The Maryland Technology Development Corporation (TEDCO) has inked a deal for a new headquarters at a 127,422-square-foot office space in Columbia, Md.’s Merriweather District, right in the heart of the city.
The state agency — which is tasked with supporting tech companies — will occupy 9,258 square feet of space at 10960 Grantchester Way, leaving behind its current home at 7021 Columbia Gateway Drive. The move, which TEDCO had been building toward for more than a year, marks a downsizing from its previous 11,816-square-foot office as it adapts to a hybrid work model in the aftermath of the pandemic. If not for the early exit, TEDCO’s lease at 7021 Columbia Gateway would have expired in 2026.
“COVID has moved many firms to think about the future of work and office space,” TEDCO CEO, Troy LeMaile-Stovall, said last year when asked about the reason for the change. “TEDCO is doing the same.”
Completed six years ago, 10960 Grantchester Way is owned by Howard Hughes Holdings and is part of a 14-million-square-foot redevelopment of the city’s downtown that is expected to span throughout three decades. The Gateway Innovation District — developed in partnership with Johns Hopkins Applied Physics — will be serviced by multiple transit options and will boast more efficient energy usage and stronger cybersecurity measures for its tenants.
“This move represents more than a change of scenery,” LeMaile-Stovall said. “It’s a testament to TEDCO’s strategic decision-making aimed at enhancing our support for Maryland’s innovation ecosystem.”
Cresa represented the tenant during negotiations, while Cushman and Wakefield negotiated on behalf of Howard Hughes Holdings.
Need a reliable and up-to-date listings platform that grants you access to the most sought-after office space solutions in major cities across the U.S.? Visit CommercialCafe.com and sort properties by location, size or price to find the best fit for your business:
