WesTech Park Nearly Full

SILVER SPRING, MD-The occupancy level at the 475,000-sf WesTech Business Park has hit the 95% marked with the recent completion of approximately 37,000 sf of new leases and lease renewals. Real estate services firm Trammell Crow worked on behalf of owner Grosvenor to secure the deals with the five tenants who have either found new space or have renewed their commitment to stay within the business park.

Among the list of new occupants are the US General Services Administration, which took on 10,000 sf in the park’s Dorchester Building, and Greenhome & O’Mara, which committed to about 4,500 sf of space in the TecHill One building. Kaiser Permanente renewed the lease on its 130,000-sf offices, and extended its space by taking on an additional 8,000 sf. Finally, Infrared Fibres signed on again to keep its 8,000-sf space, while Nascott Inc. renewed its commitment to its 6,700-sf office. Although the compound of flex buildings has reached near full capacity, there are options for the future. An additional 600,000 sf can be developed on the remaining property.