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Building 2 750 Progress Way

161,855 SF of 4-Star Industrial Space Available in Gaithersburg, MD 20879

Virtual Tour

Highlights

  • 750 Progress Way is a 198,000-square-foot industrial facility along Interstate 270, just 20 miles northwest of Downtown Washington, DC.
  • Strategically located in one of the fastest-growing areas of Maryland, Montgomery County, and within the coveted Interstate 270 corridor.
  • Specifications include a 32-foot clear ceiling height, 50-foot by 52-foot column spacing, 50 dock doors, and 3,500 amps, 480/277V 3-phase power.
  • Adjacent to a recently completed 300,000-square-foot FedEx Ground facility and just south of the new Watkins Mill Interchange.

Features

Clear Height
32’
Column Spacing
50’ x 52’
Exterior Dock Doors
50

all available space(1)

Display Rental Rate as

  • Space
  • Size
  • Term
  • Rental Rate
  • Space Use
  • Condition
  • Available
  • 1st Floor
  • 161,855 SF
  • Negotiable
  • Upon Request Upon Request Upon Request Upon Request
  • Industrial
  • Shell Space
  • Now
Space Size Term Rental Rate Space Use Condition Available
1st Floor 161,855 SF Negotiable Upon Request Upon Request Upon Request Upon Request Industrial Shell Space Now

1st Floor

Size
161,855 SF
Term
Negotiable
Rental Rate
Upon Request Upon Request Upon Request Upon Request
Space Use
Industrial
Condition
Shell Space
Available
Now

1st Floor

Size 161,855 SF
Term Negotiable
Rental Rate Upon Request
Space Use Industrial
Condition Shell Space
Available Now

Property Overview

700/750 Progress Way in Gaithersburg, Maryland, is a Class A, 44-acre industrial park fronting Interstate 270 at the Montgomery Village Avenue exit. 750 Progress Way is available for lease. The property offers 198,000 square feet of brand-new space and features a 32-foot clear ceiling height, 50 by 52-foot column spacing, 50 dock doors, LED lighting, and 3,500-amp, 480/277-volt, 3-phase power. Tenants have access to two employee amenity areas and a linear park, which has outdoor seating, green space, and on-site retailers like Chick-fil-A and Sheetz. The property is next door to the recently constructed 300,000-square-foot FedEx Ground facility and just south of the new Watkins Mill Interchange. 700 Progress Way is fully leased to AstraZeneca, a global, science-led biopharmaceutical company. Gaithersburg presents a robust workforce, strategic location, and excellent accessibility to provide an inviting business environment in the southern Maryland region. The site is conveniently located along Interstate 270 and Route 355, 6 miles north of the beltway and 20 miles northwest of Downtown Washington, DC. This high-barrier-to-entry Montgomery County location serves over 6.2 million residents in the Washington, DC, MSA, making it an excellent headquarters or distribution location. 750 Progress Way further benefits from nearby access to Ronald Reagan Washington National Airport, Dulles International Airport, and the Port of Baltimore.

Warehouse FACILITY FACTS

Building Size
198,000 SF
Lot Size
22.11 AC
Year Built
2023
Sprinkler System
ESFR
Water
County
Sewer
County
Gas
Natural
Power Supply
Amps: 3,500 Phase: 3 Wire: 4
Zoning
MXD - Mixed Use District

SELECT TENANTS

  • Floor
  • Tenant Name
  • 1st
  • Daiken Comfort Technologies

Marketing Brochure

Bike Score ®
Very Bikeable (70)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

About Gaithersburg

This corridor of Montgomery County is one of the fastest-growing areas of Maryland. Rockville, Shady Grove, and Gaithersburg are three of the biggest areas to find office complexes. In fact, in the larger Interstate 270 Corridor, these three towns are at the heart of an emerging technology scene.

The Interstate 270 Corridor is known as the I-270 Technology Corridor, or DNA Alley. It’s anchored by more than a dozen federal agencies and private national technology and biotechnology firms. The U.S. Department of Health & Human Services and the National Institute of Health anchor this corridor, and make Rockville, Shady Grove, and Gaithersburg a top destination for venture capitalist. Among sizable office tenants, Gaithersburg is home to Medimmune, Adventist Healthcare, Emergent BioSolutions, and Novavax.

Commercial real estate development over the past decade has made Gaithersburg a better place to live and work. More than 5,000 apartment units were built over the past 10 years, helping to house the larger number of young, highly educated, and talented young workers coming to DNA Alley to start their careers

DEMOGRAPHICS

Regional Accessibility

50 Miles 50 Mi. 100 Miles 100 Mi. 500 Miles 500 Mi.
CITY
POPULATION
MILES
DRIVE TIME
Washington
702,455
26
0 h 41 m
Philadelphia
1,584,138
147
3 h 6 m
New York
8,398,748
236
4 h 49 m
Columbus
892,533
373
7 h 8 m
Charlotte
872,498
416
8 h 4 m
Indianapolis
867,125
545
10 h 18 m
ACCESS AND LABOR FORCE
10 MILES
Total Population
611,460
Total Labor Force
340,025
Unemployment Rate
2.02%
Median Household Income
$115,215
Warehouse Employees
21,119
High School Education Or Higher
91.70%

Nearby Amenities

Restaurants

Ichiban Restaurant Japanese $$ 4 min walk
Harvest Plates & Pints American $ 6 min walk
Perroloco Colombian Burgers $ 8 min walk
Subway - - 9 min walk
Firehouse Deli Deli $ 9 min walk
Okey Poke Japanese - 10 min walk
Pho Chi Vietnamese $ 9 min walk

Retail

Wells Fargo Bank 4 min walk
Capital One Bank 7 min walk
Costco Wholesale Wholesale Club 6 min walk
Citi Bank 9 min walk
State Farm Insurance 9 min walk
Weis Markets Supermarket 9 min walk
Sam's Club Wholesale Club 11 min walk

Hotels

DoubleTree by Hilton
298 rooms
4 min drive
Homewood Suites by Hilton
123 rooms
4 min drive
Holiday Inn
160 rooms
3 min drive
TownePlace Suites
90 rooms
5 min drive

Leasing Agent

Leasing Agent

Power Broker
(301) 694-9200 x961
Contact
James Matan, Director, Leasing
(301) 694-9200 x961
Contact
James Matan is the Director of Leasing at Matan, Inc., a prominent real estate company based in Frederick, Maryland. With a career spanning over 23 years, James has made significant contributions to the company’s success and reputation.

About the Owner

Read More
  • Listing ID: 31391243

  • Date on Market: 4/2/2024

  • Last Updated:

  • Address: 750 Progress Way, Gaithersburg, MD 20879

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