GAITHERSBURG, M.D. – Transwestern Real Estate Services (TRS) announces Quality Biological, Inc. has signed a 24,000-square-foot lease at Shady Grove Development Park, a 745,000-square-foot, 10-building mixed-use project in Gaithersburg, Maryland. Transwestern Senior Vice Presidents Guy Copperthite and Jim Darby represented Quality Biological in negotiations with property owner Minkoff Development Corporation.
Quality Biological has provided contract manufacturing solutions to the life science and biotech research industry for nearly 40 years. The company takes occupancy of its new space in July 2023.
“Moving into Shady Grove Development Park allows us to better serve the life sciences community in Montgomery County and meet the changing demands of our customers,” said Angela Graham, President of Quality Biological, Inc. “We appreciate Transwestern’s guidance and Minkoff’s flexibility to provide us with the agility to meet our business needs and respond quickly to market dynamics.”
Designed for office, entertainment, warehouse, lab, distribution and retail uses, Shady Grove Development Park is home to a diversified tenant base. The property is conveniently located on Gaither Road, providing easy access to Shady Grove Road, I-270 and I-370.
“The business park allows Quality Biological to meet its current and future space requirements and fulfill its growth objectives,” said Copperthite. “Minkoff provides best-in-class services to tenants and we were confident our client will thrive in this new location.”
Vincent Napoleon of Eagle Consulting Services, LLC provided legal services to Quality Biological on the transaction.
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About Transwestern Real Estate Services
Transwestern Real Estate Services (TRS) adds value for investors, owners and occupiers of all commercial property types through a comprehensive perspective and by providing solutions grounded in sound market intelligence. Part of the Transwestern companies, the firm applies a consultative approach to Agency Leasing, Asset Services, Tenant Advisory + Workplace Solutions, Capital Markets, and Research & Investment Analytics.
The privately held Transwestern companies have been delivering a higher level of personalized service and innovative real estate solutions since 1978. Through an integrated, customized approach that begins with good ideas, the firm drives value for clients across commercial real estate services, development, investment management, and opportunistic endeavors for high-net-worth investors. Operating from 33 U.S. offices, Transwestern extends its platform capabilities globally through strategic alliance partners whose unique geographic, cultural, and business expertise fuels creative solutions. Learn more at transwestern.com and @Transwestern.
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