Redland Corporate Center

Jones Lang LaSalle Americas, Inc. (“JLL”), as exclusive representative for the Owner, is pleased to present for sale Redland Corporate Center (the “Portfolio”), a 482,972 square-foot, Class A, 27-acre campus in the heart of Rockville, Maryland’s I-270 Corridor. Redland Corporate Center is 75% leased to 15 tenants with 3.7 years WALT.

Redland Corporate Center’s anchor tenant, defense contractor BAE Systems (29% of RBA), has occupied the entirety of 520 Gaither Road since original construction in 2008, recently executed a 5+ year renewal through February 2032 with no termination options, is investing heavily in its space to upgrade it to modern SCIF standards, and is in the process of expanding into 540 Gaither Road. BAE Systems (S&P A-) is the 5th largest defense contractor in the world and manufactures an elite catalog of military aircraft, armored combat vehicles, and destroyer warships. The contracts served out of Redland Corporate Center primarily address nuclear deterrence.

Since 2024, Redland Corporate Center has leased over 225,000 square feet (47% of RBA) across two new deals and five renewals. Redland Corporate Center is uniquely positioned to capture continued leasing momentum against the backdrop of declining North Rockville office supply as 900,000+ square feet, or 6.7% of existing submarket inventory, is slated for redevelopment to alternative uses.

Demand for office space at Redland Corporate Center is driven by Rockville’s epicentral network of six of the world’s largest 20 defense contractors combined with its proximity to the U.S. Nuclear Regulatory Commission’s national headquarters and the U.S. Department of Energy’s 600,000+ square-foot, 98-acre Germantown complex. The Portfolio’s existing tenants, namely BAE Systems and Standard Solar, are optimally positioned geographically to permeate the nation’s most influential sources of funding and regulation in nuclear strategy and renewable energy.

This year’s record-breaking national defense spending of $1.2 trillion will continue to boost potential future tenants in Maryland’s defense technology sector, where public sector funding has already doubled in the last decade and venture capital funding has nearly quintupled post-2020. Employers and employees alike are naturally attracted to Montgomery County’s remarkable demographics that rank in the 99th percentile for average household income, life expectancy, and education.

Redland Corporate Center offers investors the opportunity to capitalize on in-place investment-grade anchor tenancy, Rockville’s defense and technology network effects, and significant leasing outperformance at a fraction of historical cost.