News

July 2, 2009

Lincoln’s Maryland Leasing Team Signs Two Renewals for Over 273,000 SF

During the second quarter of 2009, Lincoln Property Company represented the landlords, Grovesnor Investment Management and American Realty Advisors, on two sizable renewal leases totaling over 273,000 square feet.

Lincoln is pleased to announce that GSA on behalf of the Food & Drug Administration renewed its lease of 104,474 square feet at 1350 Piccard Dr. Rockville, MD, for five years. 1350 Piccard Dr. is a four story office building built in 1980. The property fronts I-270 in the North Rockville submarket. 1350 Piccard Dr. is currently 100% leased.

Eugene Smith and Merrill Turnbull with Lincoln Property Company represented the landlord, Grosvenor Investment Management, while the GSA represented the FDA.

In addition, DAP Products, Inc. renewed its lease of 168,555 square feet at 8410 Kelso Drive, Rosedale, MD. 8410 Kelso Drive is a Class-A industrial building built in 1999. The property is part of the 1.3 million square foot Marshfield Business Park located in the Baltimore County East Industrial submarket. 8410 Kelso Drive is currently 100%leased.

Will McCullough and Merrill Turnbull with Lincoln Property Company represented the landlord, American Realty Advisors, while Craig Lewis of Colliers Pinkard represented DAP Products, Inc.