Matan Companies Secures Major Lease in Riverside Research Park
Matan Companies has made headlines by signing a long-term lease for an impressive 111,368 square feet at 8484 Progress Drive. This strategic move signifies the firm's commitment to expanding its presence in the dynamic landscape of commercial real estate.
A Unique Asset in Riverside
Brad Benna of Matan Companies described Riverside as an extraordinary asset, combining a state-of-the-art facility for high-bay manufacturing and research and development, alongside multi-story Class A office spaces. This location reflects the evolution of Frederick into a hub for top-tier multi-national corporations, demonstrating its growing significance in regional commerce.
Community Impact
The signing of this lease not only represents a major milestone for Matan Companies but also contributes to the overall growth and development of the area. Riverside Research Park offers outstanding amenities, including picturesque surroundings, ample free parking, and outdoor spaces, making it an attractive destination for businesses and their employees.
The Remaining Opportunities
While Matan Companies has secured a substantial portion of Riverside, there remains significant availability at 8480 Progress Drive, with 280,000 square feet offered across various buildings. These spaces cater to a diverse range of businesses, from office and research and development facilities to tech-focused enterprises.
Modern Features for Evolving Needs
Each office space is designed with maximum flexibility in mind, allowing businesses to adapt their environments to meet their evolving needs. The campus not only provides modern building features but also offers a wealth of outdoor amenities, including walking trails and multiple gazebos.
Expert Representation
Brad Benna represented Matan Companies during the lease negotiations, demonstrating the firm’s experienced leadership. The tenant was represented by Tim Shanklin from Tyler Duncan Real Estate, showcasing collaboration among industry experts to facilitate this significant transaction.
About Matan Companies
Matan Companies, based in the suburbs of Washington, D.C., stands as one of the premier firms in the region, specializing in commercial real estate services and development. With over 45 years of experience, Matan has cultivated a diverse portfolio that encompasses more than 7 million square feet of industrial, life sciences, and office properties, along with 15 million square feet currently under development.
The company prides itself on providing a comprehensive range of services, from entitlement and construction management to asset and property management, ensuring their clients receive unparalleled support throughout their real estate journey. To learn more about Matan Companies, visit www.mataninc.com.
Frequently Asked Questions
What is the size of the lease signed by Matan Companies?
The lease signed by Matan Companies is for 111,368 square feet at 8484 Progress Drive.
What features does Riverside Research Park offer?
Riverside Research Park features high-bay manufacturing and R&D spaces, Class A offices, free parking, beautiful outdoor amenities, and extensive walking trails.
Who represented Matan Companies in this lease agreement?
Brad Benna from Matan Companies represented the firm during the lease negotiations.
What is the potential for future development at Riverside Research Park?
There is still 280,000 square feet of availability at the adjoining property, 8480 Progress Drive, catering to various tech-focused businesses.
How long has Matan Companies been operating?
Matan Companies has over 45 years of experience in the commercial real estate industry, making it a reputable player in the market.
