Weekly Real Estate News
The commercial real estate developer Merritt Properties has broken ground on Phase I of Austin Ridge Business Park in Stafford, Virginia.
According to the company, this phase will include two Class A light industrial buildings totaling 140,000 square feet. The buildings will feature clear heights of 20 to 32 feet, rear-loading docks, drive-in doors and truck courts ranging from 120 to 180 feet. The company added that its in-house design and construction teams can customize spaces to meet individual tenant requirements.
This is the first phase of a planned five-building development located along I-95 between Washington, DC, and Richmond.
“We’re excited to expand along the I-95 corridor as the Fredericksburg region continues to attract new businesses,” said Scott Longendyke, regional director in Merritt Properties’ Virginia office. “Stafford County has been a strong partner throughout our development efforts, and Austin Ridge will provide flexible, modern space where local and regional businesses can grow and succeed.”
