Loudoun Business

July 11, 2007

Buchanan Invests $1.2 Billion

"Buchanan Partners is investing $1.2 billion in projects on the Dulles Loop, an 18-mile stretch surrounding Dulles Airport bound by Route 28 on the east, Route 50 on the south, and Route 606 on the west and north. The development company's first four projects were valued at roughly $167 million and its forthcoming Arcola Center is valued at roughly $1 billion. For the overall loop, Buchanan executives envision high-quality commercial development of industrial, light industrial, flex office, and outside storage, said the company's vice president of project development, Russ Gestl."