Per Federal Realty:
ESAB, a world leader in the production of fabrication technology, will relocate its world headquarters from Annapolis Junction, Md. to 909 Rose before the end of the year. ESAB is taking all 20,887 square feet on the eighth floor, which will be the primary home of its global support functions and senior management team. The global company has more than 9,000 employees in offices and manufacturing facilities across five continents.
“ESAB is excited to announce its new world headquarters in North Bethesda, Maryland,” said Michele Campion, Vice President, Human Resources. “As a team oriented business and leader in our industry driven by continuous improvement, the dynamic Pike & Rose neighborhood is the ideal location, with a wide array of amenities, for our existing team members and clients, as well as a place we can proudly welcome new business partners and attract future talent.”
Emagine IT, an enterprise IT and cybersecurity services and consulting company, committed to 9,787 square feet on the ninth floor. Emagine IT will relocate from Fairfax, Va.
The building also has extremely efficient, customizable spec suites ranging from 1,700 to 7,270 square feet available with a choice of design finishes that tenants can tailor to their own specifications. The suites are located on the sixth floor, offer panoramic views and are move-in ready.
“With fantastic momentum coming out of the summer months, including the additions of ESAB and Emagine IT, we anticipate the building to be fully leased this winter,” said Jay Brinson, Vice President Development at Federal. “We now set our sights on new office opportunities that exist within the Pike & Rose neighborhood, which will also include additional ground floor retail to compliment an already dynamic neighborhood.”
The vibrant Pike & Rose neighborhood features a wide range of amenities including:
- Owner-Developer controlled 24-acre neighborhood with increased cleaning and sanitation protocols compared to downtown environments.
- Wi-Fi enabled neighborhood, including Rose Park, outdoor cafés and patios.
- U.S. Green Building Council LEED Gold for Neighborhood Development (LEED ND) as a sustainable, well-connected neighborhood.
- The Farm at Pike & Rose, is the largest soil-based farm in the mid-Atlantic region at 17,000 square feet, producing fruits and vegetables sold directly to tenants and residents through a Farm Membership Program.
Featured photo courtesy of Google Maps
Rockville Town Square Announces “The Streetery on Gibbs”
The Streetery is the new open-air urban common space at Rockville Town Square made possible through a partnership with Federal Realty Investment Trust, Montgomery County, and the City of Rockville.
The pedestrian-friendly environment, created by Gaithersburg-based Syzygy Events International, comprises 15,000 square feet with curated seating areas and pods for more than 70 people for outdoor dining and work.
“The City of Rockville is thrilled to partner with Federal in creating The Streetery on Gibbs, a unique outdoor destination for Rockville’s Town Square and surrounding neighborhoods,” said Mayor Bridget Donnell Newton. “Providing people with extended outdoor dining and gathering spaces, as well as supporting our Rockville businesses, and welcoming new ones during this challenging time remains a focus of the Mayor and Council. This includes our continued partnership with Federal and Rockville Town Square.”
Updates to Gaithersburg Square’s $6.6 Million Renovation, Including Marshall’s Signage
Back in October, the City of Gaithersburg issued a press release today stating that Federal Realty Investment Trust (FRIT) has approved approximately $6.6 million in property improvement expenditures for the Gaithersburg Square shopping center located at 524 North Frederick Avenue.
The renovations started a few weeks back at the shopping center, which dates back to 1965, and will include a brand new plaza area with outdoor dining and amenities, in addition to a more streamlined shopping experience.
Below we have some photos of the progress as well as a couple renderings of what the shopping center will look like.