Alteon Health Leases 24336 Square Feet At 12420 Milestone Center Dr Germantown Represented By Dan McNulty And James Matan

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.