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Business Spotlight: Terring Wang Group

What services does your business offer?

Terring Wang Group is a full-service real estate firm specializing in both residential and commercial real estate, real estate investment consulting, and international buyer representation. We provide tailored solutions for buyers, sellers, investors, and developers — from strategic marketing and leasing to asset acquisition, investment planning, and commercial redevelopment.

What was the inspiration behind starting the Terring Wang Group?

After nearly two decades in the real estate industry, I founded Terring Wang Group to deliver a boutique, client-first approach powered by deep market knowledge and high-level industry connections. My goal has always been to help clients make smarter, long-term real estate moves that build true generational wealth — locally and globally.

What sets your company apart in a competitive market?

Our team brings together bilingual communication (English/Chinese), sharp market instincts, and a highly connected professional network that spans commercial and residential real estate across the DMV region.

What truly sets us apart is our leadership presence in the industry:
I currently serve as the Commercial Committee Chair of AREAA DC Chapter, sit on the Board of Directors for CCIM Mid-Atlantic, and contribute to the Commercial & Global Business Committees of Maryland Realtors. These roles provide insider access, insight, and opportunities that directly benefit our clients.

We don’t just close deals — we create opportunities, and we advocate for our community’s real estate future.

Can you share a milestone project that has defined your business’ presence in its industry?

Absolutely. One of our signature achievements was helping a client win a highly competitive bid against over six offers to acquire a landmark 100,000+ square foot retail building in Fairfax, Virginia — formerly home to Dick’s Sporting Goods.

This acquisition wasn’t just a win — it was a game changer for the area’s retail landscape. The property is now positioned to revitalize the surrounding commercial corridor and spark a new era of retail and community-driven development. Our success in securing this deal was built on deep market expertise, strategic negotiation, and long-standing trust with our clients.

As a local host for The American Dream TV and a committed commercial and residential broker, I also use my platform to highlight local small businesses and support city government economic initiatives. This allows me to not only broker impactful transactions but also actively promote growth and visibility for the communities we serve.

Why did you choose to operate Terring Wang Group in Rockville?

Terring Wang Group is a leading real estate advisory firm based in Rockville, Maryland, offering expert representation in residential and commercial real estate across the Washington, D.C. metro area. Known for market expertise, community leadership, and negotiation excellence, we deliver results-driven strategies to clients ready to grow and thrive in one of the country’s most dynamic real estate markets.

About Terring Wang Group

Terring Wang Group is a leading real estate advisory firm based in Rockville, Maryland, offering expert representation in residential and commercial real estate across the Washington, D.C. metro area. Known for market expertise, community leadership, and negotiation excellence, we deliver results-driven strategies to clients ready to grow and thrive in one of the country’s most dynamic real estate markets.

Terring Wang Group
1 Church St Suite 101, Rockville MD 20850

AstraZeneca Opens $300 Million Cell Therapy Manufacturing Facility in Montgomery County

AstraZeneca facility at 9950 Medical Center Drive, Rockville – photo credit: Montgomery County Government

New Facility in Rockville Will Produce Cutting-Edge Cancer Treatments and Create More Than 150 High-Quality Jobs

Montgomery County Executive Marc Elrich joined global biopharmaceutical company AstraZeneca and local leaders on Monday to celebrate the opening of a new $300 million advanced manufacturing facility in Rockville. The facility will produce CAR-T cell therapies—personalized treatments that are transforming how cancer is treated around the world.

“This facility represents exactly the kind of investment we want to support,” said County Executive Marc Elrich. “It will save lives, create high-quality jobs, and strengthen Montgomery County’s place as one of the nation’s top bio-life sciences hubs. We’re proud to have helped make it happen.”

The 84,000-square-foot facility, located at 9950 Medical Center Drive, is part of AstraZeneca’s $3.5 billion national investment in research and manufacturing. It will support clinical trials and future commercial production of cell therapies—treatments designed to re-engineer a patient’s own immune cells to fight disease.

“AstraZeneca’s new facility in Rockville is a testament to Montgomery County’s leadership in the life sciences industry,” said Elana Fine, MCEDC Board Chair. “This investment highlights the county’s commitment to advancing healthcare and fostering innovation, while bolstering the local economy. We look forward to continuing to support them as they settle into the new facility.” 

Montgomery County’s and State of Maryland support included:

  • $100,000 in targeted economic development incentives from Montgomery County.
  • Additional $500,000 in support from the Maryland Department of Commerce.
  • Job creation tax credits that take effect upon new employees being hired.
  • Coordination through the Department of Permitting Services (DPS) to accelerate approvals and meet an aggressive construction timeline.

“What makes this effort different is the precision and purpose behind it,” Elrich said. “The County and State made targeted investments tied to good jobs and groundbreaking science. That’s the kind of economic development we should all be proud of. Montgomery County continues to be a place where science, talent, and infrastructure come together. We’ve built a strong ecosystem—from startups to global companies—and we’re going to keep growing it.”

The facility is expected to create more than 150 skilled jobs in the region. AstraZeneca already employs more than 4,500 workers in Montgomery County across multiple sites, including its 1.3 million-square-foot Gaithersburg campus.

The County’s Department of Permitting Services worked closely with AstraZeneca and development partners to speed up permitting and inspections—enabling the project to open months ahead of schedule.

This announcement adds to a series of major bio-life sciences wins in Montgomery County, including:

County Executive Elrich will be promoting all of the County’s bio and life science success stories next month at the BIO International Convention in Boston, where he will meet with companies and organizations exploring new locations for expansion and collaboration.

To learn more about Montgomery County’s life sciences sector, visit www.thinkmoco.com.

About Astrazenica

AstraZeneca is a global, science-led biopharmaceutical company that focuses on the discovery, development and commercialization of prescription medicines in Oncology, Rare Diseases and BioPharmaceuticals, including Cardiovascular, Renal & Metabolism, and Respiratory & Immunology. Based in Cambridge, UK, AstraZeneca operates in over 100 countries and its innovative medicines are used by millions of patients worldwide. 

Learn more at https://www.astrazeneca-us.com/

About Montgomery County Economic Development Corporation (MCEDC)

Montgomery County Economic Development Corporation (MCEDC) is the official public-private economic development organization representing Montgomery County, Maryland, and is funded by the Montgomery County Government. Created in 2015, MCEDC is led by a Board of Directors of business executives. Its mission is to accelerate business development, attraction, retention and expansion in key industry sectors while advancing equitable and inclusive economic growth.

Learn more at https://thinkmoco.com/

About Montgomery County Government

Montgomery County, Maryland, is the largest county in the state of Maryland with over 1.1 million residents. Bordering the District of Columbia, and directly across the Potomac River from Northern Virginia, Montgomery County is the home to 18 federal agencies including National Institutes of Health (NIH), the Food & Drug Administration (FDA), the National Institute of Standards and Technology (NIST) as well as the headquarters to over 700 companies. The county offers a unique ecosystem rich in talent, groundbreaking discoveries, and a vibrant community dedicated to sustainability and bold thinking. With 40% of residents speaking a language other than English and a third of the population born outside the U.S., Montgomery County embraces diversity. This inclusive environment fosters a rich tapestry of perspectives, providing an ideal location for businesses to thrive, innovate and flourish.

Learn more at https://www.montgomerycountymd.gov/

Press Release originally published by Montgomery County Government: https://www2.montgomerycountymd.gov/mcgportalapps/Press_Detail.aspx?Item_ID=47033