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Old Georgetown Office Building Gets New Tenants

By Aaron Kraut

Wednesday - 6/19/2013, 1:40pm  ET

Office space at 7979 Old Georgetown Rd.D.C.-based Douglas Development Corporation has found two new tenants for its office building at 7979 Old Georgetown Road.

The company today announced Rockville-based digital research and design agency SPARK Experience will move to the building with a seven-year lease that starts on July 1. The company does user research, designs websites and puts together social media branding campaigns.

Also moving in will be Dr. Joel Adler and Assessment Associates, a psychology practice that has signed a six-year lease for a 1,300 square-foot office space.

The 11-story building offers a total of 52,000 square feet of space. The news comes on the heels of good news for Bethesda-based developer B.F. Saul’s office building at 7700 Old Georgetown Rd.

B.F. Saul recently inked 12 new companies to leases at its eight-floor, renovated office building, including Long & Foster Real Estate and the Major League Soccer Players Union. About 98 percent of the building was vacant after an anchor tenant moved out.

Despite an office market that pales in comparison to an ongoing residential boom, signs are pointing toward improvement.

Earlier this year, D.C.-based developer Akridge cut the ribbon on downtown Bethesda’s first new Class A office space since 2001. In November, County officials celebrated the groundbreaking for construction on a 220,000-square-foot Class A office building at 4500 East-West Highway, on the former site of a McDonald’s.