Economic Restructuring to Benefit Programs, Support Services
October 21, 2020
WASHINGTON – Transwestern Real Estate Services (TRS) announces it represented The Foundation School of Montgomery County in the renegotiation of a lease of 19,363 square feet at 220 Girard Street in Gaithersburg, Maryland. Transwestern Senior Vice President Susan Kay and Vice President Mark Boyce provided Tenant Advisory + Workplace Solutions services.
“The restructured lease we negotiated secured a reduced rental rate and extension of the lease term for The Foundation School of Montgomery County,” said Kay. “They have been a tenant in this property for over 10 years and are enthusiastic about the reduced lease costs from the new deal structure, which will allow them to continue their good work with the community in a familiar location.”
The suburban flex building sits on 3.46 acres and is in close proximity to the Washington Grove and Gaithersburg Commuter Rail. It is positioned closely to Interstate 270, MD Route 200 (Inter-County Connector), MD Route 355 and the Shady Grove Metro Station.
For more than 45 years, The Foundation School of Montgomery County has been providing innovative programs and support services that address the educational, social and mental health needs of children and adolescents with emotional disabilities and learning challenges.
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, Occupier 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. An integrated approach formed from fresh ideas drives value for clients across commercial real estate services, development, investment management and opportunistic programs for high-net-worth investors. The firm operates through 34 U.S. offices and global alliances with BNP Paribas Real Estate and Devencore. Learn more at transwestern.com and @Transwestern.