ROCKVILLE, Md., Aug. 10,
2022 /PRNewswire/ -- A joint-venture between Minkoff
Development and South Duvall has signed a lease with Hughes Network
Systems, LLC (HUGHES) to build a 140,000 square foot build-to-suit
project on Montgomery College's
Germantown Campus. The campus currently is home to the Pinkney
Innovation Complex for Science and Technology at Montgomery College (PIC MC) with Holy Cross
Germantown Hospital as its anchor tenant. Located at 19710
Observation Drive in Germantown,
Maryland, adjacent to the Hughes headquarters complex, the
new high-tech manufacturing building will house production of
Hughes satellite broadband and networking equipment.
"This new facility reflects our long-standing commitment to
Montgomery County, as a local
employer and business leader for more than 50 years and will help
Hughes advance our mission of connecting the unconnected around the
world with innovative satellite and networking solutions," said
Jim Muir, III, vice president,
corporate real estate at Hughes. "We look forward to inviting
students from PIC MC to learn and grow with us and continuing to
engage with the community where so many of our employees live and
work."
Minkoff Development and South Duvall responded to an RFP from
PIC MC in 2018 and the joint venture was awarded the exclusive
development rights and long-term ground lease for the 5.67-acre
parcel on the Montgomery College
Germantown campus and located within a RISE & Opportunity
zone.
"Hughes is a world-class provider of satellite and networking
technologies with a long history in Montgomery County, Maryland," said
Andy Chod, Co-President of Minkoff
Development. "We are thrilled to be able to support their continued
success in our local community and around the world."
As part of the arrangement, Hughes and Montgomery College (MC) will continue to
collaborate on training and educational initiatives.
"Montgomery College is proud to be
partnering with Hughes on this innovative venture. Together we can
contribute even more to building the pipeline of talented, highly
skilled workers at the MC Germantown Campus," said Dr. Jermaine F. Williams, president of Montgomery College. "We look forward to
collaborating with Hughes to ensure that our students gain the
skills they need to be competitive in the rapidly evolving
workforce."
"We are excited about this mutually beneficial partnership with
Hughes, where students will have the opportunity to interact with
technology industry professionals on a regular basis. This
transaction is the first of many anticipated collaborations between
PIC MC, the real estate development community and technology
companies at Montgomery College where
we are creating an integrated academic, business, and research
campus to inspire the next generation of technology industry
leaders," said Michael Smith,
Executive Director, Pinkney Innovation Complex for Science and
Technology (PIC MC).
"South Duvall is fortunate to have excellent partners on this
project," said Matthew Brown of
South Duvall. "With Montgomery College
providing an ideal location, Minkoff leading the development
efforts, and Scheer Partners marketing and leasing the project, we
had a huge advantage over our competition. The design is underway,
and we expect to break ground in August, aiming for occupancy in
fall of 2023."
Scheer Partners, Henry Bernstein,
Matt Brady, and Aaron Gambini led the building's leasing
efforts, and Kevin Wille,
Nadia Kahler, and Brad Wilner with CBRE represented Hughes.
About South Duvall:
South Duvall (www.southduvall.com) is a commercial real estate
investor headquartered in Rockville,
MD focusing on value-add properties and select stabilized
properties. Founded in 2017 by Robert
Scheer, its principals have a two-decade track record of
creating value through repositioning existing real estate assets
throughout the Washington, D.C.
Metro Area, Baltimore, and
Philadelphia. While experienced in
all asset classes, South Duvall is known for its expertise in Life
Science, Health Care and Technology real estate. South Duvall's
principals have developed over 600,000 SF of life science real
estate and have additionally consulted on the development of two
million square feet.
About Minkoff
Development:
Since 1972, Minkoff has been actively engaged in Metropolitan
Washington, DC's commercial real
estate landscape. Offering development, leasing, construction and
management services, our family-owned firm prides itself in
fostering a caring environment to our tenants and attending to
every detail in the buildings that we own. Our personal perspective
is seen in every facet of the services that we offer, from finding
the right home for businesses to guiding tenants through the
design-build process or creating solutions to management requests
as they arise. As an owner-operator, Minkoff affords its clients a
smooth and transparent leasing experience and day-to-day
operational excellence. Real estate remains a local industry that
requires boots on the ground, and we give each project the
specialized attention that it requires. Our vast expertise and deep
understanding of the Washington
market allow us to excel.
About PIC MC:
The Germantown Campus is home to the Pinkney Innovation Complex
for Science and Technology at Montgomery
College, or PIC MC, a hub of education, business, and
entrepreneurship, where industry partners co-locate and actively
interact with faculty and students to achieve both educational and
economic success. The Montgomery
College Germantown Campus features the Holy Cross Germantown
Hospital, an 80,000 square foot Medical Office Building, a 145,000
square foot bioscience educational building and the Montgomery County-owned, Germantown Innovation
Center that is a business incubator with 24 startup life sciences
companies.
About Hughes Network
Systems:
Hughes Network Systems, LLC (HUGHES), an innovator in satellite
and multi-transport technologies and networks for 50 years,
provides broadband equipment and services; managed services
featuring smart, software-defined networking; and end-to-end
network operation for millions of consumers, businesses,
governments and communities worldwide. The Hughes flagship Internet
service, HughesNet®, connects millions of people across
the Americas, and the Hughes JUPITER™ System powers internet access
for tens of millions more worldwide. Hughes supplies more than half
the global satellite terminal market to leading satellite
operators, in-flight service providers, mobile network operators
and military customers. A managed network services provider, Hughes
supports nearly 500,000 enterprise sites with its HughesON™
portfolio of wired and wireless solutions. Headquartered in
Germantown, Maryland, USA, Hughes
is owned by EchoStar. To learn more, visit www.hughes.com or follow
HughesConnects on Twitter and LinkedIn.
About EchoStar
Corporation:
EchoStar Corporation (NASDAQ: SATS) is a premier global provider
of satellite communication solutions. Headquartered in Englewood, Colo., and conducting business
around the globe, EchoStar is a pioneer in secure communications
technologies through its Hughes Network Systems and EchoStar
Satellite Services business segments. For more information, visit
www.echostar.com. Follow @EchoStar on Twitter.
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SOURCE Scheer Partners, Inc.