Flex Office Space Under Construction in Dumfries
– October 19, 2012 12:30 pm
POTOMAC COMMUNITIES BUSINESS
DUMFRIES, Va. – Construction is underway on one of the only new flex office spaces in the area.
Interstate Drive is the only office space of its kind within two miles of Quantico and will be marketed to cyber security, intelligence firms as the building will be built to the latest Department of Defense security requirements. The building will sit on Interstate Drive, just off U.S. 1 in Dumfries and will be seen from I-95.
“The Quantico market from 234 down to 610 does not have any flex-type buildings at all… and that’s been a longtime need that both Quantico, DoD, and event defense contractors…” said I-95 Business Parks Director of Leasing Traci Morris Cole.
Other flex office spaces sit at Crown Court in Woodbridge, where a recent economic development showcase was held, and in southern Stafford County.
The building will offer 135,000 square feet of space and look similar to it’s counterpart on Crown Court, which is also owned by I-95 Business Parks, and will be completed in October 2013. Cole expects to market the building to a single tenant, but the space can hold up to four tenants, she said.
The leasing company says larger companies should consider this new office space as an option now, while smaller users can typically wait six to nine months prior to the opening of the building.
The leasing structure for tenants will be a triple net lease where occupants pay a common maintenance fee. Office space here is expected to range between $18 and $22 per square foot.