Projects
6 Innovation Way, Newark DE
1450 Research Blvd, Rockville MD
• 45,000-sf complete gut renovation
• $210-psf office-to-lab conversion budget
• Leased three spec suites prior to delivery of building
• Brand new mechanical, electrical, and plumbing systems
City Garage, Baltimore, MD
• Purchased this 135,000-sf building in October 2021
• Business plan to lease 80,000 SF of imminent vacancy
• New 3,000-amp feed, 500 kw back-up generator, and common area amenities
• Have leased 40,000-sf since acquisition
704 Quince Orchard Dr, Rockville, MD
• $6 million renovation including four speculatively built laboratories
• The entire building was leased to life science companies in under 3 years
• Alexandria Real Estate Equities acquired the building three years post-purchase
• 40%+ Project Level IRR
19710 Observation Dr, Germantown, MD
• Co-GP with Minkoff Development on Montgomery College’s Germantown Campus
• Developed 140,000 SF building
• Signed a prelease with Hughes Network Systems Q1 2024
• Bridge Net Lease Fund LP Investor
1850 N. Gravers Rd, Plymouth Meeting, PA
• Purchased two buildings in a JV with Spaulding and Slye Investments in Q3 and Q4 2021
• Purchased for blended $115-psf and installed base building lab infrastructure upgrades
• All new electrical infrastructure for added reliability
• Currently marketing to multiple Philadelphia suburban tenants
910 Clopper Rd, Gaithersburg, MD
• 180,000-sf 2 story flex building in Gaithersburg
• Renovation and conversion to R&D labs
• Sold to Alexandria Real Estate Equities
