Options not bleak for Exxon Mobil campus re-use
June 7, 2012
By: Daniel J. Sernovitz

Alarm bells tend to go off any time a company decides to uproot and shed 1.5 million square feet of space, as Exxon Mobil Corp. announced it will do with its Merrifield campus in Fairfax County.

The company is planning to shift about 2,100 employees to a consolidated campus in Houston starting in 2014 and finishing a year later. ...

... While the loss of more than 2,000 jobs is a tough blow for the region, real estate broker Bill Quinby said it could also present some opportunities for Fairfax County and Northern Virginia to market itself to potential corporate headquarters seeking space i the area. Quinby, executive vice president and branch manager at Studley Inc., said there are very few corporate campuses like Exxon's available in the region.

"As an asset to attract another company, I think it's a great thing," Quinby said. "Sometimes, real estate drives things that you wouldn't think it does."

Quinby said the property could attract a wide range of users, including health care and government contracting firms. With additional flexibility from Fairfax County, there is also the potential for it to be converted into workforce housing for employers already in the area.

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