Abt Associates recently signed a full-building lease for 6130 Executive Blvd., a 155,000-square-foot building the National Cancer Institute vacated in fall 2013. Abt Associates is a consulting practice focusing on climate change, education, agriculture, health, income, food secrity, and the environment. Abt Associates has had an office at 4550 Montgomery Ave. in Bethesda since 2004.
According to the Washington Business Journal, Monument Realty and Angelo, Gordon launched a roughly $10 million renovation of 6130 Executive Blvd. and its companion at 6120 Executive Blvd. to appeal to tenants looking to upgrade without paying the premium that comes with new buildings.. The rental rate per square foot at Executive Plaza ranges from the high $20s to low $30s, a discount of up to $10 per square foot or more for new construction.
Friends of White Flint executive director Amy Ginsburg co-led a panel at the February Bisnow conference with Monument Realty Executive Vice President Doug Olson. During the discussion, Doug mentioned that his company has two buildings on Executive Boulevard with “probably the largest block of vacant space in Montgomery County.” Doug had added that Pike and Rose, renovations, and other amenities had caused an unnamed tenant to sign a letter-of-intent. We now know that the unnamed tenant is Abt Associates.
According to Bethesda Beat, Monument Realty Principal Michael Darby said in a statement, “The extensive revitalization of the White Flint area makes Executive Plaza an increasingly attractive option for Maryland businesses and it’s now evident that demand will only increase with these positive changes to the neighborhood.”