West Watkins REIT, LLC

West Watkins REIT, LLC

Address 25, 35, 45 West Watkins Mill Road
Gaithersburg, MD (Washington, DC)
Property Type 3 Office/Lab Buildings
Size 138,938 Square Feet
Date Acquired July 2015
Primary Tenant AstraZeneca
Highlights & Amenities:
  • State-of-the-art lab, industrial/flex, three-building office portfolio located in the Washington, D.C. suburb of Gaithersburg, Maryland
  • West Watkins is strategically located in the heart of I-270 Corridor, “DNA Alley,” a region widely regarded as one of the nation’s most important and dynamic life sciences hubs
  • DNA Alley is home to several large-scale federal government health agencies, including the National Institutes of Health, the National Cancer Institute and the Food and Drug Administration, as well as several world-renowned universities and research institutes, such as Johns Hopkins University, the University of Maryland, and the Howard Hughes Medical Institute
  • West Watkins is leased to credit tenants including healthcare company MedImmune, a subsidiary of AstraZeneca
  • The lab market has a 2% vacancy and close to $40 per square foot in rent

Headquarters

Tritower Financial Group, LLC
60 State Street, 22nd Floor
Boston, MA 02109
Main Office: 781-222-5900
Toll Free: 855-725-5500
info@tritowerfinancial.com

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