ROCKVILLE, MD-Signing a letter of intent, Canon US Life Sciences Inc. has committed to relocating to office and lab space vacated by Human Genome Sciences in the 318,000-sf, multi-structure Shady Grove Life Science Center. Canon will leave its current digs on Washington Blvd. in Arlington, VA, where it has made its home since its inception in late 2002.

The leasing arrangement allows Canon the option of occupying as much as 35,000 sf of space that once housed HGS, which will consolidate its offices at a new headquarters location in the city. Scheer Partners Inc. handles leasing activity at Shady Grove and markets space at the park for about $32.50 per sf; further detail on Canon’s lease are unavailable.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.