{"id":1004710681,"date":"2024-04-18T04:37:43","date_gmt":"2024-04-18T12:37:43","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004710681"},"modified":"2024-04-18T04:37:46","modified_gmt":"2024-04-18T12:37:46","slug":"clinical-research-firm-expands-office-footprint-to-116-ksf","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/clinical-research-firm-expands-office-footprint-to-116-ksf\/","title":{"rendered":"Clinical Research Firm Expands Office Footprint to 116 KSF"},"content":{"rendered":"\n<p><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignright size-large is-resized\"><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1004710683\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/clinical-research-firm-expands-office-footprint-to-116-ksf\/riverside-tech-park-1\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/04\/Riverside-Tech-Park-1.jpg\" data-orig-size=\"1187,890\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Riverside-Tech-Park-1\" data-image-description=\"&lt;p&gt;Property at 8415 Progress Drive, Frederick, Md.&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;Property at 8415 Progress Drive, Frederick, Md.&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/04\/Riverside-Tech-Park-1.jpg?w=1024\" height=\"768\" width=\"1024\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/04\/Riverside-Tech-Park-1.jpg?w=1024\" alt=\"Property at 8415 Progress Drive, Frederick, Md.\" class=\"wp-image-1004710683\" style=\"width:400px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/04\/Riverside-Tech-Park-1.jpg 1187w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/04\/Riverside-Tech-Park-1.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/04\/Riverside-Tech-Park-1.jpg?resize=768,576 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/04\/Riverside-Tech-Park-1.jpg?resize=1024,768 1024w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Riverside Tech Park comprises 14 buildings across 70 acres. <em>Image by CPI Productions, courtesy of Precision for Medicine LLC<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>Precision for Medicine LLC has signed renewal and expansion leases totaling more than 116,000 square feet at Riverside Tech Park in Frederick, Md. St. John Properties Inc. owns the 70-acre business and R&amp;D campus.<\/p>\n\n\n\n<p>The clinical research company has been a tenant at Riverside Tech Park since 2006, where it currently occupies the entire 75,000-square-foot flex\/R&amp;D building at 8425 Precision Way for its clinical trials, patient biology and manufacturing services.<\/p>\n\n\n\n<p>In addition, the company leased another 41,040 square feet at 8440 Broadband Drive, a newly developed building that finished construction this January and is expected to be fully functional this fall. <\/p>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-cyan-bluish-gray-color has-alpha-channel-opacity has-cyan-bluish-gray-background-color has-background is-style-wide\"\/>\n\n\n\n<p><strong>READ ALSO<\/strong>: <a href=\"https:\/\/www.commercialsearch.com\/news\/attracting-life-science-tenants-in-core-markets\/\">Attracting Life Science Tenants in Core Markets<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-cyan-bluish-gray-color has-alpha-channel-opacity has-cyan-bluish-gray-background-color has-background is-style-wide\"\/>\n\n\n\n<p>Riverside Tech Park comprises 14 buildings totaling 753,560 square feet of flex\/R&amp;D space. Suite sizes range from 2,760 to 93,360 square feet, with clear heights between 16 and 18 feet. The property also features 30- by 30-foot column spacing and a parking ratio of 4 spaces per 1,000 square feet. <\/p>\n\n\n\n<p>Currently, the park is 96 percent leased. Tenants include Lifeline Cell Technology, InVitro Care and CTR Laboratory, among others, according to CommercialEdge information.<\/p>\n\n\n\n<p>Carrying the address 8415 Progress Drive within the Interstate 270 Technology Corridor, Riverside Tech Park is 2 miles from Interstate 70 and 3 miles from I-270. Downtown Frederick is 3 miles southwest, while Washington, D.C., is roughly 50 miles southeast. <\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-a-corridor-breathing-life-into-the-area-s-office-market\">A corridor breathing life into the area&#8217;s office market<\/h2>\n\n\n\n<p>More than 130 biotechnology and life science companies are situated inside the I-270 Technology Corridor, according to the Frederick County Office of Economic Development.<\/p>\n\n\n\n<p>Among these is The National Cancer Institute, located less than 1 mile off Riverside Tech Park. <a href=\"https:\/\/www.commercialsearch.com\/news\/affinius-capital-lands-refi-for-dc-area-office-building\/\">Affinius Capital refinanced<\/a> its headquarters building earlier this year with a three-year syndicated loan provided by Sumitomo Mitsui Banking Corp. and Commercial Bank of China Ltd.<\/p>\n\n\n\n<p>Late last year, AstraZeneca signed a <a href=\"https:\/\/www.commercialsearch.com\/news\/astrazeneca-expands-near-dc-with-198-ksf-lease\/\">198,000-square-foot lease<\/a> at a newly constructed Class A industrial and life science building developed by Matan Cos in Gaithersburg, Md. The R&amp;D campus is roughly 30 miles southeast of Riverside Tech Park.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The firm signed a new lease for more than 41,000 square feet.<\/p>\n","protected":false},"author":3471,"featured_media":1004710683,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,11,21742,21747],"tags":[35112],"class_list":["post-1004710681","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-midatlantic","category-latest","category-office","tag-st-john-properties"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Clinical Research Firm Expands Office Footprint to 116 KSF - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Precision for Medicine signed renewal and expansion leases totaling more than 116,000 square feet at Riverside Tech Park in Frederick, Md.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/clinical-research-firm-expands-office-footprint-to-116-ksf\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Clinical Research Firm Expands Office Footprint to 116 KSF\" \/>\n<meta property=\"og:description\" content=\"Precision for Medicine signed renewal and expansion leases totaling more than 116,000 square feet at Riverside Tech Park in Frederick, Md.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/clinical-research-firm-expands-office-footprint-to-116-ksf\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2024-04-18T12:37:43+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-04-18T12:37:46+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/04\/Riverside-Tech-Park-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1187\" \/>\n\t<meta property=\"og:image:height\" content=\"890\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Claudiu Tiganescu\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/clinical-research-firm-expands-office-footprint-to-116-ksf\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/clinical-research-firm-expands-office-footprint-to-116-ksf\/\",\"name\":\"Clinical Research Firm Expands Office Footprint to 116 KSF - 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