May 27, 2020
Washington – Transwestern Real Estate Services (TRS) announces it has been named the exclusive leasing agent for Shady Grove Medical Pavilion at 9601 Blackwell Road in Rockville, Maryland. The 122,000-square-foot, Class A medical office is managed by Caddis, one of the most prominent owners and operators of medical office buildings and assets in the country. Transwestern Vice Presidents Ken Smondrowski and Joe McCormick in the firm’s Healthcare Advisory Services group will be leasing the project.
“This is an asset situated for success, as it offers a great amenity base,” said McCormick. “It’s proven ownership and reputable tenant mix benefit from being positioned in one of the premier healthcare locations in the region.”
The building offers prominent visibility from Shady Grove Road with direct access to Adventist Healthcare Shady Grove Medical Center, the Shady Grove Life Sciences Center and Fallsgrove Village Center. Shady Grove Medical Center was recently named a five-star institution by the Centers for Medicare & Medicaid Services.
Shady Gove Medical Pavilion offers suites ranging from 1,000 square feet to 17,440 rentable square feet, building signage, a physician’s lounge, and on-site engineering, pharmacy and full-service deli. Located a half-mile from Interstate 270, it offers commuters a wide selection of transport options including MARC Rail, Metro Ride-on bus routes and the Rockville Metro station.
Current building tenants include Shady Grove Fertility, Shady Grove Orthopedics, Schreiber Allergy, Adventist Healthcare Imaging, and the Ambulatory Care Pharmacy. The building is within an hour of three major airports and benefits from nearby shopping, dining and entertainment amenities in the Downtown Crown and RIO Washingtonian centers.
“We understand the role Caddis has as one of the many prestigious medical office building operators in the Washington metro,” said Phillip McCarthy, Transwestern Executive Managing Director. “We hold our relationship with Caddis in extremely high regard and have confidence that pairing our industry knowledge with their high-caliber reputation will be successful.”
About Transwestern Real Estate Services
Transwestern Real Estate Services (TRS) adds value for investors, owners and occupiers of all commercial property types through a comprehensive perspective and by providing solutions grounded in sound market intelligence. Part of the Transwestern companies, the firm applies a consultative approach to Agency Leasing, Asset Services, Occupier Solutions, Capital Markets, and Research & Investment Analytics.
The privately held Transwestern companies have been delivering a higher level of personalized service and innovative real estate solutions since 1978. An integrated approach formed from fresh ideas drives value for clients across commercial real estate services, development, investment management and opportunistic programs for high-net-worth investors. The firm operates through 34 U.S. offices and global alliances with BNP Paribas Real Estate and Devencore. Learn more at transwestern.com and @Transwestern.
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