250,000 SF Purpose-Built Lab Project in Montgomery County
Stonebridge has selected Transwestern to lease its first purpose-built lab development – EvolutionLabs at Washingtonian, a two-building, 250,000-square-foot project at 9713 Washingtonian Blvd. in Gaithersburg, Maryland. The first 150,000-square-foot, six-story building will break ground this fall and be ready for tenant construction in winter 2024. The second 100,000-square-foot building is expected to start construction in 2024. The Washingtonian project is a joint venture between Stonebridge and Principal Real Estate Investors.
“Deep expertise in life sciences combined with extensive market knowledge makes Transwestern the perfect partner for our first purpose-built lab development,” said Kent Marquis, a Principal with Stonebridge. “The team brings decades of experience and relationships to target and attract life science tenants to EvolutionLabs at Washingtonian.
Transwestern’s Phil McCarthy, Keith Foery, Guy Copperthite and Mark Boyce with Peter Conte from the firm’s Bay Area office will lead the leasing efforts. The team leverages local market intelligence, national expertise and the dedicated resources of Transwestern’s industry-leading platform to deliver deeper insights and integrated solutions within the life sciences ecosystem.
“EvolutionLabs will transform Montgomery County’s life sciences landscape,” said Boyce, a Senior Vice President at Transwestern. “We are proud to partner with Stonebridge to bring this exciting project to life.”
Stonebridge has retained CannonDesignas the project’s architect and Clark Construction will serve as the general contractor.
