Telecom Co. Cuts a Sweet Deal at Choke Cherry Road

ROCKVILLE, MD-Teletronics has decided to forsake its space at 1803 Research Blvd. for new and larger digs at 2 Choke Cherry Rd. The telecommunications systems developer and manufacturer will nearly triple its space by going from 8,000 sf to 23,000 sf. Teletronics will save money, too. Space at the class C, 90,000-sf Choke Cherry building goes for $13 per sf, while the Research Boulevard property, a class B office facility, features space for $25.50 per sf. The move will also allow Teletronics to have more suitable manufacturing and distribution room.

“Teletronics’ new location in a low-rise structure provides them with the kind of space they need for their business, including more efficient office space, a loading dock, warehouse area, signage and additional parking. They are able to take advantage of an aggressive tenant’s market today rather than chance the market tomorrow,” Cresa Partners’ Steve Schaumberg says. The corporate real estate advisory firm represented the tenant, while McShea & Co. stood in for the property owner. Cresa Partners finessed a deal with the owner of 1803 Research that allowed Teletronics to break its lease early and relocate to Choke Cherry, which is owned by the same company, T/A Associates.