Innovative Consulting & Management Services (ICMS) is relocating to Gaithersburg, Md., to take advantage of federal grant dollars.
The IT solutions provider inked a 4,935-square-foot lease within 100 Lakeforest Boulevard, a 140,000-square-foot office property owned by Nusrat Jamal, president and CEO of Shireen. Jamal acquired the six-story building at the end of 2022 for $14.5 million according to property records.
ICMS, which services a range of industries including federal and state agencies, will be moving from its current home at 7361 Calhoun Place in Rockville, Md., where it occupies 3,547 square feet.
“The primary driver of the company’s decision was to relocate to a Maryland HUBZone, which are designated geographic areas where small businesses are recipients of federal contract dollars,” said Allison Perry, a real estate adviser with MacKenzie Commercial Real Estate Services, who represented the tenant. “This specific HUBZone in Gaithersburg only encompasses a few buildings and, because of the benefits of this designation, they are in extremely high demand and nearly 100 percent leased.”
The new office is roughly five miles from ICMS’ Rockville office, so there will be minimal impact to its employees and customers, the company said.
Constructed in 1984, the property is near the intersection of Maryland Routes 124 and 355, and adjacent to Interstate 270 in Montgomery County, less than 25 miles from Downtown Washington, D.C.
ICMS will move into its new home May 1. With the lease, the building is 100 percent occupied.
Joining Perry in representing the tenant was MacKenzie’s Adam Nachlas. Bob Dickman of Avison Young represented the landlord.
Keith Loria can be reached at Kloria@commercialobserver.com.
Innovative Consulting & Management Services (ICMS) is relocating to Gaithersburg, Md., to take advantage of federal grant dollars. The IT solutions provider inked a 4,935-square-foot lease within 100 Lakeforest Boulevard, a 140,000-square-foot office property owned by Nusrat Jamal, president and CEO of Shireen. Jamal acquired the six-story building at the end of 2022 for $14.5Read MoreChannel, Leases, Office, 100 Lakeforest Boulevard, 7361 Calhoun Place, Allison Perry, Innovative Consulting & Management Services, MacKenzie Commercial Real Estate Services, Nusrat Jamal, Shireen Inc. Commercial Observer Read More
Robert Khodadadian has long had a simple philosophy about selling real estate. The way he sees it, there are approximately a million buildings in the city, and the broker that gets to sell any one among the multitude that will hit the auctioning block at a given moment is, sometimes, simply the person who happens to pitch their services to the right seller at the right time.
Robert Khodadadian, skyline properties, ground leases, ground lease, off market, investment sales, khodadadian, Commercial Real Estate Sales, Commercial Observer, Retail For Lease, Commercial Observer,