Government contracting company attracted to building based on walking-distance proximity to Centers for Medicare & Medicaid Services complex in Windsor Mill
Knott Realty Group has executed a 25,792 square foot lease at the recently-completed building within Rolling Run Technology Park. Situated on 2270 Rolling Run Drive, this represents the inaugural lease in the single-story 58,000 square foot speculative Class “A” office building and is a relocation and expansion for the tenant that is engaged in government contracting work. More than 100 employees are expected to occupy the newly-leased space, bringing the building to a 44% occupancy rate just two months after construction was completed.
Taylor Fields and Jannine Hayes of Knott Realty Group represented the landlord and Savills Studley represented the tenant in this transaction.
The building is configured with a large bay design and open plan layout to service the real estate requirements of a wide range of end-users. The building features sixteen-foot ceiling heights, the opportunity for private office entries and a low core factor to maximize the availability of usable space. An adjacent parking field envelopes the building, providing approximately 4.5 spaces per 1,000 square feet leased. Additionally, a wide range of business and consumer amenities are in the immediate area including fast-casual restaurant options, big-box retailers, two shopping malls and the Woodlands Golf Course.
“Rolling Run Technology Park represented the best and most advantageous option for this company, based on its long-term contract with the Centers for Medicare & Medicaid Services, which is within walking distance of the site,” explained Taylor J. Fields, Vice President of Leasing for Knott Realty Group. “The close proximity offers a significant advantage to the tenant; providing regular face-to-face interaction without the hassle, time, and expense of commuting. The precise location paired with high-end building finishes is what attracted the tenant, and continues to pique interest from others.”
Rolling Run Technology Park is a three-building community, comprised of over 140,000 square feet of office space. The site is conveniently located less than two miles from Interstate 695 (Exit 17) and only twenty minutes from Baltimore/Washington International Thurgood Marshall Airport (BWI).
Knott Realty Group is a full-service commercial real estate development, management and investment company with more than 4.2 million square feet of commercial office, warehouse and industrial space throughout the Maryland, Florida and South Carolina markets. The company, which has also developed and currently manages residential communities throughout the Mid-Atlantic region, maintains in-house development, property management, construction and leasing services. For additional information, visit www.KnottRealty.com
