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Life Science Company, Tetracore, Inks Long-Term Lease in Rockville Office
Cushman & Wakefield has arranged a long-term, 93,400-square-foot lease for Tetracore at 77 Upper Rock in Rockville, MD. The tenant, a biotechnology research and development organization, will occupy the third, fourth and fifth floors of the 235,210-square-foot, eight-story property, as well as space on the lower level.
A Cushman & Wakefield team of Ben Powell and Gwen Fraker represented the owner and landlord, Bridge Investment Group, in the transaction.
“Montgomery County is seeing explosive growth in the life science market, which Bridge Investment Group has been able to capitalize on,” said Powell. “Vacancy rates in the life science market have hit an all-time low and we saw this deal as an opportunity to create tremendous value for the owner. This lease, along with other recently completed life science deals, brings the building to 96% occupancy.”
The property is minutes from the interchange of Shady Grove Road and I-270 for direct access to downtown DC.
- ◦Lease
