Microsoft Corp. has closed on deal to purchase 332 acres on the west side of Leesburg Executive Airport from the Petersen Companies.
The Compass Creek property, just south of Leesburg’s municipal boundary, is a 550-acre tract approved for construction of 2.5 million square feet of office space, 550,000 square feet of retail development, 300,000 square feet of flex-industrial uses and a hotel. Already approved on the property is the 100,000-square-foot center ION International Training Center, which is under construction, and a Super Wal-Mart.
The sale was valued at nearly $73 million.
“I’m very excited that Microsoft has made this commitment to Loudoun County. Loudoun continues to evolve as a technology location, and I’m very confident this will be a very successful campus for the future of one of the world’s great companies,” Loudoun’s Executive Director of Economic Development Buddy Rizer said.