Speculative 92,520 square foot flex/R&D buildings to be constructed immediately, and a second 98,880 square foot building to commence based on leasing pace at 80-acre business community

ASHBURN, VA – More than 100 attendees, including Loudoun County political leaders, economic development officials, commercial real estate brokerage professionals, and local business leaders, joined St. John Properties, Inc. to celebrate the groundbreaking for the final phase of Ashburn Crossing. Ashburn Crossing is an 80-acre mixed-use business community located at the intersection of Gloucester Parkway (VA Route 28) and Loudoun County Parkway (VA Route 607) in Ashburn, Virginia. With the construction of new flex/R&D buildings in Northern Virginia a rare occurrence of late, the gathering celebrated the uniqueness of the new buildings. St. John Properties, a national commercial real estate development and management company, is proceeding immediately on speculative development of a 92,520 square foot flex/R&D building at 21265 Ashburn Crossing Drive, with delivery scheduled for early 2026.

The developer further revealed its intentions at the event to initiate activity on a second 98,880 square foot speculative building at 21205 Ashburn Crossing Drive, in anticipation of demand based on the leasing pace of adjacent buildings by St. John Properties. At final build-out, Ashburn Crossing will include 11 buildings totaling nearly 550,000 square feet of commercial space, as well as a retail pad site designated for a convenience store.

“These buildings are the workhorse of our community, creating jobs and stimulating the local economy”

“Over the past few decades, Loudoun County residents and businesses are accustomed to seeing our buildings sprout up, and they are vital to the local economy because they provide homes to companies, generate jobs, and grow and diversify the tax base, which supports our entire community,” explained Matt Holbrook, Regional Partner for St. John Properties, referring to the multiple flex/R&D buildings visible from Loudoun County Parkway. “Even though Ashburn Crossing is situated in the data center epicenter, we have resisted selling out to these uses because we believe that long-term, this land is better suited for our signature commercial real estate product. Our philosophy is to anticipate the needs of our current and future clients, and stay ahead of leasing demand. These single-story commercial flex/R&D buildings are designed to meet the varied needs of multiple industry sectors.

“Ashburn Crossing is thriving and among the top performing business communities in the company’s more than 24 million square foot national portfolio. The timing is right to proceed on the final phase of this development based on our leasing momentum,” Holbrook added. “St. John Properties entered the Northern Virginia market 23 years ago, has since developed 23 buildings here, and we proudly serve the commercial real estate needs of 170 local tenants. We are immersed in the Loudoun County and Northern Virginia community and continue to aggressively search for new opportunities to develop our signature flex/R&D product. Nationally, our company develops more than one million square feet of space annually.”    

Loudoun County officials universally praise next phase of Ashburn Crossing

Loudoun County economic development officials and business leaders praised St. John Properties for its continued investment in the region, while providing commercial real estate product which creates jobs and helps retain businesses in the local area.

“St. John Properties has been absolutely critical to the success and continued economic health of Loudoun County because its commercial product provides much-needed diversity,” explained Colleen Kardasz, Assistant Director, Loudoun County Economic Development. “It is extremely important to support homegrown and entrepreneurial-driven companies, and the space St. John Properties develops provides homes for these businesses. We sometimes forget how special these companies are, how much they contribute to the local economy, and how vital a diverse economic environment supports the entire region.”

“Matt Holbrook, St. John Properties, flex/R&D product – that says it all,” said Ashburn District Supervisor Michael Turner. “The region sorely needs a continued influx of flex/R&D space to serve the real estate requirements, and St. John Properties is among the few local companies specializing in flexible space. Ashburn Crossing is only three percent vacant and it is a no-brainer for the company to develop additional buildings.”

“The two best parts of my job are attending groundbreakings and, subsequently, ribbon-cuttings and the Loudoun County Chamber of Commerce appreciates the incredible investment St. John Properties makes in our region,” stated Tony Howard, President and CEO of the Loudoun Chamber. “When you can incubate a company at its founding, you have an easier time retaining the organization locally as it expands, and this new space provides opportunities for young organizations to gain its footing and grow.”

“When we began Ashburn Crossing in 2003, Loudoun County Parkway didn’t even exist, the narrow road was made of gravel and the Internet backbone was recently installed,” Holbrook added. “We sold some land to Erickson Senior Living, which built the 1,700-resident Ashby Ponds. Erickson provides a tremendously important product to Loudoun County residents, and we have a long history of working closely together.”

“The vacancy for flex/office space in Loudoun County is approximately one percent, which is an all-time low, and we have tremendous confidence in proceeding with Phase V of Ashburn Crossing.” Holbrook added. “Flex buildings are great for nearly any sized company and with a daytime employee population, attract higher quality retail uses to business communities.”

Ashburn Crossing is less than three miles to both the Loudoun Gateway and Ashburn Silver Line Metro Stations, with Dulles International Airport four miles south and the Capital Beltway 14 miles east. The shops and restaurants at One Loudoun are immediately adjacent to the business community, the Dulles Toll Road (VA Route 267) is less than three miles away and Washington, D.C. can be accessed in approximately 30 minutes. Tenants currently leasing space within Ashburn Crossing include CIS Secure, CPG, Power Solutions, and the U.S. Federal Aviation Administration.

“It takes years and incredible hard work to bring a project like Ashburn Crossing to reality, and it doesn’t happen by accident. Everyone’s contribution is greatly appreciated,” Holbrook said.    

Founded in 1971, St. John Properties, Inc. is one of the nation’s largest and most successful privately held commercial real estate firms. The company is distinguished by its commitment to customer service, achievements in green building, and top-rated workplace culture. Throughout St. John Properties’ 53-year history, the company has developed more than 24 million square feet of flex/R&D, office, retail, and warehouse space and has investments in over 3,000 residential units. The company proudly serves more than 2,600 clients in Colorado, Florida, Louisiana, Maryland, Nevada, North Carolina, Pennsylvania, Texas, Virginia, Utah, and Wisconsin. For more information about the company, visit www.sjpi.com.