Information technology company chooses Class “A” building based on immediate proximity to Centers for Medicare & Medicaid Services
Timonium, MD (March 24, 2017) – Knott Realty Group has executed a 13,617 square foot lease with Apprio, Inc. at Rolling Run Technology Park to elevate the single-story, 58,000 square foot Class “A” speculative office building to 68% occupancy. Last month, the company announced a 25,792 square foot lease with a government contracting company, which represented the inaugural tenant at the building situated on 2270 Rolling Run Drive. Just under 19,000 square feet of space remains available for lease, for the project that was completed earlier this year.
Taylor Fields and Jannine Hayes of Knott Realty Group represented the landlord and Jonathan Hall of CBRE represented the tenant in this transaction. This requirement represents a new location for Apprio, and the company expects to take occupancy this fall.
Headquartered in Washington, D.C. and with locations in six states, Apprio is a provider of specialized technology solutions, particularly geared to the health, defense and homeland security markets. Earlier this month, the company announced its award with the Centers for Medicare and Medicaid Services (CMS), which is located adjacent to Rolling Run Technology Park. Apprio provides information technology and program services in healthcare, emergency response management and financial management.
“Based on its location and immediate availability, Rolling Run Technology Park was the natural selection for Apprio to service its new contract with the Centers for Medicare & Medicaid Services. The open floorplan and high-end finishes perfectly suit the real estate requirements of the company,” explained Taylor J. Fields, Vice President of Leasing for Knott Realty Group. “Leasing has rapidly progressed since the completion of the building, and we continue to field strong interest from prospective tenants for the balance of the space. This is a best-in-class building in the sub-market, as evidenced by the tremendous reception it has garnered.”
2270 Rolling Run Drive is configured with a large bay design and open plan layout to service the real estate requirements of a wide range of end-users. The building features sixteen-foot ceiling heights, the opportunity for private office entries and a low core factor to maximize the availability of usable space. An adjacent parking field envelopes the building, providing approximately 4.5 spaces per 1,000 square feet leased. Additionally, a wide range of business and consumer amenities are in the immediate area including fast-casual restaurant options, big-box retailers, two shopping malls and the Woodlands Golf Course.
Rolling Run Technology Park is a three-building community, comprised of over 140,000 square feet of office space. The site is conveniently located less than two miles from Interstate 695 (Exit 17) and only twenty minutes from Baltimore/Washington International Thurgood Marshall Airport (BWI).
Knott Realty Group is a full-service commercial real estate development, management and investment company with more than 4.2 million square feet of commercial office, warehouse and industrial space throughout the Maryland, Florida and South Carolina markets. The company, which has also developed and currently manages residential communities throughout the Mid-Atlantic region, maintains in-house development, property management, construction and leasing services. For additional information, visit: www.KnottRealty.com
