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9412711
9412710

704 Russell Avenue, Gaithersburg, MD 20877 For Lease

PR
MD 5132768
Cushman & Wakefield - Bethesda, Maryland
BG
MD 514651, VA 0225227073 (+1)
MD
WRS Inc Real Estate Investments
WRS Inc. Real Estate Investments
Heritage Partners
Listed by Cushman & Wakefield - Bethesda, Maryland, WRS Inc Real Estate Investments, WRS Inc. Real Estate Investments, Heritage Partners
Undisclosed Rate
628 days on market
Updated 17 days ago

Lakeforest

Building Details
Property Type Retail, Office (+2)
Sub Type Traditional Office, Shopping Center (+2)
Tenancy Multiple
Total Building SqFt 3,600,000
Vacant SqFt 3,600,000
Total Parking Spaces 1998

Spaces

Retail | 1 space available | 100 acre - 579 acre

Building description

Situated on approximately 100 acres, WRS Inc. Real Estate Investments is planning to completely redevelop the existing Lakeforest Mall property into multi-use employment, retail, residential and entertainment destination.

Gaithersburg occupies approximately 10 square miles in the geographic center of Montgomery County, Maryland. The southeastern border of the City lies just 13 miles from the northwestern border of Washington, D.C.

With more than 70,000 residents located in the heart of Montgomery County, Gaithersburg is one of the largest cities in Maryland. Gaithersburg has an excitingly diverse population and combines a respect for its heritage, demonstrated by revitalization efforts in the Olde Towne residential and commercial district, with thoughtful planning for new communities.

Businesses in Gaithersburg range from world renowned technology companies to family-owned restaurants and service providers. And with indoor and outdoor aquatic facilities, a skate park, miniature golf course, and award-winning recreational and cultural enrichment programs, people of all ages enjoy an exceptional quality of life in Gaithersburg. Home to more than 4,000 businesses in the heart of the Washington-Baltimore region, Gaithersburg is in the middle of the fourth largest retail market in the U.S., and is central to the Boston-Atlanta Corridor.

Building highlights

  • 102 Acres Plot
  • 1,600 Units Residential
  • 750,000 SF Employment
  • 470,000 SF Retail
  • 1,998 (4.25/1k) Retail Parking
  • 5-Mile Radius Population: 295,958
  • 5-Mile Radius Households: 108,521
  • 5-Mile Radius Businesses: 12,590
  • 5-Mile Radius Employees: 148,120
  • Average HH Income: $156,142
  • Median HH Income: $124,471
  • Block B Ground Floor Retail: 58,000 SF, 92 Parking Stalls
  • Block C Total Retail Space: 316,000 SF, 600 Multi-Family Units
  • Block E Available Retail: 53,152 SF, 250 Multi-Family + 50 Condos
  • Block F: Up to 100,000 SF Retail Available, 86 Condo Units
  • Proposed Metro Transit Station at Block F

Listing Contacts

PR
MD 5132768
Cushman & Wakefield - Bethesda, Maryland
BG
MD 514651, VA 0225227073 (+1)
MD
WRS Inc Real Estate Investments
WRS Inc. Real Estate Investments
Heritage Partners
Listed by Cushman & Wakefield - Bethesda, Maryland, WRS Inc Real Estate Investments, WRS Inc. Real Estate Investments, Heritage Partners

Property History

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Additional Information

Name
Peter Rosan
License
5132768
Brokerage
Peter Rosan
Title
Executive Managing Director
Name
Brian Greene
License
514651
Brokerage
Heritage Partners, LLC
Brokerage Address
2568A Riva Road
*All information is deemed reliable but not guaranteed. Lessee to verify all information.
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