Shady Grove Fertility Leases 50,000 Sq Ft At Shady Grove Medical Pavilion In Rockville, Md
Shady Grove Medical Pavilion now nearly 70% leased
DENVER: Broe Real Estate Group (“Broe”), an affiliate of The Broe Group, has announced a 15-year lease with Shady Grove Fertility for 50,000 square feet at the Shady Grove Medical Pavilion in Rockville, MD. Located at 9601 Blackwell Road, the 122,000 square foot Class A building is situated in the heart of the Shady Grove Life Sciences Center and within walking distance of both the Shady Grove Adventist Hospital and Johns Hopkins’ Montgomery County campus.
“We are excited to continue to offer our patients world class premier fertility services in an expanded state of the art facility in Rockville. Working with Broe Real Estate Group has been a wonderful experience and we look forward to a long successful relationship with them,” said Mark Segal, CEO, Shady Grove Fertility.
Shady Grove Fertility is the fourth medical group to commit to the property this year, joining Shady Grove Orthopedics, Adventist Healthcare (radiology center) and Schreiber Allergy. Since acquiring the asset in August 2014, Broe has leased more than 70,000 square feet and increased the percentage of the property leased from 10% to 68%. Broe is actively marketing the remaining 48,000 square feet of available space exclusively to medical service providers.
“Attracting another prestigious medical provider like Shady Grove Fertility represents a major step forward in our efforts to establish Shady Grove Medical Pavilion as the premier medical office facility in Rockville. Both tenant and landlord have made a significant commitment to this property and we look forward to providing a first class facility and real estate services over the next several years” said Brian Cornell, Vice President at Broe Real Estate Group.
Nicholas Zuppas of Gittleson Zuppas represented the tenant in the transaction and Chuck Feitel and Leonard Brown of HPRG represented the landlord. More information about Shady Grove Medical Pavilion can be found at www.shadygrovemedical.com.
Note to Editors: Photos of Shady Grove Medical Pavilion are available.
About Broe Real Estate Group
Broe Real Estate Group acquires, develops and manages commercial real estate assets. Affiliated companies own and manage office and industrial properties, medical office buildings and multi-family communities across the country, including premier assets in many of the most desirable markets. For more than 40 years, the company has operated a comprehensive real estate platform to provide complete solutions to maximize return on investment. Additional information is available at www.broerealestate.com.
About The Broe Group
The Broe Group, based in Denver, Colorado, is a diversified privately-owned enterprise with a multi-billion asset base. The Broe Group and its affiliates employ more than 1,000 people directly and provide employment for countless others through its Great Western Industrial Park in Northern Colorado. The Broe Group and its affiliates own and/or manage commercial real estate and other businesses across North America. Its transportation affiliate, OmniTRAX, Inc., is a leading transportation services firm with railroad, port and terminal operations, and is the 2nd largest operator of short-line railroads in the U.S. Its energy affiliate, Great Western Oil & Gas Company, is a top 10 driller in Colorado and among the top 100 drillers in the U.S. The Broe Group has multiple other investment affiliates, including Three Leaf Ventures, which is focused on innovative healthcare technology start-ups. For more information, see www.broe.com.
About Shady Grove Fertility
Shady Grove Fertility is a leading fertility and IVF center of excellence offering patients individualized care, innovative financial options, and pregnancy rates among the top 5 percent of all national centers. Since 1991, more than 37,000 babies have been born to patients from all 50 states and over 35 countries around the world. Shady Grove Fertility physicians actively train residents and reproductive endocrine fellows and invest in continuous clinical research and education to advance the field of reproductive medicine through numerous academic appointments and partnerships with Georgetown Medical School, Walter Reed, and the National Institutes of Health. Today, 32 reproductive endocrinologists, PhD scientists, geneticists, and more than 600 highly specialized Shady Grove Fertility staff care for patients in 18 full-service offices, and four satellite sites throughout Pennsylvania, Maryland, Virginia, and Washington, DC. For more information, call 1-888-761-1967 or visit www.ShadyGroveFertility.com