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Discovery Drops Plans for Third Building

SILVER SPRING, MD-Discovery Communications has dropped plans to lease a five-story, 320,000-sf building that was to be part of its new HQ complex. Plans remain on schedule for two other buildings totaling 700,000 sf.

By Mike Cleary | Updated on October 31, 2000

SILVER SPRING, MD-Discovery Communications has dropped plans to occupy one of three buildings planned as part of its new headquarters complex in Silver Spring. The media giant will not lease a five-story, 320,000-sf property that Freeman Group and Stonebridge Associates plan to build on Eastern Avenue at the site of a former post office.

The company will still go ahead with two other buildings totaling 700,000 sf that are part of a revival of the Washington D.C. suburb. “Right now it wasn’t the right business decision to keep it on the books,” says a spokesman for Discovery. “Staff wasn’t scheduled to move in for years.” But the company may return and pick up the plan later on, he adds. “I would certainly not rule it out.”

Discovery added plans to sign a 15-year lease on the third building only this summer, saying it needed the space for dramatic growth of its business. At the time it said it hadn’t decided which of its business units would occupy the building.

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