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- LoopNet Team
750 Progress Way
Gaithersburg, MD 20879
700 Progress Way · Property For Lease
HIGHLIGHTS
- Pair of biomanufacturing-ready buildings offering industrial/lab space in the acclaimed Montgomery County BioTech corridor.
- Project includes two outdoor amenity areas with a linear park and art installations.
- Easily accessible with direct I-270 frontage, 6 miles north of the Beltway and 20 miles northwest of DC.
- Montgomery County is home to NIH, the FDA, and 38 federal labs. Top talent, numerous resources, and federal assets contribute to life science success.
PROPERTY FACTS
| Park Type | Industrial Park |
| Park Type | Industrial Park |
ABOUT THE PROPERTY
Spanning two buildings totaling 450,000 square feet, 700 & 750 Progress Way offers state-of-the-art industrial space in the heart of Montgomery County's BioTech corridor. The two 197,645-square-foot buildings (up to 247,500 square feet with mezzanine)offer new construction on a 44-acre parcel that directly fronts Interstate 270. The buildings feature 32-foot clear ceilings, 50-foot by 52-foot column spacing, 50 dock doors per building, fire suppression, and 618 parking spaces with 20 EV chargers. Employees will enjoy two outdoor amenity areas, including a linear park and art installations. The site is strategically located along Interstate 270 and Route 355, six miles north of the beltway and 20 miles northwest of Downtown Washington, DC. Dulles, BWI, and Reagan National Airports are around a 30-mile drive from the property. This "high-barrier-to-entry" Montgomery County location serves over 6.2 million residents in the Washington, DC MSA, making it an excellent headquarters, biotech/lab facility, or distribution location. Maryland's I-270 BioTech Corridor, stretching from Northern Bethesda to Frederick, is home to one of the largest life sciences clusters in the US, with 500+ biotech firms, 2,000 life science companies, federal laboratories, federal agencies, world-renowned medical universities and centers, and plenty of funding and resources.
