 Business Park is located at the intersection of Balls Ford Road & Groveton Road, along Interstate 66. With the first building scheduled for completion in the spring of 2016, the corporate park will offer up to 600,000 square feet in building sizes ranging from 30,600 square feet to 331,800 square feet.
"We are very excited to have Merritt developing this industrial park in Prince William County" said Jeff Kaczmarek, Executive Director of Prince William County Economic Development Department. "Merritt is a quality developer and this industrial park will be a great addition to Prince William County's economic development offerings. We look forward to working with Merritt to market this park."
This is Merritt’s first project in Prince William County, which offers access to 75% of Northern Virginia’s 1.1 million workforce within a short commute, according to the Department of Economic Development. Prince William County is also Virginia’s second largest and fourth fastest growing county, offering quick access to three major airports and seven commuter rail stops on two rail lines. Lower land costs plus an educated and affordable workforce contribute to higher returns on investment for business locations in the county.
“We are looking forward to developing in Prince William County,” said Michael Larkin, Team Leader of Merritt’s Virginia office. “With the strength of the workforce and tremendous access to transportation systems, this is not only a great opportunity for Merritt, but also for the companies who choose to locate to this new park.”
With the park’s location, size and design, the buildings at Merritt’s I-66 Business Park are ideal for a variety of industry sectors that have been recently showing interest in the area. These include life sciences, defense/federal agencies, advanced logistics and advanced manufacturing. Merritt Construction Services, the construction arm of Merritt Properties, will develop the project beginning this fall.
About Merritt Properties
As an established market leader with more than 45 years of experience and success, Merritt Properties has an unmatched reputation for our commitment to our customers and the communities we serve. With 16 million square feet in more than 70 locations, Merritt owns and manages the largest privately held commercial real estate portfolio in the Baltimore/Washington region.
About Merritt Construction Services
With a project portfolio of nearly 16 million square feet, Merritt has been providing site development, general construction, redevelopment and interior build-outs for more than 40 years. Whether serving as general contractor, construction manager or design-builder, Merritt Construction Services offers full-service construction capabilities through all phases of development, from feasibility to commissioning. Merritt’s highly skilled construction team has completed a comprehensive roster of customized projects, including corporate campuses, LEED-certified green buildings, schools, manufacturing facilities and retail centers.