Computer Packages Inc. to Relocate Headquarters to 11 N. Washington Street
Washington, D.C. – August 1, 2016 – CBRE, Inc. facilitated the lease of 25,000 sq. ft. in downtown Rockville, Maryland at 11 North Washington Street, a Class A office building. The new tenant, Computer Packages, Inc., has already moved into 8,000 sq. ft. and will be occupying an additional 17,000 sq. ft. in the near future as space is available in the highly sought after building. The owner, Investment Properties Inc., hired CBRE, Inc. to lease the vacancy just three months prior and the team was able to achieve 100% occupancy during that short amount of time.
The building is located in the heart of downtown Rockville, offering a plethora of retail and dining amenities for tenants. It has exceptional access to transportation with both the Red Line Metro and MARC train station a few blocks away and is in proximity to I-270 and I-495. The Rockville Town Square, a hub for shopping, dining and living, is directly across the street.
As an Energy Star partner, the building offers excellent window lines, has a state-of-the-art security system and an underground garage with more than 260 spaces. It also has an award-winning restaurant on the first floor and a bank to serve tenants.
Computer Packages Inc. is the world's largest supplier of Patent, Trademark & Agreement Management Systems. Needing to move quickly, the new tenant signed the long-term lease and occupied the available suites three days later.
“This was one of the most expedited and strategic headquarter relocation deals”, said Ben Powell, First Vice President, CBRE, Inc. “From tour to lease to signature, the entire process took less than 30 days. Not only did the tenant need a portion of their space for immediate use, but we had to assemble their requirement throughout the building as other vacancies rolled. The convenient and amenity-rich location of the building played a large part in their decision making.”
CBRE’s Ben Powell, Gwen Fraker and Andy Cole represented the owner.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2015 revenue).The Company has more than 70,000 employees (excluding affiliates), and serves real estate investors and occupiers through more than 400 offices (excluding affiliates) worldwide.CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services.Please visit our website at www.cbre.com.