{"id":1004166025,"date":"2017-02-06T05:42:29","date_gmt":"2017-02-06T13:42:29","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004166025"},"modified":"2017-02-07T07:38:53","modified_gmt":"2017-02-07T15:38:53","slug":"jll-lands-landmark-assignment-in-northern-virginia","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/jll-lands-landmark-assignment-in-northern-virginia\/","title":{"rendered":"JLL Lands &#8220;Dream&#8221; Assignment in Northern Virginia"},"content":{"rendered":"<p>By Barbra Murray, Contributing Editor<\/p>\n<div id=\"attachment_1004166060\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/02\/Mark-Levy-JLL1.jpg\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004166060\" data-attachment-id=\"1004166060\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/jll-lands-landmark-assignment-in-northern-virginia\/mark-levy-jll-2\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/02\/Mark-Levy-JLL1.jpg\" data-orig-size=\"552,414\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"Mark Levy, JLL\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Mark Levy, JLL&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/02\/Mark-Levy-JLL1.jpg?w=552\" class=\"size-medium wp-image-1004166060\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/02\/Mark-Levy-JLL1.jpg\" alt=\"Mark Levy, JLL\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/02\/Mark-Levy-JLL1.jpg 552w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/02\/Mark-Levy-JLL1.jpg?resize=300,225 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004166060\" class=\"wp-caption-text\">Mark Levy, JLL<\/p><\/div>\n<p><strong>Washington<\/strong>\u2014A developer\u2019s dream just became available in suburban Washington, D.C., and commercial real estate services firm JLL has been charged with spearheading the marketing and sale process. An ownership\u00a0partnership headed by successful Eastern Maryland entrepreneur Jay Taustin selected JLL to find a buyer for more than 260 acres of land adjacent to the under-construction WMATA Loudoun Gateway Metro Station in Northern Virginia. The land, located in Loudoun County near Dulles International Airport, could fetch as much as $100 million, according to an industry source.<\/p>\n<p>Selling a 260-acre site in pieces is one thing, but securing a single buyer for such a sizeable parcel is something else altogether; it\u2019s not for the faint of heart. \u201cWe were looking for a highly experienced, collaborative team who would reach the largest possible pool of buyers,\u201d Tustin said in a prepared statement. \u201cCombined with their global reach and expertise, JLL is the best fit to help us maximize our investment.\u201d<\/p>\n<p>It\u2019s a silver opportunity, so to speak, as the Loudoun Gateway Station is part of the second phase of the Dulles Corridor Metrorail Project\u2019s highly anticipated, 23-mile Silver Line extension. \u201cThis is the largest single development tract located directly adjacent to a Metro stop in the Washington, D.C., region,\u201d Mark Levy, managing director with JLL, told <em>Commercial Property Executive<\/em>. \u201cThis property offers an unprecedented development opportunity which offers a potential wide range of product mix including office, data center and ancillary retail.\u201d<\/p>\n<p>Office conditions are sunny in the Loudoun area, which JLL deemed a rising submarket in a fourth quarter report. And Northern Virginia continued to lead the U.S. data center market, recording more positive absorption that any other data hub in the country during the first half of 2016. Regardless the property mix, the for-sale site\u2019s location along the new Silver Line positions it for success. \u201cIn addition to broadening reach to Dulles Airport, [the Silver Line] will allow Loudoun County to connect to the regional labor force and draw new business to the market,\u201d Levy added. The proof is in the pudding. Per the JLL report, tenants continue to relocate and expand along the Silver Line Corridor, while non-Metro accessible submarkets have struggled.<\/p>\n<p><em>Image courtesy of JLL<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The large land parcel in Loudoun County near Dulles International Airport could fetch as much as $100 million.<\/p>\n","protected":false},"author":873,"featured_media":1004166060,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21782,21808,11,21742,1615],"tags":[32796,33847,33846],"class_list":["post-1004166025","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-development","category-featured","category-midatlantic","category-latest","category-washington-dc","tag-jll","tag-loudoun-county","tag-mark-levy"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>JLL Lands &quot;Dream&quot; Assignment in Northern Virginia - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/jll-lands-landmark-assignment-in-northern-virginia\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"JLL Lands &quot;Dream&quot; Assignment in Northern Virginia\" \/>\n<meta property=\"og:description\" content=\"The large land parcel in Loudoun County near Dulles International Airport could fetch as much as $100 million.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/jll-lands-landmark-assignment-in-northern-virginia\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2017-02-06T13:42:29+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2017-02-07T15:38:53+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/02\/Mark-Levy-JLL1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"552\" \/>\n\t<meta property=\"og:image:height\" content=\"414\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/jll-lands-landmark-assignment-in-northern-virginia\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/jll-lands-landmark-assignment-in-northern-virginia\\\/\"},\"author\":{\"name\":\"\",\"@id\":\"\"},\"headline\":\"JLL Lands &#8220;Dream&#8221; 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