Advance Realty Group Closes Over 16,000 Square Foot Lease at Metro East Business Campus in Landover, Maryland
Mirant Mid-Atlantic, LLC, Secures Space at 8301 Professional Place
Advance Realty Group, a leading Northeast US owner and developer of Class A office properties, today announced that it has signed Mirant Mid-Atlantic, LLC, to a 16,015-square-foot, long-term lease at 8301 Professional Place in its Metro East Business Campus in Landover, Maryland.
In this transaction, Ken Fellows, executive vice president of Scheer Partners, represented Advance Realty Group, while Frank Graybeal, first vice president of CB Richard Ellis, represented Mirant Mid-Atlantic, an independent power company that owns and manages power plants, and sells electricity.
“Mirant Mid-Atlantic decided to sell its office building in Upper Marlboro, Maryland, and needed to find office space and a landlord that met our immediate needs,” said Laurie Swift, director of procurement and corporate services for Mirant Mid-Atlantic. “The company wanted to remain in Prince George’s County and we knew that the Metro East Business Campus was an excellent location due its proximity to mass transit and major highways.”
David Fisher, senior vice president and regional managing director for Advance’s Washington, D.C., region, added, “Mirant Mid-Atlantic is a great example of the tenants Advance Realty Group has attracted to the suburban D.C. market since it entered the marketplace in 1998. Our success comes from several factors, including our repositioning and substantial capital investments, long-term building ownership, and exceptional reputation for superior on-site management. Our overall philosophy and business driver is to create world-class business environments for existing and future tenants.”
8301 Professional Place is a two-story, 137,000-square-foot, Class A office building, featuring 68,000 square-foot floor plates. The facility is part of Advance Realty Group’s Metro East Business Campus, which consists of nine buildings in a campus setting with excellent amenities and plenty of parking. The campus is within walking distance of the New Carrollton train station, which is serviced by Metrorail, Amtrak and MARC, and is in close proximity to Route 50 and the Capital Beltway (I-495). Currently, 50,000 square feet of space is available in the Metro East Business Campus.
About Advance Realty Group
Advance Realty Group is an owner and developer of office, flex, industrial, retail and multifamily properties. With 5.5 million square feet of operating properties and a development portfolio consisting of eight million square feet of commercial projects and 9,400 residential units, Advance is one of the leading real estate owners in the Northeast and is headquartered in Bedminster, New Jersey.
In the suburban Washington, D.C. marketplace, Advance Realty Group currently owns in excess of 1.5 million square feet of space. The Company has acquired in excess of $250 million of properties since it entered the marketplace in 1998. For more information, contact David Fisher at Advance Realty Group at (301) 429-1170 or visit www.advancerealtygroup.com.
