NEWS

Social & Scientific Systems, Inc. has renewed and extended its long-term lease at Washington Property Company’s Silver Spring (MD) Plaza office building following its acquisition by Atlanta-based DLH Holdings Corporation earlier this year. The public health research company, now operating as a wholly owned subsidiary of DLH, has leased 66,078 square feet for a term of 11 years.

James V. Cahill of Jones Lang LaSalle represented the tenant in the transaction, while Joshua Gurland, Vice President of WPC represented the owner.

“This is a meaningful transaction, especially in the wake of The Discovery Channel’s recent move from its 550,000 square foot headquarters in Silver Spring to New York,” said Gurland. “The merger of Social & Scientific Systems with DHL could have taken them anywhere in Montgomery County. Together with Jim Cahill, we were successful at designing a transaction that meets their current and long-term needs, allowing us to retain them in our building.”

Silver Spring Plaza, originally built in 1970, was acquired by WPC in 1998 and fully renovated in 2001. The 14-story, 242,000 SF multi-tenant office building located at 8757 Georgia Avenue in downtown Silver Spring offers tenants a range of amenities including a micro-market, fitness center with lockers and showers, and a large outdoor patio. In addition to Social & Scientific Systems, the building’s tenants include Conflulytics, GEICO, National Children’s Center, LifeMatters, and Catholic Legal Immigration Network.

Within a few blocks of the building are the Silver Spring Metrorail and multi-modal transportation hub, a future Purple Line light rail station, and dozens of thriving shops, restaurants, micro-breweries, and entertainment options. Hundreds of new and recently built rental apartments, including two luxury residential towers developed by WPC, also are located nearby.

Washington Property Company (www.washproperty.com) is a full-service commercial real estate company located in Bethesda, Maryland. Established by Charles K. Nulsen, III, WPC is involved in a full range of real estate investment services including acquisition, land use, development, property management, leasing, and construction management. WPC has developed more than eight million square feet of commercial space in the Washington, DC metropolitan area and currently has over 1.6 million residential square feet under development. WPC is actively pursuing office, multi-family, retail, and mixed-use development opportunities throughout the region. Through its management company, WPC Management, LLC, Washington Property Company manages over 1.8 million square feet of commercial space.