Alteon Health has leased 24,336 square feet at 12420 Milestone Center Dr, Germantown, MD, located within the Milestone Business Park, a 635,000-square-foot office campus. The property is situated at a location that offers convenient access to Interstate 270 at the Father Hurley Boulevard exit. The building is part of a Class A complex that includes amenities such as an 83-seat conference center, concierge services, a fitness facility, and yoga and meditation classes, along with a parking ratio of four spaces per 1,000 square feet.

Summary of transaction details:

• Property Type: Lease
• Transaction Amount: Not specified
• Square Feet: 24,336
• Address: 12420 Milestone Center Dr, Germantown, MD
• Market: High Point
• Tenant: Alteon Health
• Landlord: Matan Cos
• Tenant's Representative: Dan McNulty (J Street Cos)
• Landlord's Representative: James Matan (Matan Companies)

Alteon Health is a health care solutions provider planning to relocate from its current location on Century Boulevard in the second quarter of 2019, increasing its footprint by 43 percent. The six-story property at 12420 Milestone Center Dr was constructed in 2009 and is LEED Gold certified. The transaction was brokered by J Street Cos. Executive Vice President Paul Davis and Dan McNulty on behalf of the tenant, with James Matan representing the landlord, Matan Cos., in-house.