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

Property Image
LEASED

Maryland

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Industrial161,500 SF
Leased 12/15/2025
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Property Image
LEASED

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

700 Progress Way

See Similar Deals
Industrial161,500 SF
Leased 12/15/2025
the dealdetailscomps

Summary

MARYLAND
Asset Type:Industrial
Price Per Square Foot:$0
Total Square Footage:161,500 SF
Transaction Type:Lease

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.

Details

LEASED
IMAGE: 12/15/2025 ADDRESS: 700 Progress Way MARKET: Gaithersburg, MD ASSET TYPE: Industrial ~ SF: 161,500 LANDLORD: Matan Companies TENANT: Montgomery County Public Schools NOTE: Matan Companies has fully leased its 44-acre life science and industrial campus in Gaithersburg, Md., following a 161,500-SF lease with Montgomery County Public Schools at 700 Progress Way. The I-270–adjacent campus is now occupied by MCPS, AstraZeneca (198,000 SF), and Daikin Comfort Technologies Distribution (36,145 SF).

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Effective Rent (Annual)

$9,257,082.54

Total Lease Value

$92,570,825.44

Net Landlord Cash Flow$9,257,082.54