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Merritt Properties Expands Stafford County Footprint, Acquires 28 Acres for Light Industrial Business Park Merritt Properties Expands Stafford County Footprint, Acquires 28 Acres for Light Industrial Business Park Ashburn, VA, Jan. 25, 2021 Merritt Properties, a full-service commercial real estate developer with over 17 million square feet of space throughout Maryland, North Carolina and Virginia, has successfully closed and acquired 28 acres of land in Stafford County, Va. With historically low vacancy rates within its existing light industrial portfolio, as well as increasing demand for the product along the I-95 corridor south of Washington, DC, Merritt at Austin Ridge will be the developer’s second speculative, light industrial project in the market.  Construction is expected to begin this summer.

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