​Transwestern today announces it completed an 85,000-square-foot lease for the National Institute of Child Health and Human Development at Capital Gateway II located at 6710 Rockledge Drive in Bethesda, Md.

Transwestern’s Executive Managing Directors Phil McCarthy and Keith Foery, along with the firm’s Government Services Team of Executive Vice President Peter Marcin, Managing Director Matt Lynch and Senior Associate Christopher Dubberly, represented the building owner, TIAA-CREF, in the transaction.

“While the General Services Administration (GSA) has been limited by budgetary challenges in recent years, it still controls the market’s dominant leased portfolio,” said Marcin. “The GSA’s leasing backlog has reached a tipping point, so we expect to see an uptick in government leasing activity in the near term.”

Capital Gateway II is a Class A, LEED® Platinum-certified office building totaling nearly 310,000 square feet. The five-story building is located in one of the most prestigious corporate office parks in the Washington Metropolitan area and is in close proximity to three Metrorail stations including Grosvenor, White Flint and Twinbrook, as well as numerous amenities such as Montgomery Mall, Georgetown Square Shopping Center and a Marriott Suite Hotel.

ABOUT NATIONAL INSTITUTE OF CHILD HEALTH AND HUMAN DEVELOPMENT
The National Institute of Child Health and Human Development sponsors research on development, before and after birth; maternal, child and family health; reproductive biology and population issues; and medical rehabilitation.

ABOUT TIAA-CREF
TIAA-CREF is a national financial services organization with $564 billion in combined assets under management and is the leading provider of retirement services in the academic, research, medical and cultural fields.

ABOUT TRANSWESTERN
Transwestern is a privately held real estate firm specializing in agency leasing, property and facilities management, tenant advisory, capital markets, research and sustainability. The fully integrated global enterprise leverages competencies in office, industrial, retail, multifamily and healthcare properties to add value for investors, owners and occupiers of real estate. As a member of the Transwestern family of companies, the firm capitalizes on market insights and operational expertise of independent affiliates specializing in development, real estate investment management and research. Transwestern has 34 U.S. offices and assists clients through more than 181 offices in 40 countries as part of a strategic alliance with Paris-based BNP Paribas Real Estate. For more information, please visit transwestern.com and follow us on Twitter: @Transwestern.

 

 

Media Contact:
Kristin Luviano
301.896.9060
kristin.luviano@transwestern.com