Rockville, MD (April 16, 2014) – Scheer Partners, the leading provider of fully integrated commercial real estate services for the health science industry in the Washington and Baltimore metropolitan areas, announced today that Chevy Chase-based DANAC, LLC has engaged the Rockville-based company to market a full building containing 48,270 square feet of contiguous laboratory, manufacturing and office space at 9410 Key West Avenue in Rockville.
Scheer Partners President Robert Scheer, and Senior Vice Presidents Matt Brady and Henry Bernstein, are handling the leasing for 9410 Key West Avenue.
Built in 1988, the building is located in the Shady Grove Life Sciences Center and has been continuously occupied by stellar biotechnology companies for more than 20 years.
In 1994 the building was originally leased to Human Genome Sciences, Inc. (HGSI). In 2006, HGSI spun out CoGenesys, which developed biological drugs to help cancer patients undergoing chemotherapy and people suffering chronic heart failure, among other ailments.
CoGenesys occupied the entire building. Subsequently, in 2008 Teva Pharmaceuticals of Israel, one of the largest generic-drug makers in the world, acquired CoGenesys. Teva will vacate the property in the fall of 2015.
Says Brady, “This is a unique opportunity for a mid-stage company looking to do clinical manufacturing with research and administrative space.”
The 48,270 square feet of prime space has many unique attributes, including almost 10,000 rentable square feet of cGMP compliant manufacturing space with associated compliant warehousing and support areas, cell culture and purification suites, a backup generator and custom mechanical areas.
“With the recent opening of the National Cancer Institute’s headquarters facility on Medical Center Drive and the growth of NIH’s National Center for Advancing Translational Sciences (NCATS), the Shady Grove Life Sciences Center area, where this property is located, continues to emerge as the ground- zero destination for high-quality life science companies in the region,” says Scheer, who has been actively engaged in the life science community for more than 25 years.
Adds Scheer, “This building is at the epicenter of the mid-Atlantic life science market. It has excellent access to both Key West Avenue and Shady Grove Road, and is adjacent to a variety of amenities such as hotels, restaurants and other services.”
About DANAC:
Founded in 1963, DANAC, LLC is a diversified real estate development firm specializing in acquisition, brokerage, development, construction and property management. The firm’s mission statement reveals its formula for continued success: “Based on a deep commitment to service, DANAC seeks to leverage over 50 years of real estate development, property management, construction services and brokerage experience into projects that benefit our tenants, employees and financial partners.”
About Teva:
Established in 1901, today Teva ranks among the 10 top pharmaceutical companies in the world. Headquartered in Israel, Teva is active in 60 countries, with over 46,400 dedicated employees worldwide.
As a forward-looking global pharmaceutical company, Teva spearheads the development, production and marketing of a wide range of specialty medicines, generic and OTC products, active pharmaceutical ingredients (API) and novel new therapeutic entities.
Following their vision, Teva pursues robust organic growth. This strategy is complemented by key alliances with exemplary partners. Teva extends their presence into new markets and adds selectively to our capabilities. Teva balances investment in growth with return to our investors and commits themselves to challenging the unmet medical, societal and patient needs of the day.
About Scheer Partners:
Founded in 1991, Scheer Partners is a full-service commercial real estate firm headquartered in Rockville, Md. With a focus on the greater Washington and Baltimore regions, Scheer Partners’ fully integrated services include tenant and landlord representation; strategic planning consulting; facilities and construction management; and investment sales, acquisitions and development. While the firm works with clients across all industry types, Scheer Partners is the recognized leader serving the health-care market, with more than 500 successful projects in this sector. Scheer Partners is the operations manager for Montgomery County's technology incubator program, which has more than 160 tenants, and is co-manager of the Greater Washington Life Sciences Fund. The company’s Web site is www.scheerpartners.com.
For more information, please contact:
Neil Adler of D*MNGOOD®
202-683-8975 (office)
410-499-5004 (cell)
neil.adler@dmngood.com
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