Bruce McNair, Bill Morris, Will Travis and Josh Hartman of Grubb& Ellis Co. represented the tenant. The lease, which wasexpanded by some 3,000-sf brings the 164,891-sf, class A officebuilding to full occupancy, McNair tells


In this submarket, he says, a fully occupied building is a bitunusual. "There has been a slowdown in tenant demand in the 270corridor. At that same time there is new construction all the wayfrom Rock Spring North to Gaithersburg." Asking rates in the ShadyGrove Rd. submarket range between $26 per sf to $37 per sf. "Thistransaction allows Avendra to maximize their operational efficiencyand accommodate future growth," he says.

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