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Abt Associates Leases 155,000 SF Office Space At 6120 Executive Blvd In Rockville

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LEASED

Maryland

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Office155,000 SF
Leased 05/24/2016
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LEASED

Abt Associates Leases 155,000 SF Office Space At 6120 Executive Blvd In Rockville

6120 Executive BLVD, Rockville, MD...

See Similar Deals
Office155,000 SF
Leased 05/24/2016
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Summary

MARYLAND
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:155,000 SF
Transaction Type:Lease

Located at 6120 Executive Blvd in Rockville, MD, the property involved in the lease transaction is Executive Plaza South, a Class A office building completed in 1985. This 8-story building offers 155,000 square feet of office space and features 610 parking spots. The property was fully renovated in 2014 and is situated in a prime location with easy access to major transportation routes.

Summary of transaction details:

The lease of Executive Plaza South was facilitated by Cushman & Wakefield Senior Director Kevin McGloon along with NGKF representative Phil Giunta on behalf of the tenant, Abt Associates. Owners Angelo Gordon & Co. and Monument Realty were represented by Robert Dickman of Avison Young in this transaction. Abt Associates' decision to secure this space in a thriving district like Pike & Rose indicates a strategic move to access top-tier amenities and talent, reinforcing their commitment to growth and innovation.

Players

Kevin McGloon
2 deals(301) 634-8484
BROKER

Details

LEASED
IMAGE: 05/24/2016 ADDRESS: 6120 Executive BLVD, Rockville, MD... MARKET: Rockville ASSET TYPE: Office TENANT'S REP: Kevin McGloon(Cushman & Wakefield), Phil Giunta(Newmark) TENANT: Abt Associates Tenant SQUARE FEET: 155000

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Deal Type
Effective Rent (Annual)

$8,884,506.47

Total Lease Value

$88,845,064.66

Net Landlord Cash Flow$8,884,506.47