Biz Brief: Biotech Firm Renews Germantown Lease

Biotech firm Intrexon will renew its lease at Seneca Meadows Corporate Center, real estate executives representing the company announced Monday.

Intrexon is a privately-owned, Virginia-based company specializing in synthetic biology. The Germantown site houses Intrexon’s Human Therapeutics and Animal Science divisions, a spokesman told Patch.

The renewed lease comprises 55,000-square-feet for labs and offices at 20358 Seneca Meadows Parkway, a space owned by Minkoff Development.

In 2009, Intrexon officials announced that the company had assumed the lease of the space’s prior tenant, Avalon Pharmaceuticals.

Matt Brady, vice president of Scheer Partners, the Rockville-based real estate firm that brokered the deal, said Intrexon had 50 to 60 employees.

Brady would not disclose the terms of the lease.

Patch was unable to reach representatives with Intrexon at the time this story was published.