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FDA Leases All of Element 12420, Newly Renovated, LEED-Gold Office Building in Rockville, Md.
March 31, 2010
The U.S. General Services Administration has leased all of Element 12420, a rejuvenated office and warehouse building in Rockville, Md., on behalf of the U.S. Food and Drug Administration (FDA).
The FDA will occupy the entire, 93,000-square-foot building, which was built in the 1960s and renovated in 2009. The renovation has transformed the facility into an attractive, Class A office building that features an industrial-loft aesthetic with exposed brick and ductwork, detailed masonry and high ceilings.
Renovated with green-building efficiencies in mind, Element 12420 has been certified as a LEED Gold building under the U.S. Green Building Council’s Leadership in Energy and Environmental Design (LEED) rating system.
The property is located within walking distance of the Twinbrook Metro transit station, which provides light-rail access to points throughout the Washington, D.C., metropolitan area.
Element 12420 is part of a multi-site portfolio of operating properties and development projects located in the Washington, D.C., metropolitan area that is jointly owned by MacFarlane Partners and The JBG Companies, one of the region’s leading real estate companies. MacFarlane Partners made the investment on behalf of MacFarlane Urban Real Estate Fund II, its institutional real estate fund that invests in development, redevelopment and repositioning projects in urban and high-density suburban areas nationwide.
The JBG-MacFarlane portfolio owns several other properties in the immediate vicinity of Element 12420, including Twinbrook Station, the planned transit-oriented development that will surround the Twinbrook Metro station.
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