Transwestern today announces it represented Design Foundry in a 42,863-square-foot flex lease at 6500 Sheriff Road in Landover, Maryland. Transwestern Senior Associate Jason Sullivan, Vice President Jeff Groves and Senior Vice President Brian Watts represented the event design and décor company in the transaction. Building owner Exeter Property Group was represented in-house by Principal Scott Dougherty.
“The move will accommodate Design Foundry’s expanding operations while maintaining convenient access to its customer base in the Washington, D.C., area,” said Sullivan. “This property also provides Design Foundry both the office and warehouse storage space it needs to operate efficiently.”
Design Foundry previously occupied 1851 South Club Drive in Hyattsville, Maryland.
According to Transwestern research, the Suburban Maryland flex/industrial market was strong during the second quarter of 2016. Net absorption totaled positive 564,000 square feet, and the direct vacancy rate decreased by 20 basis points to 8.3 percent.
ABOUT DESIGN FOUNDRY
Our philosophy is simple: To provide fresh, creative designs for an ever-changing market with unrivaled in-house customization and an expanded inventory. Our team of designers, project managers, craftspeople, and artisans is now capable of realizing the most incredible scenic and decorative designs. We constantly strive to find new and innovative ways to create amazing results from high profile corporate and political events to more intimate social occasions such as weddings, mitzvahs, and private parties. If you can dream it, we can create it.
ABOUT TRANSWESTERN
Transwestern is a privately held real estate firm of collaborative entrepreneurs who deliver a higher level of personalized service – the Transwestern Experience. Specializing in Agency Leasing, Management, Tenant Advisory, Capital Markets, Research and Sustainability services, our fully integrated global enterprise adds value for investors, owners and occupiers of all commercial property types. We leverage market insights and operational expertise from members of the Transwestern family of companies specializing in development, real estate investment management and research. Transwestern has 34 U.S. offices and assists clients through more than 180 offices in 37 countries as part of a strategic alliance with BNP Paribas Real Estate. Experience Extraordinary at transwestern.com and @Transwestern. For updates from the Mid-Atlantic region, follow @TranswesternDC.
