Construction is now underway on a brand new strip retail growth in Gaithersburg. Matan Companies introduced on April 2 that it has damaged floor on a ten,175 SF retail strip at 715 Progress Way, positioned on a one-acre parcel on the intersection of Montgomery Village Avenue and MD-355. The web site already attracts important site visitors due to close by nationwide manufacturers like Chick-fil-A and Sheetz.
The new retail area is designed to serve each the encircling group and a large on-site workforce. Directly behind the event sit two 198,000 SF Class A office and industrial buildings, additionally developed by Matan Companies, that are at present totally leased. Tenants embrace AstraZeneca, Montgomery County Public Schools, and Daikin Comfort Technologies Distribution.
According to leasing paperwork, two of the upcoming parcels throughout the new strip are already leased, although the tenants haven’t but been publicly disclosed. In addition to the present mission, Matan Companies is advertising three remaining pad websites totaling 4 acres, providing alternatives for extra retail or business growth throughout the identical space.
“We’re excited to continue expanding this dynamic destination in Gaithersburg,” mentioned James Matan, Director of Leasing for Matan Companies. “With strong existing traffic generated by Chick-fil-A and Sheetz, along with excellent accessibility, this site offers an ideal opportunity for retailers.”
The location sits alongside the I-270 hall between the Montgomery Village Avenue and Watkins Mill Road interchanges, positioning it close to main employment facilities with handy regional entry. Leasing alternatives are at present out there for each the inline retail areas and the extra pad websites as development strikes ahead.
