Comment
0
Tweet
0
Print
RSS Feeds

Office Property Hopes To Take Advantage Of New White Flint

By Aaron Kraut

Thursday - 1/9/2014, 10:30am  ET

Executive Plaza renderings, via Monument Realty Executive Plaza renderings, via Monument Realty Executive Plaza renderings, via Monument Realty Executive Plaza renderings, via Monument Realty Executive Plaza renderings, via Monument Realty Executive Plaza renderings, via Monument Realty Executive Plaza renderings, via Monument Realty

After a longtime tenant moved out, a D.C.-based management company moved in to an Executive Boulevard office complex with the hopes that White Flint’s coming redevelopment will attract major interest.

Monument Realty announced last summer that it assumed management of Executive Plaza, a two-building complex at 6120 and 6130 Executive Blvd. that sits on the edge of the area known as the White Flint Sector.

With New York-based Angelo, Gordon & Co., the company is in the middle of a $10 million renovation of the decades-old office space. In September, the National Cancer Institute relocated to Rockville, leaving the space vacant.

Mounment has put together a marketing campaign and website in search of a new tenant and uses the coming Pike & Rose and existing North Bethesda Market developments as amenities:

A radical transformation is taking shape in White Flint’s redevelopment district. For the first time in over a decade, office space at Executive Plaza – in the heart of it all – is now available. Enterprising businesses will capitalize on this rare opportunity to establish their presence within the renovated two building complex totaling 328,000 square feet located at 6120 and 6130 Executive Boulevard.

The project will include renovated lobbies, remodeled bathrooms, structured parking with a direct connection to the buildings and new outdoor improvements such as outdoor seating.

Despite a down office market that has seen few big corporations come to Montgomery County recently, Monument is pitching the offices as a “rare opportunity,” in an area with a “rapidly evolving landscape.”

Renderings via Monument Realty