Monument Realty and Nuveen Real Estate Delivering Ground-up State-of-the-art
Life Science Development this August
Construction is close to completion at Monument Realty and Nuveen Real Estate’s new state-of-the-art life science development, Monument Innovation Center. Located between I-270 and Route 355 at 735 Watkins Mill Road in Gaithersburg, Maryland, the 135,000 sq. ft. four-story property, core and shell, is set to deliver in August 2023.
This purpose-built project is designed to meet the highest standard of life science facilities with high ceilings of 15’ to 18’, enhanced electrical, efficient floor plates with column free interior space, ideal loading capacity, and state-of-the-art mechanical and ventilation (DOAS) systems. Additionally, the property’s location provides high-visibility building signage opportunity.
Monument Realty and Nuveen Real Estate have enlisted Cushman & Wakefield’s life science team, consisting of Peter Rosan, Megan Williams, and Kevin McGloon, to serve as the exclusive leasing agents for the building.
Life science is an investment for the future. As one of the only new, Class A life science buildings delivering in 2023, Monument Innovation Center offers space to meet the demands and specific needs of a variety of scientific disciplines, from research and development to biotechnology and environmental sciences. Ideally located in Maryland’s leading life science corridor proximate to Washington D.C., it is in a prestigious cluster of established and emerging life science companies with access to top academic institutions, government agencies, and Montgomery County’s highly educated workforce.
For additional questions about the property or leasing opportunities, please contact Cushman & Wakefield.
About Nuveen Real Estate
Nuveen Real Estate | Investment Capabilities | Alternatives
Nuveen Real Estate has 37 life science properties totaling over $2.8 billion in assets under management nationally. With over 20 dedicated professionals nationally in all major life science markets (Boston, San Francisco, San Diego, Washington, DC, and New York). Nuveen Real Estate is one of the largest, global investment managers with $153 billion of assets under management as of March 31, 2023. With over 85 years of real estate investing experience located across 30+ cities throughout the United States, Europe and Asia Pacific, the platform offers unparalleled geographic reach and deep life sciences sector expertise.
1ANREV/INREV/NCREIF Fund Manager Survey 2023. Survey illustrated rankings of 116 fund managers globally by AUM as at 31 Dec 2022.
About Monument Realty
Monument Realty | Fully Integrated Real Estate Development
Monument Realty, one of the most prolific and respected integrated real estate services companies, is noted for its expert achievements in development, property transactions, leasing and management. Drawing from a wealth of experience across multiple disciplines, Monument offers a creative approach to a diverse mix of real estate projects throughout the Washington, D.C. Metro region. In addition to life science development, the firm’s portfolio includes 8 million SF of commercial office, 3 hotels, .5 million SF of retail and 8,000 residential units.
About Cushman & Wakefield
Life Sciences | United States | Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with approximately 52,000 employees in over 400 offices and approximately 60 countries. In 2022, the firm had revenue of $10.1 billion across core services of property, facilities and project management, leasing, capital markets, and valuation and other services. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.
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