ROCKVILLE, Maryland – January 6, 2022 South Duvall today announced that it has submitted construction plans for permit to bring 45,000 square feet of lab space to 1450 Research Boulevard in Rockville, MD. South Duvall will renovate the façade, create new building amenities and common areas, and install brand-new mechanical, electrical, and plumbing systems. Three move-in ready lab spec suites ranging from 2,800 square feet to 3,700 square feet range are expected to deliver by the fourth quarter of 2022 with two full floors of roughly 15,000 square feet available for tenant fit out now. Leasing will be handled by Scheer Partners. “The submission of construction plans for our lab conversion of 1450 Research Boulevard begins our timeline to deliver much needed lab space to the I-270 corridor in 2022,” said Matthew Brown, director of acquisitions, South Duvall. “Our design team took lessons we have learned from other similar projects and developed an exciting plan to deliver a unique, best-in-class lab building.”
About 1450 Research Boulevard Located in the bustling I-270 Corridor, 1450 Research Boulevard is a short walk away from amenities including restaurants, hotels, and fitness centers. The three-level space will have shared conference rooms, a patio/ entertaining area, an autoclave and glass-wash, and a pantry. Brand new mechanical, electrical and plumbing systems will be installed, including a natural gas backup generator and a DOAS unit. 1450 is located in the Mixed-Use Employment (MXE) zone.
About South Duvall South Duvall is a value-add life science real estate investor. South Duvall and its related companies, have been active in life science real estate for almost 30 years across the US, focusing on the greater Mid- Atlantic region. Headquartered in Rockville, Maryland, the South Duvall team has developed over 600,000 square feet of life science real estate and has consulted on the development of an additional two million square feet. www.southduvall.com.
About Scheer Partners Scheer Partners has provided commercial real estate services for almost 30 years and has built an unparalleled reputation in the biotechnology, pharmaceutical, and lab-related industries. Scheer Partners has negotiated over 450 lab transactions in excess of 8 million square feet. Full services include: tenant and landlord representation, strategic planning consulting, facilities and construction management, investment sales, acquisitions, and development. Scheer is devoted to addressing their clients’ needs with their unmatched market knowledge and insight. www.scheerpartners.com
Media Contact: Claudia Yates 301.337.4746 cyates@scheerpartners.com