700 Progress Way

Gaithersburg, MD

Property Overview

700 Progress Way in Gaithersburg, MD is a 44-acre property that directly fronts Interstate 270 at the Montgomery Village Avenue exit. Located next door to the recently constructed 300,000 square foot FedEx Ground facility and just south of the new Watkins Mill Interchange.

The site is strategically located along Interstate 270 and Route 355, 6 miles north of the beltway and 20 miles northwest of downtown Washington D.C. This “high-barrier-to-entry” Montgomery County location serves over 6.2 million residents in the Washington D.C. MSA, making it an excellent headquarters or distribution location.

Property Highlights

2 High Bay Tilt-Up Class A Buildings
- Building 1: 197,645 SF (Up to 247,500 SF with mezzanine)
- Building 2: 197,645 SF (Up to 247,500 SF with mezzanine)
32' Clear Ceiling Height
50' x 52' Column Spacing
1.6/1,000 SF Parking Ratio
100 Truck Drops
Power: Pepco
Fiber: Comcast, Verizon
Water: WSSC
Gas: Washington Gas

Schedule

Commence Construction - Under Construction
Building 1 Early TI Start - 10/2021
Building 2 Early TI Start - 11/2022
Building 1 Substantial Completion - 1/2023
Building 2 Substantial Completion - 4/2023