- The Washington Times - Monday, April 22, 2002

Two new tenants have come to the WesTech Business Park in northern Silver Spring, and a third is on its way.SoftMed Systems, a company that develops software for medical offices, recently moved to WesTech from Bethesda. Meanwhile, Children's Hospital Center has moved administrative offices on its main campus in the District to WesTech.
"We're a low-cost alternative in Montgomery County," says James Delmotte, vice president of development and acquisitions for Grosvenor, the developer of WesTech.
The business park has 475,000 square feet of premium office space. Because it is located on the outskirts of downtown Silver Spring, the developer doesn't have to charge sky-high rents, Mr. Delmotte says.
In addition, WesTech's location in the Route 29 corridor allows tenants to draw workers not only from Montgomery County, but also Prince George's and Howard counties, he says.
"You get a better 360 degree view there than you do in other parts of Montgomery County," Mr. Delmotte says.
The northern Silver Spring-Route 29 corridor is small but growing, according to real estate research group Delta Associates.
The corridor has about 2.87 million square feet of office space, of which 4 percent is vacant, Delta says. Thirty-two thousand square feet is now under construction in the corridor, Delta says.
SoftMed will lease WesTech's TecHill Two building, which has about 71,500 square feet.
The company leased the building last year, before construction was completed. This allowed it to make several modifications to the building, Mr. Delmotte says.
SoftMed was previously based at 6610 Rockledge Drive in Bethesda.
Children's Hospital Center leased 33,107 square feet in the TecHill One building, located at 12211 Plum Orchard Drive.
In addition, American Bank has announced it will move its headquarters from Rockville to TecHill One in August.
The small community bank has three branches in the Washington area. It will occupy 9,500 square feet in the TecHill One building.
Brokerages Trammell Crow and Transwestern Commercial Services arranged the lease.
Northern Virginia developer West Group started WesTech in 1986. Grosvenor, an international developer, purchased it in 1998. The park's longtime tenants include Nextel, Kaiser Permanente, Silicon Graphics and MedStar.
Roughly 35,000 square feet remains available in WesTech, Mr. Delmotte says.

New Reston deals
Three tenants have leased 16,619 square feet in the Discovery Square office complex in Reston Town Center.
Windsor Group Securities, an independent investment bank, will move its headquarters from Middleburg, Va., to One Discovery Square, where it will lease 10,650 square feet.
Venture capital firm Mohr, Davidow Ventures has leased 2,975 square feet at One Discovery Square, its first East Coast location. Mohr, Davidow's other offices are in Seattle and Menlo Park, Calif.
Aries Systems International, a software development company, has leased 2,994 square feet at Two Discovery Square.
Brokerages Staubach Co., the Irving Group, Cresa Partners and Prospective arranged the new leases.
Developers Terrabrook and Boston Properties own Discovery Square. The complex is situated on 10 acres in Reston Town Center, at the intersection of Sunset Hills Road and Reston Parkway.
Last month, Microsoft announced a 50,000-square-foot lease at Discovery Square.

In other news
Clearant, a small biotechnology company that sterilizes blood products, has leased a 31,370-square-foot research facility at 401 Professional Drive in Gaithersburg. Rockville brokerage Scheer Partners arranged the deal.
cTechnology services company McDonald Bradley has signed a 10-year lease for 19,767 square feet at Woodland Park, a Fairfax County office park owned by Tishman Speyer Properties. The company will occupy a portion of the fifth floor in the park's 158,015-square-foot Plaza Ridge II building. Brokerage Cushman & Wakefield arranged the deal.
The American Kidney Fund has hired Mancini Duffy Liminality to design the expansion and renovation of its Rockville office. The fund is located on the tenth floor at 6110 Executive Blvd. The 13,000-square-foot space is scheduled to be completed in May.
Lowe Enterprises Mid-Atlantic has sold its office building at 601 New Jersey Ave. NW to Polinger Development, an institutional investor. The nine-story, 260,000-square-foot building, now under construction, is almost fully leased to the Federal Trade Commission. Terms were not disclosed.
Structural Preservation Systems, a structural repair company, has leased 36,800 square feet of office and warehouse space at 6935 St. Thomas Road in Elkridge. The company will move its 200 employees in May. The new building will be three times the size of the company's current office in Arbutus.

Property Lines is published every other Monday. Chris Baker can be reached at 202/636-3139 or [email protected]


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