Tuesday, December 20, 2011

NOAA Renews Lease in Montgomery

From our Department of Economic Development:

The U.S. General Services Administration (GSA), on behalf of the National Oceanic and Atmospheric Administration (NOAA), last week signed a 15-year lease renewal for more than one million square feet of Foulger-Pratt Companies-owned office space in Silver Spring - keeping more than 4,000 well-paying jobs in Montgomery County.

With more than 8.3 million square feet of federally-leased space in the County, our Department understands that working with GSA, federal agency leadership and the development community is critical to ensuring we continue to facilitate the retention and growth of the federal sector in Montgomery County, as it remains a steady contributor to our local economic and job base.

NOAA’s lease renewal comes on the heels of other positive federal activity in the County over the past 18 months including: the Department of Health and Human Services’ lease renewal for 932,391 square feet to house 3,000 employees at the Parklawn office complex in Twinbrook; the National Institute of Allergy and Infectious Diseases' (NIAIDs') 15-year lease on a new 490,998 square foot Class A office building in Twinbrook to house 2,000 employees; and a new $200 million satellite campus at the Shady Grove Life Sciences Center for 2,100 employees of the National Cancer Institute. This activity helps us end 2011 on a high note and we look forward to working hard in 2012 and beyond to ensure continued success.

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