MONTGOMERYNEWSLETTER An Independent, Bi-Weekly Newsletter on Real Estate Development

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1 MONTGOMERYNEWSLETTER An Independent, Bi-Weekly Newsletter on Real Estate Development Volume 25, Number 17 September 10, 2012 SFO Soon for CPSC HQ A somewhat smaller lease solicitation for the Consumer Products Safety Commission is going to be coming out, now that the prospectus has been approved in Congress. Though it currently has just over 154,000 square feet at its headquarters location at 4340 East West Highway, in Bethesda Towers, the agency will be looking for 124,000 square feet on a 15- year term. CPSC s current lease with Moore & Associates expires on August 25, 2013, and while the agency could stay or go, it will remain within the borders of the Free State (that s Maryland). Right now, CPSC pays $4.81 million annually for its space, but has set a proposed total cost of $4.34 million for the new lease. The maximum proposed rental rate under the prospectus is $35 per (rentable) square foot. Ironically, while CPSC says its mandate now requires more resources and personnel growth to support it, the agency wants about 30,410 square feet less than it currently has. It s going to find that space by squeezing employees in. Right now, each employee gets 292 square feet per person, but in the new lease, folks could lose some bookcase room, getting only 213 square feet each. Bainbridge Steps Up Buys Reed Bros; Said Top Bidder on Exxon Already underway on one of the newest apartment buildings in Bethesda, Bainbridge has now settled on land for another, and reportedly lined up a site for a third, in the Bethesda Exxon property. The apartment development firm settled on the former Reed Brothers dealership on Route 355 in Rockville, giving it the kind of transit-oriented site it likes. Meanwhile, the word on the street is that Bainbridge is the chosen buyer for the Exxon property on Wisconsin Avenue at Montgomery Lane, claiming what is widely considered one of the best residential locations in the suburban market. In Rockville, Bainbridge paid $10.5 million for Frederick Road, where it can build 417 multi-family units on 4.37 acres. Reston-based Silverwood Companies, the original contract purchaser, had done all the heavy lifting in the case, including winning an extremely contentious annexation that put the property within the City limits. The City and Silverwood had to claw the ground out of the county s hands, as the Leggett administration saw the former car dealership as a crucial buffer to the county transfer station. But Silverwood s case prevailed and its two-building plan approved. High Bid. Because neither Exxon nor Bainbridge would return our phone calls, the facts on Exxon s property at Wisconsin and Montgomery Lane are less certain. But market sources say it is Bainbridge that offered the highest price for the approximately half-acre tract fronting on Wisconsin Avenue. Exxon set a bidding war in motion when it officially put the shuttered gas station property on the market back in May. Sources say the offering prompted some of the fiercest land-bidding in years, all of it to benefit the Exxon Foundation, into which Exxon had moved the property. Bainbridge, although it is embroiled in a lawsuit with the next door landowner over the alleged impact of its excavation work, is already developing the 17-story Monty apartment building on Fairmont Avenue in the Woodmont Triangle. As Bainbridge Shady Grove Apartments LLC, Bainbridge will commence work at the former Reed Brothers dealership in January, Bruce Winston at Fraser Forbes Real Estate represented the sellers in the Reed Brothers transaction. MARYLAND NEWSLETTERS Publishers of the Montgomery & Prince George s Newsletters and the Howard/Arundel Report PO Box 1358, Olney, Md (301) support@marylandnewsletters.com

2 Builders Alarmed by MDE s Offset Plan With new rules looming on pollution offsets, developers can be excused for throwing up their hands and wondering plaintively, When will it end? Apparently, not soon. Having passed sweeping changes in stormwater management and septic system use, the O Malley administration is now considering regulations that would require developers to alleviate their pollution impact by buying nitrogen credits from farmers. Building industry officials say the proposal would have a profound impact, and is all the more difficult to fight because it has been developed at the administrative level, without any legislative review. The basic thrust of the change is to create a private market for nitrogen credits, something like the market that exists here for TDRs. Farmers who have mitigated their nitrogen impacts could sell the credits, while developers would be the buyers. The Maryland Department of the Environment would use formulas to determine how many tons of nitrogen different projects would produce, and developers would then head to the market to buy an offset. But HBAM s Michael Harrison says builders have multiple objections, ranging from the lack of a grandfather provision to the possibility that farmers might be unwilling to take land out of production unless offset prices were extremely high and thus disadvantageous to developers. Harrison also said there is no trading market in place, and thus no way of measuring the actual impact. State officials hope to approve the regulatory change by the end of the year. Auction Averted Village Golf Club in Bankruptcy The Montgomery Village Golf Club has been put into Chapter 11 bankruptcy protection, averting a planned auction. The case was filed in mid-august, prior to an expected auction at the end of the month, and would give Club owner Jack Doser additional time to find a buyer for the Club or otherwise reorganize its balance sheet. About the same time that the Club went into a bankruptcy, a lawsuit was filed in Circuit Court by an apparent affiliate of Monument Realty, MR MVGC Capital LLC, claiming that the Golf Club breached an agreement to negotiate with it over the sale of the course. Monument officials didn t return phone calls but the plaintiff in the case and Monument share the same address and suite number. The 147-acre golf course on Montgomery Village Avenue is the biggest undeveloped piece of land in the Village, and, because Doser has said publicly that operating the golf course is a losing proposition, has attracted steady builder attention right up to the bankruptcy filing. IDI Maryland and Artery Group are among the suitors who have tried to unlock its housing potential. But selling the course has posed problems, not only because many people in the Village want to keep it as a golf course, but because the current zoning and a Village population cap complicate development. Still, a vision statement crafted by the larger Village acknowledged development of at least a portion of the site, while preserving the course. It s likely that those questions won t be answered until a new Montgomery Village master plan, now on Park & Planning s work program, is begun. MR s lawsuit, meanwhile, claims that Doser breached an agreement to negotiate exclusively with it for a period of time over the summer. Qiagen Wants Office Space at the Ready Qiagen s bullish outlook for new business in the biotech sector can be measured quantitatively: about one half of a new building. The company is proposing a new 244,000 square foot office and lab building at its Germantown campus, but says it will intentionally occupy only half at the outset, leaving the remainder unoccupied but ready. Company officials say creating vacant space is part of a long-term strategy for a quick market response. In a letter to Park and Planning, company officials say that ready availability of such space will allow Qiagen to better leverage its facilities in responding to rapid changes in the biotechnology industry. Qiagen would eliminate two already-approved R&D buildings, and consolidate those operations into the new building. At five stories, the new building would include a conference center, manufacturing area, R&D space and administrative offices. The biotech already has a 59,600 square foot building underway. A Building Sale. Someone other than WRIT now owns 1700 Research Boulevard. WRIT isn t saying who it sold the 108,000 square foot building to, but the price was $14.3 million, or $140 per foot. Westat is the primary tenant in the building and Transwestern brokered the deal. 2

3 School Signs Up At Metro Plaza People with questions about which path to take in life might be pleased to know the answer can be found in Silver Spring. No, not by talking to the the over-sized acorn down by Newell Street, but at the American Career Institute, an Adult-Ed school soon coming to the Silver Spring Metro Plaza. ACI, based in Braintree, Massachusetts, signed a lease this summer for 22,237 square feet at 8403/8405 Colesville Road. The deal is one of several in the works, says Brookfield Office Properties Andy Jones, that will bring net new leasing to Metro Plaza. We re pleasantly surprised at the amount of activity we re getting, particularly from companies new to Silver Spring, he said. Brookfield recently put Nexight Group into 4,000 square feet, and bumped existing tenant SRBJ s space by 30 percent, in growing from 8,000 to 11,000 square feet. Several pending deals would also give out-of-towners a Silver Spring address. Luke Allen and George Santos of Manekin LLC represented ACI in the deal. State Lease Approved The state s Department of Education will use the same office space at Wheaton Shoppingtown it has been in since The agency s lease renewal for 4,050 square feet at Viers Mill Road in Wheaton was approved by the Board of Public Works last month, as well as for five previous months retroactively. The 10-year deal will cost the state $104,359 per year, or an average rent of $25.77 per foot. It had been paying $27.01 per foot. Westfield Corporation is the landlord, and has been providing unreserved parking at no cost. Gables Buys More Upper Rock Land The first phase of apartments at Upper Rock is open and about half leased, so Gables Residential is pushing ahead with Phase Two. Gables last month paid $12.72 million for the land on Choke Cherry Road in Rockville where it will build another 276 units. (The price includes rights to some of the parking spaces in the existing garage serving the Samhsa office building). Gables built 275 units in the first phase, and has now leased about 115 of them, starting from a face rate averaging about $2.05 per foot. There are plenty of apartments coming in Rockville but Gables, by dint of a deal it cut with land seller JBG Companies a few years ago, is ahead of much of it. We felt that given our lease-up pace on the first phase, there s a window to deliver product before the bulk of the pipeline hits, said Gables Jorgan Punda. NIH Signs 75,000 Footer with ARE NIH struck a 15-year deal with Alexandria Real Estate Equities that will put it in 75,056 square feet in Rockville. The deal, at 9800 Medical Center Drive in Rockville, is one of the largest transactions both for the government and for the biotech business here in The four-building complex at 9800 Medical Center Drive is now almost fully occupied by tenants that include Advanced BioScience Laboratories and Canon U.S. Life. Robert Scheer and Matt Brady of Scheer Partners represented ARE. Battery Lane Gets Examiner s OK Four buildings along Battery Lane could be redeveloped into nearly 700 residential units, the Hearing Examiner agreed in a newly released decision. The Examiner did reject one of applicant Alden Management s suggested alternatives: the one that would have given it 750 units at 4857, 4858, 4890 and 4900 Battery Lane. Otherwise, the Examiner passed on to the District Council support for a change to either PD-88 or PD-100 zoning for 5.6 acres. If ultimately approved, Alden would demolish three vintage, four-story apartment buildings and replace them with another three buildings of up to 11 stories. In all, 260 existing units would give way to 692. Kenwood Renovation Takes top Dollar Builder Marc Weller completed an extreme home makeover of the Chevy Chase variety recently, in selling a 75-year old Tudor for $4.525 million. Weller had bought 6408 Highland Drive in the Kenwood subdivision for $2.23 million in late 2010, but collected twice as much after a million dollar-plus renovation. Weller thoroughly remodeled the house, raising the ceilings in places and adding space. You couldn t build that house today for the same money, said Weller, and in my opinion Kenwood is screaming for more highend work like that. 3

4 EYA Advances Plan For Service Park The County Service Park s transformation into a residential community next to the Shady Grove Metro station took a giant leap forward last week, with the approval of a subdivision plan. The CSP is the long-time home to many of the county s warehouse and storage facilities, but it is gradually getting freed for development. Only the school bus parking lot hasn t found a new home, but otherwise, the various heavy uses at the 100-acre industrial park along Crabbs Branch Way are lined up to be relocated to other parts of the county. That will free the county s chosen developer EYA Inc, to complete planning and partial acquisition. The county and EYA cut a deal early last year in which EYA would entitle the entire park for about 2200 units, then acquire 1,521 of them, located on what is called the West Side. The county would find a different buyer for the remaining 700 units, on the East Side. Last Thursday s meeting resolved a variety of issues, like putting a new school site right next to a planned park site, and set both the East and West side up for detailed site plan applications. EYA s Bob Youngentob said his firm will move ahead on its site plan for both towns and multi-family, looking to time final approvals to the point at which the county has moved any existing uses off the West side and has torn down the buildings. EYA s 1,521 units are split into 1,194 market-rate and 327 affordable units. Of the market-rate, 856 are multi-family and 338 are towns. The contract EYA signed with the county obligated it to pay $110,628 for each of the townhouse lots, and $44,284 for the first batch of multifamily units. With NVR Wood Going into Village West Buchanan Partners has struck a deal to make Wood Partners the multi-family builder at Village West. Because Buchanan, as Buchanan Pinkard Germantown LLC, had tapped NVR as its townhouse builder from the outset, the Gaithersburg-based developer now has put all its 289 multi-family and 169 townhouse units in the Germantown project under contract. Village West, or the former Maartens property, is just over 26 acres on Wisteria Drive at Waters Drive. To accommodate Wood s product, Buchanan has submitted an amended plan that shows three instead of four multi-family buildings, allowing for a gateway entrance that separates it from the 14,000 square feet of commercial. The developer also wants a new maximum height of 65 feet, or five stories instead of four, and to add 15 units for a total of 304 apartments. Also, instead of meeting LEED certification on two of the four buildings, Buchanan is now proposing that the three redesigned buildings all be LEED certified. Vacant Space Now Vacant for Real A block of office space that has largely sat empty but leased for the last five years is coming back to the Bethesda market. Since 2007, American Capital Strategies has paid the rent at 4800 Montgomery Lane, or Hampden Square, while mostly leaving the space unoccupied. But the lease lapses at the end of the month, making the space available again come October. It was ABT that actually leased the 64,500 square feet at the American Realty Advisors building five years ago. But ABT assigned its lease to ACS, at a time when financial firms were booming, and competing to control blocks of space in town, little realizing that a credit crunch loomed that would threaten their very existence. Of that original 64,500 feet, some was subleased or returned to ARA, and estimates on the street today put the amount of space coming back at between 40,000 and 45,000 square feet. That includes two floors of over 14,000 square feet each. Bethesda is the healthiest market in the county, but several large Class A blocks are already competing for tenants, at 7700 Old Georgetown Road and 7550 Wisconsin Avenue. Blackwell II Foreclosure Scheduled Blackwell II s long odyssey through special servicing is nearing an end, with a foreclosure sale slated for September 13. The 102,467 square foot office building at 9600 Blackwell Road goes to foreclosure sale on September 13. LNR is the special servicer, with CBRE as receiver. There is currently 75,000 square feet available on three floors. An affiliate of Foulger Pratt had borrowed $31.2 million from Greenwich Capital on the building, but court documents indicate that the total debt has risen to $39.1 million. 4

5 Say Landlords It s Too Close to Rent Control Ike Leggett s proposal for stricter reporting on rental increases is a first step toward rent control, say a group of multi-family landlords. The group has a meeting scheduled with the county executive in the next two weeks, hoping to derail the effort, which stemmed from a Tenant Work Group (TWG) report. They want to regulate us like we re a public utility, said Southern Management Corporation s David Hillman. We re a business. Hillman said rent control depresses rents and tax revenues, and said the county should instead be fostering rental income growth. Earlier this summer, Leggett sent a letter to the Council supporting much of the TWG s efforts, but distancing himself from Councilmember Marc Elrich s farther-reaching proposal to penalize those developers who push rents well above a set of Voluntary Rent Guidelines. Leggett said that while Elrich s proposal is not as stringent as strict rent control, it is still a form of rent control, which I do not support. But Leggett said he could back a list of new guidelines that would strengthen rent increase reporting, including more citations for landlords failing to report, and a public list of those properties that both comply or exceed the voluntary guidelines. Reporting is already mandatory, but rarely enforced. Even so, the great majority of landlords do report - 94 percent. Leggett s plan would get the other six percent. Importantly, Leggett also supports requiring a justification from landlords as to why they would need a rent increase above the voluntary guidelines. It s that kind of change that has landlords like Hillman concerned that Leggett s proposal will only embolden rental control advocates. Leggett also supports longer notification lead times to tenants for rental increases from 60 to 90 days, and shorter periods for tenants to cancel their lease if they wanted to move, from 60 to 30 days. Matt Losak, head of the Renters Alliance, says landlords are pushing rent increases with impunity. We re seeing rents go up 9, 10, 12, and even 40 percent, he said. Renters should not feel as if they can be kicked out at any point. Meanwhile, at an upcoming meeting at the County Council this fall, Elrich is expected to push his plan for rent stabilization his words or an alternative. But housing chief Nelson said that Leggett s goal is just the opposite: to press reporting requirements in order to stay away from rent control. In Brief The sale of Georgian Towers closed as predicted in our last issue. Panzer Properties, third in line through a bankruptcy auction, paid $168 million for the 891-unit complex in downtown Silver Spring.A small office and retail building in Bethesda changed hands. A partnership named 7000 Wisconsin Avenue LLC paid $4.5 million for the 8,832 square foot building at the same address. It s home to Orvis fishing equipment on the first floor..at Closing: Montgomery County paid $90.25 million for the 768 units at The Hamptons, in Germantown. Harbor Group International sold the complex and will continue to manage it. CBRE brokered the deal. Building Permits Issued August 5 31, 2012 (This may seem like a lot of permits, but remember that we skipped an issue for vacation). Bethesda / Chevy Chase Fairfax Development Corporation, 2700 S. Nelson Street, Arlington, Va , (703) , to build a $500,000 unit at 8314 Loring Drive, Bethesda, in Bradley Park; Jonathan W. Haddon, 5911 Carlton Lane, Bethesda, Md , (301) , to build a $550,000 unit at 5911 Carlton Lane, Bethesda; Tony Vanbrackle, 8607 Bradmoor Drive, Bethesda, Md , (301) , to build a $400,000 unit at 9200 Burning Tree Road, Bethesda, in Bradley Hills Grove; Jeffco Development Corp, Arroyo Drive, Rockville, Md , (301) , to build a $600,000 unit at 5820 Plainview Road, Bethesda, in Kenwood Park; Douglas Construction Company, 8429 Fox Run, Potomac, Md., (301) , to build a $350,000 unit at 5501 Glenwood Road, Bethesda; Rembrandt Homes, 5825 Rolling Drive, Derwood, Md , (301) , to build a $200,000 unit at 6420 Wiscasset Road, Bethesda, in Glen Echo Heights; Sandy Spring Builders, 4302 East West Highway, Bethesda, Md , (301) , to build an $800,000 unit at 7604 Glenbrook Road, Bethesda, in Edgemoor; RAD Development, Falls Road, Potomac, Md , (202) , to build a $550,000 unit at 8016 Bradley Blvd, Bethesda; Anne Hawkins,5410 Surrey Street, Chevy Chase, Md , (202) , to build a $750,000 unit at 4812 Falstone Avenue, Chevy Chase, in Somerset Heights; Clarksburg Craftmark Homes, (703) , to build a $300,000 unit at (Continued on Page 6) 5

6 Building Permits Issued (from p. 5) Kigger Jack Lane, Clarksburg, in R.T. Schaeffer Farm; NVR Inc., 4780 Corridor Place Suite B, Beltsville, Md , (301) , to build five $145,000 unit in Clarksburg, at: Castle Oak Road; Heron Neck Terrace; Apple Orchard Way; 2208 Kerry Dale Court; 2200 Kerry Dale Court; Gaithersburg / Germantown Mitchell and Best, 1686 E. Gude Drive, Rockville, Md , (301) , to build a $225,562 unit at Sycamore Hollow Lane, Germantown, in Long Meadows; Shao Guodong, 407 West Side Drive, #302, Gaithersburg, Md , (240) , to build a $530,000 unit at Turkey Foot Road, Gaithersburg; Shilong Zhong, 9820 Mahogany Drive, Gaithersburg, Md , (240) , to build a $550,000 unit at Turkey Foot Road, Gaithersburg; Ralph Mobley, Jr East Gude Drive, Rockville, Md , (240) , to build a single-family unit at Sycamore Hallow Lane, Germantown; Olney Stanley Martin Co., (703) , to build a $159,000 unit at 218 Harbinger Drive, Olney, in Preserve at Rock Creek; Winchester Homes, (301) , to build two $200,000 units in Preserve at Rock Creek, Olney, at: 219 Harbinger Drive; 221 Harbinger Drive; Toll Brothers,(410) , to build a $200,000 unit at 104 Brimstone Academy Court, Olney, in Olney Estates; Silver Spring Winchester Homes, 6905 Rockledge Drive, #800, Bethesda, Md , (301) , to build nine $200,000 units in Poplar Run, Silver Spring, at: Blue Stem Lane; 1405 Poplar Run Drive; Night Sky Drive; Moonlight Trail Drive; 1409 Poplar Run Drive; Night Sky Drive; Night Sky Drive; Early Light Lane; Night Sky Drive; Reel Homes, LLC,10625 Jones Street, 101A, Fairfax, Va , to build a $125,000 unit at Thompson Rd., Silver Spring; Other Locations Winchester Homes, 6905 Rockledge Drive, #800, Bethesda, Md , (301) , to build three $200,000 units in Stoney Springs, Poolesville, at: Bupp Road; Spurrier Avenue; Cobb Avenue; Shiri L. Turnbow, Spring Meadows Drive, Darnestown, Md , (301) , to build a $700,000 unit at Drews Lane, Potomac, in Merry Go Round Farm; Pulte Home Corporation,10600 Arrowhead Drive, Suite 225, Fairfax, Va , (703) , to build three $195,800 units in Leesborough, Wheaton, at: Amherst Avenue; Amherst Avenue; Amherst Avenue; Stanley Martin Co., Sunset Hills Road, #200, Reston, Va , (703) , to build two $159,000 units in Orchards of Sandy Spring, at: 1028 Oakwood Manor Drive; 1020 Oakwood Manor Drive; Foxhall Homes, Aubinoe Farm Drive, Bethesda, Md. 2084, (240) , to build a $315,000 unit at Kruhm Road, Burtonsville; Toll Brothers, 7164 Columbia Gateway Drive, #230, Columbia, Md , (410) , to build two $200,000 units in Shady Grove Crossing, at: 305 Picea View Court; 8218 Castanea Lane; Craftmark Homes, 6820 Elm Street, #200, McLean, Va. (703) , to build a $300,000 unit at 9015 Damascus Hills Lane, Damascus; Commercial Permits Issued August 5 31, 2012 Holy Cross Hospital, 1500 Forest Glen Road, Silver Spring, Md. (301) , to build a $97.9 million hospital at Observation Drive, Germantown; Gallery Associates LLC, c/o Donohoe Real Estate, 2101 Wisconsin Avenue N.W., Washington, D.C (202) , to build a $39.7 million 234 unit apartment building and garage at 4800 Auburn Avenue, Bethesda; Parklawn North Lot LLC, 4445 Willard Avenue, Suite 400, Chevy Chase, Md (2 40) to build a $43.6 million building at 5601 Fishers Lane, Rockville; Home Properties, 8229 Boone Boulevard, Suite 500, Vienna, Va (703) , to build a $600,000 garage at 1100 Bonifant Street, Silver Spring; Davita, Inc, 157 Petticoat Bridge Road, Columbus, NJ 08022, (908) to build $800,000 interior alterations at 5544 Norbeck Road, Rockville; (Continued on page 7) 6

7 Commercial Permits Issued (from p. 6) Parklawn North Lot LLC, 4445 Willard Avenue, Suite 400, Chevy Chase, Md (240) to build a $6,000,000 garage at 5601 Fishers Lane, Rockville; Shady Grove Medical Building, LLC, 1650 Tysons Boulevard Suite 820, McLean, Va (703) , to build a $1,300,000 tenant fit-out at 9905 Medical Center Drive, Rockville; Micharl T. Fries, North 77 th St, #100, Scottsdale, Az (602) , to build a $315,000 tenant improvement at 6708 Wisconsin Avenue, Chevy Chase; Noorallan Nelson & Associates, 4640 Forbes Boulevard Lanham Md (301) , to build a $675,000 interior alteration at 8218 Wisconsin Avenue, Bethesda; Mike Lowe, 101 Monroe Street, Rockville Md , (240) , to build a $1,800,000 Salt Dome at Cape May Road, Silver Spring; Archdiocese of Washington, Georgia Ave, Silver Spring, Md (301) , to build a $200,000 interior alteration at Georgia Avenue, Silver Spring; JBG Rosenfeld, 4445 Willard Avenue, #700, Chevy Chase, Md , (301) , to build a $500,000 fitout at Woodglen Drive, Rockville; Sandy Spring Friends School, Norwood Road, Sandy Spring, Md , (301) , to build $750,793 solar panel field at the same address; Abisco Hospitality Group, 6924 Old Stage Road, Rockville, Md. (857) , to build a $250,000 fit-out for Aroma Espresso Bar, at Westfield Shoppingtown Montgomery; Jeff Mahler, 811 Cromwell Park Dr, #113, Glen Burnie, Md , (410) , to build a $135,000 fit-out for Dunkin Donuts, at 8401 Colesville Road, Silver Spring; Alexandria Real Estate, 46 Clopper Road, Gburg, Md , (240) , to build a $24.4 million fit-out of 75,000 square feet at 9800 Medical Center Dr, Gaithersburg; MGAC, th Street NW, Washington, DC, 20001, (202) , to build a $157,683 alteration of 2,646 square feet at Old Georgetown Road, Bethesda; Bank of Georgetown, st Street, NW, #18, Wash, DC, 20007, (301) , to build a $350,000 alteration of 3,456 square feet at 5410 Wisconsin Avenue; Johns Hopkins Community Physicians, Baltimore, Md., or c/o Minkoff Development, to build a $126,446 fit-out of 3,735 square feet at Seneca Meadows Parkway, Germantown; Kaiser Permanente, 2221 Broadbirch Drive, Silver Spring, Md , (703) , to build a $300,000 alteration of 48,801 square feet at the same address; Deerfield Construction, 610 Professional Drive, #210, Gaithersburg, Md , (301) , to build a $313,500 fit-out at Observation Drive, Germantown; Board of Education, 850 Hungerford Drive, Rockville, Md., to build a $950,000 renovation at Shady Grove Middle School, 8100 Mid-County Highway, Gaithersburg; Buchbinder, Tunick & Co, 6116 Executive Blvd, #201, Rockville, Md., to build a $200,000 fit-out of 5,015 square feet at 6720 Rockledge Drive, Rockville; Rockville Building Permits Issued NTC Mazzuca Contracting, Guilford Road, #A, Annapolis Junction, Md , (410) , to build an $80,800 tenant fit-out for Collaborative Practice, at 51 Monroe Street; U.S. General Contracting, 4080 Lafayette Center Drive, #270, Chantilly, Va., 20151, (703) , to build a $159,000 lobby renovation at Piccard Drive; K3 Construction Group, 1910 Association Drive, #200, Reston, Va , (703) , to build a $1.1 million tenant fit-out at 1401 Rockville Pike, #600; Hsu Development, 1335 Rockville Pike, #255, Rockville, Md., (301) , to build a $117,825 fit-out at 1 Preserve Parkway, #620; Kane Construction, 438 N. Frederick Avenue, #400, Gaithersburg, Md , (301) , to build a $113,000 fit-out for MotionSoft, at 1801 Rockville Pike, #110; Therrien Waddell Inc., 100 Lakeforest Blvd, #600, Gaithersburg, Md , (301) , to build a $130,423 fit-out for Mt. Calvary Baptist Church, at 608 N. Horners Lane; J.G. Associates, 7401 Westlake Terrace, #1208, Bethesda, Md , (301) , to build a $230,000 fit-out for Darcars Chrysler Dodge at 755 Rockville Pike; Preliminary Plans Submitted A Village West at Germantown Town Center. Zoned MRX acres. Amend application to add 15 multi-family units (for total 304) and allow five-story instead of four-story max height. Previous approvals also include 166 townhouses and 14,426 square feet of retail. Located in the southwest quadrant of the intersection of Wisteria Drive and Waters Road, Germantown. Appl: Village West LLC and Buchanan Pinkard Germantown, 3841 Washingtonian Blvd, #300, Gaithersburg, Md. (301) Preliminary Plans Approved September 6, Shady Grove Station. Zoned TMX acres. Propose 2,210 residential units, 133,250 sf office, 41,828 sf retail and a library. Located on Crabbs Branch Way, south of Shady Grove Road, adjacent to the Shady Grove Metro Station, Gaithersburg. Appl: EYA, 4800 Hampden Lane, #300, Bethesda, Md (301)

8 Site Plans Submitted F Qiagen Campus at Germantown. Amend previous approvals to allow new five-story, 244,000 square foot building and two level parking garage; eliminate two previously approved buildings. Located at Germantown Road, Germantown, Md. Appl: Qiagen Sciences, c/o Paul Nevins, Germantown Road, Germantown, Md , (301) Engineer: Greenhorne & O Mara, (301) Record Plats Approved September 6, Washington Rockville Industrial Park. Zoned RMX-3C. 3 parcels. Located in the northeast quadrant of the intersection of Route 355 and Randolph Road, Rockville. Appl: BVS Montrose LLC, 1720 Post Road, Fairfield, Ct., Hearing Examiner Decisions G-909 Glenwood Glen Aldon LLC. Request R-10/TDR to PD-100 or PD-88 for multi-family redevelopment acres. Located at 4857, 4858, 4890 and 4900 Battery Lane, Bethesda. Currently improved with 260 units, propose 692 units in up to 11-story buildings. Appl: Aldon Management, 7900 Wisconsin Avenue, #403, Bethesda, Md (301) Recommend Approval. Real Estate Transactions of Note Belward North LLC, c/o Foulger Pratt Co., Rockville, Md , to BMR-9901 Belward Campus LLC, c/o BioMed Realty Trust, San Diego, Ca. Lot 3 in Thomas Property. Located at 9901 Belward Campus Drive. Improved with 51,408 square foot office building. Zoned Commercial. Tax ID: Liber 44499, page 165. Deed date: July 18, Price: $15,350,000. Deed of Trust: Assume $13.3 million note with Bank of America. Del Ray Acquisition LLC, c/o Foulger Pratt Co., Rockville, Md., to BMR-9900 Belward Campus LLC, c/o BioMed Realty Trust, Bernardo Center Drive, San Diego, Ca. Lot 1 in Belward Campus Drive. Located at 9900 Belward Campus Drive, Rockville. Improved with 48,477 square foot office building. Zoned Commercial. Tax ID: Liber 44499, page 106. Deed date: July 18, Purchase price: $10,820,000. Deed of Trust: Assume $10.82 million note with Bank of America. Alhar 7000 LLC to 7000 Wisconsin Avenue LLC, Sarkis Satian, 12 Leatherleaf Court, Gaithersburg, Md Part of Lot 6 (Block 2) in George P. Sack s Subdivision. Located at 7000 Wisconsin Avenue, Bethesda, Md Lot is 5,254 square feet. Improved with 8,832 square foot retail/office building. Zoned Commercial. Tax ID: Liber 44500, page 448. Deed date: July 10, Purchase price: $4,500,000. Deed of Trust: Assume $3.21 million loan with Wells Fargo Bank. Jordan M. Spivak, Substitute Trustee, to 900 Thayer Avenue LLC, c/o Redbrick Partners, 1616 H Street, #600, Washington, DC, Thru Foreclosure. Lot 11 (Block F) in R. Holt Easley s Addition. Located at 900 Thayer Avenue, Silver Spring, Md Lot is 28,526 square feet. Improved with 159,700 square foot building. Zoned Commercial. Tax ID: Liber 44514, page 252. Deed date: August 2, Purchase price: $4,750,000. RESIDENTIAL Brian T. Westrick to C.M. Conlan Contractors & Builders, S. Glen Road, Potomac, Md Lot 15 (Block H) in Alta Vista Terrace. Located at 5925 Conway Road, Bethesda, Md Lot is 7,150 square feet. Improved with house (built 1951). Zoned Residential. Tax ID: Liber 44596, page 430. Deed date: August 3, Purchase price: $575,000. Laurel J. Digweed to 8505 Rayburn LLC, c/o Carole Sherman, 5825 Bradley Blvd, Bethesda, Md Lot 27 (Block 6) in Bradmoor. Located at 8505 Rayburn Road, Bethesda, Md Lot is 10,846 square feet. Improved with house (built 1949). Zoned Residential. Tax ID: Liber 44509, page 148. Deed date: July 20, Purchase price: $687,500. Revocable Trust Agreement of Fred Begun to Mid- Atlantic Custom Builders Inc., Old Georgetown Road, 2 nd Fl, Rockville, Md Lot 12 (Block 2) in Burning Tree Estates. Located at 7709 Glennon Drive, Bethesda, Md Lot is 22,414 square feet. Improved with house (built 1955). Zoned Residential. Tax ID: Liber 44611, page 446. Deed date: July 31, Purchase price: $685,000. MULTI-FAMILY JBG/Market Square II, LLC, c/o JBG Co, 4445 Willard Avenue, #400, Chevy Chase, Md , to Upper Rock II, LLC, c/o Gables Residential, 8280 Greensboro Drive, McLean, Va Lots 9G and 9L-3 in Danac Technological Park. Located at 3 Choke Cherry Road, Rockville, Md. Unimproved; planned for 276 apartment units. Tax ID: and Liber 44570, page 24. Deed date: August 2, Purchase price: $12,720,000. The Maryland Newsletters Montgomery & Prince George s Newsletters and the Howard/Arundel Report. Subscription: $215/year (24 issues). PO Box 1358, Olney, Md (301) Web site: support@marylandnewsletters.com