Monday, February 1, 2010

Founder of Merritt Properties Dies at 79

“The founder and chairman of Merritt Properties — a major player in the Loudoun County real estate landscape — died Jan. 25. Leroy Merritt, 79, founded Merritt Properties LLC in 1967 and later expanded the company to operate Merritt Athletic Clubs, a string of fitness centers in Greater Baltimore. The firm’s portfolio includes about two dozen office, flex and industrial properties that dot the Ashburn and Sterling areas of Loudoun County. Its main concentration is in Greater Baltimore, where it is the largest property management firm with a portfolio of 13.8 million square feet of managed space. ‘His commitment to forthright business dealings was matched by a generosity of spirit and a passion for helping those in need,’ said a statement from Merritt Properties. ‘Under his stewardship, Merritt Properties became one of the most altruistic companies in the region, a tradition that continues to this day.’ Merritt stepped down from day-to-day management of the company in 1997 but remained chairman of the company. The company is led by President Scott Dorsey and Vice President Robb Merritt, the son of Leroy Merritt.”

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