National real estate listings company Bright MLS will occupy 13,455 square feet of office space at Federal Realty-owned Pike & Rose in Bethesda, Md. The new lease will allow Bright MLS to move out of its previous location at 9707 Key West Ave. near Johns Hopkins University’s Montgomery County campus.
The negotiations were handled by JLL’s Bernie McCarthy and Danny Sheridan on behalf of the landlord, with Bob Dickman and Rusty McCabe of Avison Young representing the tenant.
With the closing of this latest lease deal, the 11-story building located at 909 Rose Ave. is now fully occupied. Bright MLS joins a diverse tenant roster, which includes the likes of Beiser Law Firm, coworking chain Industrious, Kuta Software, Rycon Construction, Rowe Weinstein Sohn PLLC, and United Solutions.
“We have had incredible momentum since construction began in 2017 — even during some of the most challenging times — and delivered a fully-leased office building,” said Stuart Biel, senior vice president of Federal Realty.
The Bethesda office space is part of a 24-acre, mixed-use development that also includes 765 apartments, 99 condos, and a 177-room hotel, as well as 80,000 square feet of additional office space and more than 40 retailers. Notably, the campus also provides access to event spaces, such as the private dining options at Owen’s Ordinary and Summer House, as well as the ballrooms at Canopy by Hilton and Pinstripes.
Pike & Rose is also equipped with the latest in COVID-safe technologies, including a dedicated outdoor air system (able to circulate more fresh air throughout the building); a Schindler touchless elevator PORT; massive windows to allow for plenty of natural light; outdoor terraces; and Montgomery County’s largest rooftop farm.
“The state-of-the-art building and energetic, vibrant neighborhood offer exactly what we sought for our current and future team members,” said Brian Donnellan, Bright MLS president and CEO. “It’s a place we look forward to calling home.”
While other Federal Realty projects are already raising interest among prospective tenants, businesses and startups looking for an ideal office space in the Maryland area or other major U.S. markets can rely on a large and continuously updated database of listings available through CommercialCafe.com: