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North Stafford about to experience a building boom
Date published: 11/18/2010
BY BILL FREEHLING
North Stafford is on the verge of a commercial real estate building boom, much of which is focused on government contracting.
Numerous projects along U.S. 1 and Garrisonville Road are in the works, and many have already started. Much of the momentum appears due to growth at the Quantico Marine Corps Base and the 3,000 new BRAC jobs coming next year to a 719,000-square-foot facility going up on Telegraph Road.
"We're starting to fire on all cylinders," said Tim Baroody, Stafford county's director of economic development. He attributed some of it to pro-business moves by the county's Board of Supervisors and said the projects will create hundreds of jobs.
Here are some projects that are in the works:
Patricio Enterprises, a defense contractor now in leased office space in Stafford, late last month bought two acres from the Silver Cos. at the Quantico Corporate Center for $1.75 million. Patricio plans to build its corporate headquarters there and hopes to be in the three-floor, 30,000-square-foot building by December 2011. Patricio plans to occupy about half of the building with about 60 employees and lease the rest.
The Silver Cos., which is developing the QCC off U.S. 1, is reportedly close to finalizing a lease that would allow the company to obtain financing for a third 140,000-square-foot office building at the center. This summer, Silver sold the first two 140,000-square-foot buildings at QCC to Washington Real Estate Investment Trust for $68 million.
Wack General Contractor is working on plans to construct a 104,000-square-foot office building at the North Stafford Center for Business and Technology, which is off Garrisonville Road. It will be built to Anti-Terrorism/Force Protection standards, a first for Stafford. The Navy will probably lease more than half of the space.
Wack is also the general contractor on the renovation of Liberty Lanes on Greenspring Drive off Garrisonville. The building is being transformed from a bowling alley to commercial space that will be used by the Drug Enforcement Administration and perhaps others.