Matan Companies Expands Operations with New Lease Agreement
Matan Companies Secures New Lease at Riverside Research Park
Matan Companies proudly announces its recent achievement with a significant long-term lease agreement encompassing 111,368 square feet at Riverside Research Park. This strategic move is poised to bolster its operations at 8484 Progress Drive, offering an array of high-quality spaces suitable for various business needs.
A Unique Asset at Riverside
This newly leased space at Riverside stands out as a premier asset, combining high-bay manufacturing with state-of-the-art research and development facilities, alongside multi-story Class A office spaces. Brad Benna from Matan Companies expressed, "Riverside is a one-of-a-kind asset which uniquely couples a brand new, world-class space with ample office potential." He elaborated that Riverside is not merely a desirable location but has emerged as a vibrant hub for leading multinational corporations.
Expansive Space and Flexibility
The lease signing is a major milestone for Matan, yet there remains considerable opportunity with 280,000 square feet available across the adjoining properties at 8480 Progress Drive. These spaces are designed for flexibility, catering to a diverse mix of office, research and development, and technology-focused users. Beyond their unique architectural features, the project shines with its picturesque campus, complete with free parking, inviting gazebos, and an impressive network of over five miles of walking trails. This setting not only promotes a healthy lifestyle but is also located strategically in the city’s core, providing easy access for employees and visitors alike.
Business Representation
Matan Companies successfully navigated the lease process with the expertise of Brad Benna, while the tenant was represented by Tim Shanklin from Tyler Duncan Real Estate. Their combined efforts ensured a smooth transition into this advantageous partnership.
About Matan Companies
Matan Companies, based in the Washington, D.C. area, prides itself on being a leading entity in the field of commercial real estate services and development for over 45 years. Their notable portfolio boasts more than 7 million square feet spanning industrial, bio-life science, and office properties, alongside a substantial 15 million square feet in development. They also actively manage residential developments and a diverse collection of multifamily and manufactured housing units. The firm is dedicated to delivering comprehensive services including asset management, property management, leasing, and construction management, ensuring clients receive exceptional support. For further information about Matan Companies, their complete offerings can be found on their website.
Frequently Asked Questions
What space did Matan Companies lease?
Matan Companies leased 111,368 square feet at Riverside Research Park, specifically at 8484 Progress Drive.
What are the unique features of Riverside?
Riverside is notable for its combination of high-bay manufacturing and R&D facilities along with Class A office spaces in a scenic campus setting.
How much space is still available at Riverside?
There remains 280,000 square feet of available space spread across multiple buildings, providing flexibility for various business uses.
Who represented Matan Companies in the lease agreement?
Brad Benna from Matan Companies represented the firm in the leasing deal.
What services does Matan Companies offer?
Matan Companies provides a full range of real estate services including leasing, asset management, and construction management, emphasizing a comprehensive approach to real estate solutions.
About The Author
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