Matan Companies Expands Presence with New Lease in Frederick's Riverside Research Park

Matan Companies, a well-known commercial real estate firm, has officially inked a long-term lease for an impressive 111,368 square feet at the Riverside Research Park located at 8484 Progress Drive in Frederick, Maryland. This strategic move underscores the evolving industrial and technological landscape of Frederick, which is rapidly becoming a key destination for top-tier businesses.

Brad Benna, a representative from Matan Companies, remarked on the unique qualities of Riverside Research Park, describing it as a remarkable asset that masterfully integrates high-bay manufacturing and research & development spaces with sophisticated Class A office environments. He emphasized the transformation of Frederick from a simple suburban outskirt into a vibrant corporate hub, appealing to numerous multinational corporations.

With this recent lease, Matan Companies has successfully filled a significant portion of the project, but opportunities remain as there is still a total of 280,000 square feet available for lease across multiple buildings at the adjoining properties of 8480 Progress Drive and 8484 Progress Drive. These spaces offer unparalleled flexibility, catering to diverse needs ranging from office spaces to specialized research and development and other technology-focused users.

One of the notable features of the Riverside project is its stunning campus setting, which boasts ample free parking, multiple gazebos, and scenic walking trails stretching over five miles, providing a pleasant working environment. The location itself is prime, central to the heart of both the City and County of Frederick, which plays a critical role in attracting businesses looking for a supportive infrastructure and a community-oriented atmosphere.

In this lease negotiation, Matan Companies was represented by Brad Benna, while the tenant was represented by Tim Shanklin of Tyler Duncan Real Estate. This collaboration highlights the efficiency and professionalism inherent in the commercial real estate dealings in the area.

About Matan Companies

Matan Companies, founded over 45 years ago, is based in the Washington, D.C. suburbs and is among the region’s leading commercial real estate services and development firms. With an extensive portfolio of over 7 million square feet encompassing industrial, bio-life science, and office properties, the company operates with a commitment to providing a comprehensive and client-centered approach to real estate services. Their vast development pipeline includes approximately 15 million square feet, along with ongoing residential projects and multifamily housing units.

The company’s range of services includes entitlement and construction management, asset and property management, leasing, and providing tailored tenant services. This dedication to a full-service experience has positioned Matan Companies as a strong contender in the competitive D.C. metro area real estate market. For more details, visit Matan Companies' website.