Merritt Properties wins Best Industrial/Flex Real Estate deal of 2008

The Washington Business Journal has named Merritt Properties the winner of its Best Real Estate deals of 2008 in the Industrial/Flex category. The company was recognized for its work on the MVM Inc./Silver Eagle Group training facility and gun club at Beaumeade Corporate Park in Ashburn, Va.

Silver Eagle, formed by MVM, is one of the largest private personal security providers in the country. Its 60,000-square foot gun club in Ashburn was conceived to include a defense training facility, gun range and luxury private club.

The project, valued at $30.6 million, was completed in just over four months. The 74,530-square-foot property includes two shooting ranges, a 22,000-square-foot multilevel scenario house, a classroom and a full firing range. The remaining 25,000 square feet will be used for an affiliate of Silver Eagle Group.

To meet Silver Eagle’s tight time frame, Merritt had to overcome delays in zoning exceptions and site plan amendments. The company also worked closely with Silver Eagle and M Group Architecture to incorporate the unique design features required by each training area.

In addition, Merritt maintained a focus on environmental sustainability that included green-label carpeting, energy-efficient lighting, a management system for heating and air conditioning and recycled concrete. The new club produced 120 new jobs in Loudoun County.

About Merritt Properties
As an established market leader with more than 40 years of experience and success, Merritt Properties has an unmatched reputation for our commitment to our customers and the communities we serve. With early 15 million square feet in more than 70 locations, Merritt owns and manages the largest privately held commercial real estate portfolio in the Baltimore/Washington area.

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