Federal Realty Lands Tenant For Top Floor Of New Pike & Rose Office Building

United Solutions signed a lease for 20,602 square feet on the entire 11th floor of the 909 Rose office building at Pike & Rose. This new lease leaves 909 Rose with only one-third of the space left to lease.

Currently based at 51 Monroe St. in downtown Rockville, United Solutions focuses on a variety of technological products involving blockchain, artificial intelligence and automation. 

“Our success has enabled us to expand our reach, and subsequently, expand our workforce,” United Solutions CEO David Nguyen said in a release. “We look forward to growing in a state-of-the-art space and amenity rich neighborhood that will enhance employee morale, recruiting and engagement.”  

Federal Realty Signs Tech Innovator United Solutions to North Bethesda Office

909 Rose Avenue

909 ROSE AVENUE PHOTO: BY FEDERAL REALTY INVESTMENT TRUST

From Commercial Observer

Tech company United Solutions has signed a 20,602-square-foot lease to take the top floor at 909 Rose Avenue, a 212,000-square-foot office building in the Pike & Rose neighborhood of North Bethesda, Md., with landlord Federal Realty Investment Trust

Rockville, Md.-based United Solutions, which offers technological products involving blockchain, artificial intelligence and automation, plans to move into the building this winter.

“We are grateful for the opportunities we have had with our federal government partners and organizations around the world, to help them realize the power of cutting edge technologies to reinvent businesses and protect workforces,” David Nguyen, United Solutions’ founder and CEO, said in a release. “Our success has enabled us to expand our reach, and subsequently, expand our workforce. We look forward to growing in a state-of-the-art space and amenity rich neighborhood that will enhance employee morale, recruiting and engagement.” 

Federal Realty opened the 11-story, LEED Gold-certified office building last summer, and moved its own headquarters into the second and third floors. Earlier this year, workplace provider Industrious signed a 42,768-square-foot lease in the same building. OneDigital is also currently in the building, which is now two-thirds leased.

The building features contactless entry throughout the parking garage, lobby and elevators, and an HVAC system that meets enhanced health and safety standards. It also offers outside air filtered to levels appropriate for general surgery rooms.

“Federal is committed to getting people back to work safely, in dynamic buildings with advanced health and wellness attributes, such as 909 Rose,” James Milam, Federal Realty’s senior vice president, said. 

909 Rose is part of the 24-acre, transit-oriented Pike & Rose neighborhood that Federal Realty is developing. It includes a residential component as well as dining and entertainment options. 

Federal Realty to Move Headquarters to Pike and Rose

Federal Realty announced that it has topped out at 909 Rose in North Bethesda’s Pike & Rose neighborhood. The 200,000-square-foot Class A office building will include Federal’s new headquarters. 

“Federal is proud to work with DAVIS Construction for the first time. With more than 100 years of combined history in Montgomery County, it has been great to partner on a project that will bring an additional 1,000 office employees to the Pike & Rose neighborhood each workday,” said Jay Brinson, Director of Development, Federal Realty.

“The topping out of 909 Rose is a testament to the full team effort that contributed to this project,” said Tyler Moyer of DAVIS Construction. “There was a great deal of rain at the start and we thought we might fall behind schedule. However, we prevailed to meet the project timeline thanks to Miller & Long who stepped up to the plate and got it done.”

909 Rose is a new, mixed-use, 200,000-square-foot Class A office building with ground floor retail. The building includes a dedicated office lobby with shared amenity spaces including a fitness center with full service locker rooms, bike storage, and a rooftop lounge and terrace. With a Wired Silver Certification, 909 Rose is the most interconnected and cloud-ready office building in the Washington Metro region.

Offering a Federal Realty planned and managed neighborhood, 909 Rose is easily accessible from all major highways and public transportation (one block to Metro’s Red Line), and has abundant on-site parking.

Since its opening in 2014, the transit-oriented neighborhood has grown to 391,000 square feet, including over 40 tenants of thoughtfully merchandized retail space. The selection of restaurants (including Summer House Santa Monica, Fogo de Chao, &pizza, Baked Bear and Julii), retailers (including REI, Sephora, H&M, L.L.Bean and Sur La Table), a state-of-the-art Porsche dealership, and unique entertainment offerings (iPic Theaters, Pinstripes and AMP by Strathmore) have created a one-of-a-kind retail environment. The neighborhood is fully enhanced by the offerings of 99 luxury condominiums and penthouses uniquely positioned above Canopy by Hilton, a 177-key boutique hotel; 80,000 square feet of fully leased best-in-class office space; 765 luxury apartments; and a 17,000-square-foot rooftop farm.

Upon completion of Phase III, total investment at Pike & Rose will be approximately $700 million. For additional information about Pike & Rose, visit www.pikeandrose.com.