Header

Skip to main content

Longfellow Real Estate Partners Enters I-270 Corridor with Acquisition of Trophy Lab Conversion

The 191,000 SF office to life science conversion marks the first Maryland acquisition by one of the nation's leading life science investors

ROCKVILLE, Md., June 13, 2022 – Longfellow Real Estate Partners announced the acquisition of One Preserve Parkway in Rockville, Maryland. Located along the I-270 corridor (also known as DNA Alley), One Preserve will offer today’s most innovative life science tenants the almost immediate availability of 191,000 square feet of state-of-the-art lab space. The building features a market leading on-site amenity package, ample parking, as well as flexible and efficient floorplates of roughly 30,000 square feet.

The acquisition marks the first asset in the Maryland/Washington D.C. market for Longfellow Real Estate Partners, the largest privately owned commercial developer of life science buildings in the country. Longfellow maintains offices/developments in Boston-Cambridge, New York City, San Diego, San Francisco Bay Area, the Research Triangle of North Carolina, and London, UK with a portfolio that spans nearly 15 million square feet.

“One Preserve is a high-quality asset that occupies a prime location within DNA Alley. Perhaps more importantly, this investment allows Longfellow to provide research space for the immensely talented companies and individuals that make up this innovative community,” said Longfellow Managing Director, Northeast Ben Sayles. “Longfellow is firmly dedicated to partnering with our tenants, providing world-class space for this community’s growing life science ecosystem.”

“DNA Alley has been a hotbed of research, talent, and renowned companies – we are thrilled to expand the Longfellow model into this region.” said Longfellow Co-Founder & CEO Adam Sichol. “Throughout the country, our firm has been able to meet the needs of our partners by working hand in hand with them to succeed together.”

Longfellow will be making substantial upgrades to building’s electrical and HVAC systems to create highly functional, institutional-quality lab space. Future tenants at One Preserve will benefit from the easily accessible location with immediate connectivity to I-270, along with the amenity rich location that boasts many restaurants, bars, cafes, and high-end retail options within a short driving distance. Longfellow will also integrate the firm’s proprietary tenant experience platform ElevateTM, which incorporates the facilities and custom programming that encourages connection and collaboration throughout the campus.

“The Longfellow team has an exceptional reputation for targeting best-in-class assets for life science redevelopment”, said Shaun Weinberg, Managing Director of Cushman & Wakefield, which arranged the sale to Longfellow. “One Preserve represents the only existing, scalable trophy building ready for a Life Science repositioning in the I-270 Corridor. Upon completion, One Preserve will fill a void in the market and will undoubtedly mark he highest quality conversion in the market”

Longfellow’s acquisition of One Preserve builds on the firm’s rapidly expanding national portfolio in the world’s leading and emerging destinations for life science innovation. Over the past year, the firm increased its footprint in the San Francisco Bay Area by over 1 million square feet with acquisitions in Millbrae, Emeryville, and San Francisco; invested in building out one of the nation’s most dynamic life science clusters in San Diego with acquisitions in the Sorrento Mesa and Sorrento Valley submarkets; closed on assets and partnerships that will help address strong demand in the Research Triangle market in North Carolina; and expanded to the United Kingdom to bring its vision for world-class innovation ecosystems to the Golden Triangle.

About Longfellow Real Estate Partners

Longfellow Real Estate Partners is the largest private life science real estate services firm in the United States. The firm’s portfolio spans nearly 15 million square feet of laboratory and technology space, concentrated in the nation’s top markets for bio-innovation on both coasts including Boston-Cambridge, Maryland-Washington D.C., New York City, Philadelphia, San Diego, San Francisco Bay Area, the Research Triangle of North Carolina, along with the firm’s expansion to the United Kingdom. Learn more at: https://lfrep.com

 

Link to press release: https://biobuzz.io/longfellow-real-estate-partners-enters-i-270-corridor-with-acquisition-of-trophy-lab-conversion/

Maryland showcases its life science assets at BIO International in San Diego

The delegation of Maryland companies and organizations lead by the Maryland Department of Commerce will exhibit at the 2022 BIO International Convention

Article original published by Maryland Department of Commerce on June 9, 2022

A delegation of Maryland companies and organizations is heading to San Diego June 13-16 for the BIO International Convention. At BIO, the life sciences industry’s leading trade show, Maryland will showcase the unparalleled life science assets within the state.

The Maryland Department of Commerce, in collaboration with the Maryland Tech Council, will exhibit at Booth #5013. The Maryland Department of Commerce, Maryland Tech Council and various sponsors are supporting a delegation of 15 Maryland life sciences companies’ attendance at the show. Companies in the Maryland delegation receive premium access to BIO, including its exhibit hall, educational program, and one-on-one partnering to meet with potential partners and investors. Companies in the Maryland delegation include:

  • Akan Biosciences – Innovators in cellular technology and proprietary manufacturing methods that produce stem cell-based therapeutics.
  • Angimmune – Developer of immunotoxin technology offering T-cells targeting for cancer, autoimmune disease, and induction immunotherapy. 
  • Auxergen – Manufacturer of agricultural chemicals and biopesticides that aim to reduce the chemical loading of the environment while improving crop yields.
  • Creatv Microtech – Creator of a revolutionary blood biomarker and innovative platform that provides a highly personalized cancer screen test, and a variety of diagnostics for cancer patients.
  • Elixirgen Scientific – Developers of technology that accelerates and removes the complexity from the induced pluripotent stem cells (iPSCs) differentiation process, bringing the full promise of iPSCs or embryonic stem cells (ESCs) to life.
  • Fzata – Creators of oral biologics for gastrointestinal disorders, the company’s live yeast “factory” makes recombinant biologics in the gut after oral administration. 
  • GlycoMantra – Pre-clinical therapeutic company developing high affinity biologic therapeutics for the treatment of solid tumor, fibrosis, and diabetes.
  • Hawkeye MedTech – Telehealth platform provider with telemedicine, continuing of care, remote patient monitoring, connected devices, covid tracking, and MIPS. 
  • KaloCyte – Creator of ErythroMer, bioinspired artificial red blood cells, that can be stored long-term and used for severe bleeding when donor blood is not available.
  • Kolon TissueGene – Advanced cell therapies company that has developed a first-in-class cell and gene therapy targeting osteoarthritis of the knee.
  • miRecule – Developer of RNA therapies for cancer and muscular dystrophy, which uses genomic patient data to create highly-tailored therapeutics.
  • NeoImmuneTech – Clinical-stage biopharmaceutical company dedicated to expanding the frontiers of Immuno-Oncology. 
  • Neurosonics Medical – Creators of a miniaturized therapeutic ultrasound device for the surgical treatment of drug-resistant epilepsy. 
  • Otomagnetics – University of Maryland College Park spin-out developing a non-invasive method to effectively deliver drugs and other therapeutic payloads to the inner and middle ear, eye, and brain.
  • Theradaptive – Developer of a therapeutic delivery platform for targeted tissue regeneration. 

More than 50 companies and organizations with Maryland roots will have a presence at BIO. Throughout the conference, Maryland representatives will be meeting national and international companies to pitch how a Maryland location can help them grow. The Maryland team is also coordinating events with international partners, including a networking event with partners from Quebec.

In addition, Maryland is hosting a networking reception on June 14, providing another opportunity for interaction with Maryland companies and organizations. The networking reception and the participation of 15 Maryland companies in the show is made possible because of the generosity of various sponsor companies and organizations including Rockville Economic Development, Inc.

 

New Tourism Website ‘Explore Rockville’ launches at 2022 Hometown Holidays

The website includes an events calendar, suggested itineraries and a searchable directory of restaurants, things to do, recreation facilities and more

Rockville’s Mayor and Council welcomed patrons of Hometown Holidays on Saturday May 28, followed by a special announcement from Rockville Economic Development, Inc. (REDI). REDI in collaboration with Visit Montgomery and the City of Rockville announced the launched of the city’s tourism website – ExploreRockville.org 

The new website seeks to:

  • Promote and support Rockville’s tourism, hospitality, and retail industries
  • Establish Rockville as a regional destination for arts, culture, and international cuisine
  • Support the attraction and retention of businesses, workforce and residents

The website includes an events calendar, suggested itineraries and a searchable directory of restaurants, things to do, parks and recreation facilities. Explore Rockville also highlights the city’s unique commercial neighborhoods such as Rockville Town Center, King Farm, and Rock East District, all of which have their own history and vibe.

“We’re thrilled to collaborate with Visit Montgomery and the City on such an important project. Explore Rockville showcases the diversity and vibrancy of our city and people, and invites residents and visitors alike to (re)discover Rockville,” said Susan Prince, REDI Board Chair.

Explore Rockville was also an exhibitor at Hometown Holidays, promoting the new website through public engagement and the distribution of branded giveaways and t-shirts.

Check out the Explore Rockville launch at Hometown Holidays:

Rockville Ranks Among Best Small Cities for Retirement

Rockville ranks #40 in SmartAsset’s top 50 small cities for retirement

Article orginally published by SmartAsset on October, 19 2021

A study conducted by HigherAHelper found that retirees are twice more likely to move to a new state than all other movers, and more than a quarter of retirees who moved in 2020 chose to leave larger cities and metropolitan areas.

To uncover the best small cities for retirement, SmartAsset analyzed 247 places (with poulations between 65,000 to 100,000 residents) across eight metrics:

  • Percentage of population above the age of 65
  • Housing costs as a percentage of retirement income
  • Estimated tax burden for seniors
  • Number of retirement communities
  • Number of medical centers
  • Violent crime rate
  • Property crime rate
  • Unemployment rate

For the full list and SmartAsset’s data and methodology, please visit: https://smartasset.com/data-studies/best-small-cities-for-retirement-2021

 

 


 

 
 

Placemaking in Action: Rock East District

Rock East District gathers Rockville's artists, professionals, makers and tradespeople in one place

What is Rock East District?

Rock East District is a placemaking project led by Rockville Economic Development, Inc. to highlight the unique businesses, services and recreation assets of East Gude Drive in Rockville, MD. Placemaking is a multi-faceted approach that utilized local community’s assets and potential with the intention of creating spaces that promote the vitality of the people and businesses. Rock East District is also a pilot project to promote local tourism and provide support and recognition to small businesses recovering from the pandemic.

The East Gude Drive area at Rockville’s northeastern city limit has always been a distinctive commercial district of small manufacturers and makers like breweries, distilleries, home improvement and auto repair stores. The area is also home to a collection of multi-ethnic restaurants and unique retailers. However, the area lacked a recognizable ‘feel’ and culture, or sense of connected community. The businesses and assets of East Gude Drive presented an opportunity to engage in community revitalization and the enhancement of community life though the collaborative development of a community identity that visually and functionally markets itself as a distinct and lively area of Rockville.

How did Rock East District project come together?

Rockville Economic Development, Inc. (REDI) saw led a series of stakeholder meetings to create and implement the Rock East District brand. Partners included government and non-profit entities such as the City of Rockville, Rockville Chamber of Commerce, Montgomery County, Montgomery County Economic Development Corporation, and Visit Montgomery. Collaboration among these agencies allowed for the City’s official designation of Rock East District, the placement of branded banners identifying Rock East District as a distinct commercial area, and the creation of a tourism-oriented website: www.rockeastdistrict.com. In particular, this effort led to REDI’s collaboration with Visit Montgomery to develop a targeted tourism development and marketing program for Rockville.

Additionally, REDI worked with community groups including the Montgomery County Road Runners Club, Rockville Bicycle Advisory Committee, and the Recreational Athletics Sports League to highlight outdoor and recreational assets and activities unique to Rock East District. These groups went on to create guided tours for runners and bikers to discover and experience Rock East District.

Finally, REDI collaborated with the businesses of East Gude Drive, ensuring inclusion in the planning and execution of the Rock East District brand. Partnership with the businesses was key to generating support and participation in the project. The businesses worked with REDI to create of a series of launch events at multiple locations across Rock East District. Businesses like True Respite Brewing Company and the Bean Bag Deli & Catering Company supported the promotion of Rock East District by creating special edition Rock East District branded products that were included in the Rock East District package that was distributed to media and commercial brokers.

Rock East Banners
Rock East Beer

How can I support Rock East District?

Check out the Rock East District website: www.rockeastdistict.com and plan a visit!

Follow Rock East District’s social media, and share your stories about your time in Rock East District:

If you’re a business located in Rock East District (map here: https://www.google.com/maps/d/u/0/edit?mid=1TlULngSECFB-JhyTUAL0sxq0IXyc4oxf&usp=sharing), we’d love to include you on the Rock East District website! Send us an email with your business information

Three Rockville Businesses Listed Among 75 Fastest-growing Greater Washington Companies

Graphic source: Washington Business Journal

Washington Business Journal's annual list of Fastest Growing Companies ranks businesses' growth by average percentage change in revenue

#7 - Apex Home Loans, Inc.

Apex Home Loans, Inc. is a lending institution focused on providing mortgages that meet the financial goals of its clients. Apex Home Loans is headquartered in Rockville, MD and has multiple locations across Maryland, as well as Pennsylvania, Virginia, South Carolina and Florida.

#20 - Bravium Consulting, Inc.

Bravium Consulting, Inc. is a management and technology consulting firm headquartered in Rockville, MD. Bravium was established in 2010, and specializes in Enterprise Service Management, Application Development and Project Management Office.

#56 - Presidential Exteriors

Presidential Exteriors is a Rockville-based building-exterior remodeling company licensed to operate in Maryland, Washington D.C., and Virginia. Presidential Exteriors holds GAF Master Elite Certification, a nationally recognized assurance of high quality work and service.

24 Rockville Schools Among Best for Grades K-8

Rockville elementary and middle schools were included U.S. News' inaugural list ranking more than 80,000 U.S. schools

Article originally published by Rockville Patch on October 12, 2021

ROCKVILLE, MD — Elementary and middle schools in Rockville have been ranked among the best in Maryland, according to a brand-new ranking released Tuesday by U.S. News & World Report.

For the inaugural list, U.S. News published rankings and data on more than 80,000 public elementary and middle schools across the United States. Schools are ranked at the state and district levels. The best charter schools and best magnet schools ranked as stand-alone categories.

U.S. News ranked Robert Frost Middle School as the highest in the state among schools in Rockville, according to the new list. Robert Frost Middle School was ranked fourth among middle schools in the state. Here’s a look at how elementary schools in Rockville ranked compared with others in the state:

39: Lakewood Elementary
51: Fallsmead Elementary
60: Farmland Elementary
72: Lucy V. Barnsley Elementary
80: Ritchie Park Elementary
113: Candlewood Elementary
146: Cashell Elementary
167: Bayard Rustin Elementary
182: Maryvale Elementary
183: Flower Valley Elementary
196: Mill Creek Towne Elementary
228: Wheaton Woods Elementary
247: Beall Elementary
254: Rock Creek Valley Elementary
283: Brookhaven Elementary
374: College Gardens Elementary
484: Meadow Hall Elementary
634: Twinbrook Elementary

Here’s a look at how middle schools in Rockville ranked compared with others in the state:

4: Robert Frost Middle School
29: Tilden Middle School
34: Julius West Middle
95: Parkland Middle
98: Redland Middle
127: Earle B. Wood Middle

To determine the rankings, U.S. News used data from the U.S. Department of Education to analyze two areas at each school:

  • Math and reading proficiency — or how well students perform on state assessments.
  • Math and reading performance — or how well they perform compared with expectations.

The state assessment data used in the rankings is from the 2018-19 school year and, therefore, predates any effects of the COVID-19 pandemic on test-taking.

Schools were also ranked within their district. Here’s how elementary schools in Montgomery County Public Schools measured up:

1. Bannockburn Elementary
2. Cold Spring Elementary
3. Wayside Elementary
4. Travilah Elementary
5. Potomac Elementary

Here are the top five middle schools in Montgomery County:

1. Thomas W. Pyle Middle School
2. Herbert Hoover Middle
3. Robert Frost Middle School
4. Cabin John Middle School
5. North Bethesda Middle

Nationally, California has 5,534 ranked elementary schools — the most of any state — followed by Texas at 4,446; New York at 2,211; Florida at 2,128; and Illinois at 2,038 schools.

California also has the most ranked middle schools with 2,319, followed by Texas at 1,942; Illinois at 1,243; New York at 1,219; and Florida at 997.

See the complete list of 2021’s Best K-8 Schools.

Source: https://patch.com/maryland/rockville/24-rockville-schools-among-best-grades-k-8-u-s-news

 

 

Rockville-based Supernus to acquire Adamas Pharmaceuticals

Supernus' acquistion brings a new Food and Drug Administration (FDA)-approved drug to its portfolio of Parkinson's disease treatments

Article Originally Published by Rockville Nights on October 12, 2021

Rockville-based Supernus Pharmaceuticals announced Monday that it is acquiring Adamas Pharmaceuticals, adding to its portfolio of Parkinson’s disease treatments. The deal will bring Adamas’ GOCOVRI (amantadine) extended release capsules, the first and only U.S. Food and Drug Administration (FDA)-approved drug for the treatment of both OFF and dyskinesia in patients with Parkinson’s disease who are receiving levodopa-based therapy; and Osmolex ER® (amantadine) extended release tablets, which is FDA-approved for the treatment of Parkinson’s disease, and drug-induced extrapyramidal reactions in adults.

The deal is a financial win for Adamas stockholders, and will expand the revenue base and cash flow of Supernus. “This acquisition represents a significant step to further build a strong and diverse Parkinson’s disease portfolio, and aligns with our focus of acquiring value-enhancing, clinically-differentiated medicines to treat CNS diseases,” Jack Khattar, President and CEO of Supernus Pharmaceuticals said in a statement. “We have a proven track record of strong commercial execution, and look forward to building on GOCOVRI’s growth momentum so that more patients can benefit from access to Adamas’ innovative neurological therapies.”

Once again, biotech – along with residential housing construction – remain the only bright spots in an otherwise moribund and stagnant Montgomery County economy. This is largely because the smart decisions that led to the growth of Montgomery’s biotech sector were made before those who wrecked the County’s economy took office in 2002, 2006 and 2010. Supernus is located at 9715 Key West Avenue in Rockville.

Source: http://www.rockvillenights.com/2021/10/rockville-based-supernus-to-acquire.html

 

Emmes President and CEO named among Washington Business Journal’s 2021 ‘Women Who Mean Business’

Congratulations to Christine Dingivan, President and CEO of Emmes!
Emmes is a global full service clinical research organization (CRO) dedicated to supporting the advancement of public health and biopharmaceutical innovation. Emmes serves on REDI’s Board of Directors as Vice Chair.

ROCKVILLE, Md., October 11, 2021 — Christine Dingivan, President and CEO of Rockville-based clinical research organization Emmes, was recognized among the Washington Business Journal’s 2021 ‘Women Who Mean Business’ award recipients.

Dingivan joined Emmes in September 2020 at the height of the industry’s response to Covid-19. Emmes was a key contributor to the data and statistical analysis work for Moderna’s Covid vaccine trials and the National Institute of Health’s evaulation of Covid-19 treatments. Under Dingivan’s leadership, Emmes grew, expanding its network internationally and increasing its employees by 200 in 2021.

The 2021 Washington Business Journal ‘Women Who Mean Business’ honored 25 women at an awards banquet on Thursday, October 7 at the Ritz Carlton in Washington D.C.  Each year women from various industries and professions across the Washington D.C. region who have made a difference in their communities, blazed a trail for others and are leaving an indelible mark on business in the region are selected from a public pool of nominations and determined by a panel of judges made up of program alumni.

Read Christine Dingivan’s Washington Business Journal ‘Women Who Mean Business’ profile here: Women Who Mean Business 2021 – Christine Dingivan

Maryland Department of Labor 2021 Employer Incentive Plan

The Maryland Apprenticeship Training Program (MATP) administered by the Maryland Department of Labor has allocated $3,260,957 to increase business participation in Registered Apprenticeship by creating the 2021 Maryland Employer Incentive Plan (EIP) initiative.

The EIP is a rolling reimbursement program, where employers receive repayment for a portion of the costs of On-the-Job Learning (OJL). All apprentices served through the EIP must be newly registered apprentices and must meet the criteria for Registered Apprentices. Learn more about Registered Apprenticeship Program here: 2020-2023 State Apprenticeship Expansion Grant

EIP Eligibility Requirements

The following entities are able to apply:

  • Employers who sign up to participate in an existing Group Joint or Group Non-Joint Registered Apprenticeship
  • Employers who register a new Registered Apprenticeship program
  • Sponsors and/or employers who reactivate a currently inactive Registered Apprenticeship
  • Sponsors and/or employers who register apprentices after implementation of the EIP

Employers can be private, public, or non-profit as long as they are a Registered Apprenticeship Sponsor or a signatory, or participating employer with a Group Joint or Group Non-Joint Registered Apprenticeship Sponsor approved by Maryland Department of Labor.

Reimbursement Requirements

Employers that partipate in the EIP are eligible for reimbursement for a portion of the costs of OJL. The breakdown for reimbursement amounts is as follows:

  • Businesses with 50+ employees (large employers) are eligible for reimbursement of 50% of the wage rate of apprentices for a maximum of 30 hours per week; or
  • Businesses with 49 or fewer employees (small employers) are eligible for reimbursement of 75% of the wage rate of apprenctices for a maximum of 30 hours per week

Maryland Department of Labor calculates reimbursement based on the first 13 weeks of actual employment not to exceed $3,120 per apprentice for large employers and $4,680 per apprentice for small employers.

  • For more information on the Maryland Apprenticeship Training Program (MATP) , please click the following link: MATP
  • For questions about MATP and EIP, please contact David Minges, Program Manager, MATP