One Washingtonian Center
9801 Washingtonian Blvd., Gaithersburg, MD 20878
Property Overview
One Washingtonian Center is a Class A office tower located within the I-270 corridor submarket of Gaithersburg, Maryland. This 14-story multi-tenant building is part of the exclusive Washingtonian Center mixed-use project, which includes restaurants, shops, hotels and offices overlooking a lake.
One Washingtonian Center contains 321,007 rentable square feet and has earned the coveted LEED-EB Platinum certification with a high Energy Star score of 95. Located on the west side of Interstate-270 in Montgomery County, the property is approximately 30 minutes northwest from downtown Washington, D.C., and provides superior visibility to major highways and great access to the Inter-County Connector, Maryland’s new “outer beltway.” One Washingtonian Center was 93 percent leased at the time of acquisition and contains on-site amenities that include an upscale café, a conference facility and tenant lounge.
One Washingtonian Center is considered one of the most prominent buildings within the 212-acre Washingtonian Center, Gaithersburg’s premier shopping and dining destination in the heart of Montgomery County. The mixed-use center features two Marriott hotels, 911,033 square feet of office space within four office buildings and 760,000 square feet of retail space. Retail tenants include 16 different restaurants, AMC/Lowes Cinemas, Target and Dick’s Sporting Goods, among others.
Montgomery County is the region’s federal and advanced technology marketplace. It is home to over 250 biotech companies and industry leaders such as Human Genome Sciences, MedImmune and United Therapeutics. Montgomery County consistently ranks in the top 10 most affluent counties in the nation.
Investment at a Glance
Location: Gaithersburg, MD
Property Type: Class A Office
Acquisition Date: June 19, 2013
Purchase Price: $85,250,000
Sale Date: July 19, 2019
Sale Price: $120,100,000
No. of Buildings: 1
No. of Stories: 14
Square Footage: 321,007 SF
Year Built: 1990
Leased Percentage (at the time of Acquisition): 93%
