Matan Companies Leases 161500 SF Industrial Space To Montgomery County Public Schools In Gaithersburg

The property involved in the transaction is an industrial asset located at 700 Progress Way, Gaithersburg, MD, encompassing 161,500 square feet. This asset is part of a 44-acre life science and industrial campus adjacent to I-270 that has been fully leased.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: Not specified
• Date: 12/15/2025
• Landlord: Matan Companies
• Tenant: Montgomery County Public Schools
• Market: Gaithersburg, MD

Matan Companies has successfully leased this industrial space to Montgomery County Public Schools, as part of a fully occupied campus that also includes tenants like AstraZeneca and Daikin Comfort Technologies Distribution.