Federal Realty Investment Trust (NYSE:FRT) announced today that Sodexo committed its U.S. headquarters to 915 Meeting Street, a new 276,000-square-foot trophy office building currently under construction at the award-winning mixed-use development of Pike & Rose in North Bethesda, Maryland. Sodexo’s headquarters are currently located at 9801 Washingtonian Blvd in Gaithersburg (next to Rio Lakefront).
Sodexo will be taking 52,000 square feet, along with Choice Hotels International, Inc. (NYSE: CHH), which signed a long-term lease to occupy 105,000 square feet. Sodexo is the leading global provider of catering, facilities management, employee benefits and personal home services to 100 million daily consumers in 56 countries. It will be moving from its current location in Gaithersburg to Pike & Rose in Spring 2024. Renderings below courtesy of Federal Realty: