235,210 SF class A office building, located in the North Rockville submarket. Built in 2005, the asset is 60% leased with 9.0 years WALT remaining,
- Jones Lang LaSalle Americas, Inc. (“JLL”), as exclusive representative for the Owner, is pleased to present this value-add offering for 77 Upper Rock (the “Property”), a 235,210 RSF Class A office asset located in Rockville, Maryland. Repositioned as of summer 2019, the Property now offers a new building lobby, tenant lounge, conference room, fitness center, and restrooms. The Property has experienced approximately 75,000 RSF of leasing during the repositioning and is now 31% leased to 4 tenants with 9.0 years of WALT and with additional LOI conversion potential.
- 77 Upper Rock’s location at the intersection of Shady Grove Road and I-270 provides outstanding accessibility to the north and south alike, with downtown Washington, DC accessible in 30 minutes. Surrounded by over 550 Class A residential units and walkable amenities such as CAVA, CVS, Firehouse Subs, and MOM’s Organic Market, the Property boasts an unparalleled suburban tenant experience.
- 77 Upper Rock is a coveted value-add opportunity to achieve attractive risk adjusted returns through the continued lease up of a recently repositioned, best-in-class asset.