The website's parent company, AWS Convergence Technologies Inc.,committed to a five-year lease on the space. Terms of the agreementwith Keith Foery and Phillip McCarthy of Transwestern CommercialServices--which represented property owners ARGO Investments, apartnership involving Foulger-Pratt and the Peterson Cos.--have notbeen disclosed. However, according to Advantis Real Estate ServicesCo.'s Third Quarter 2004 Office Report, class A office space in theGermantown/Olney submarket goes for an average $23.75 per sf.
Occupying a 36.5-acre parcel, Milestone Business Park sits offI-270 in Montgomery County and has the capacity to accommodate anadditional 500,000 sf of space. The property is also home to ACSEducation Solutions/ACS State and Local Solutions, which signed a10-year lease on 96,600-sf just last month.
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