Washington Property Company (WPC) has leased 11,970 square feet to The Aerospace Company in Greenbelt, MD. Headquartered in El Segundo, CA with 20 locations nationwide, Aerospace is relocating its Columbia, MD office to WPC’s Patriot Business Park office building at 7850-52 Walker Drive in Maryland’s Prince George’s County, just 12 miles from the US Capitol. Todd Bosley and Tim Jaeger of DANAC Realty Advisors and WPC’s Joshua Gurland represented the ownership in the lease transaction.
The Aerospace lease was among a total of 17 leases and lease renewals at eight of WPC’s suburban Maryland office buildings, totaling 65,331 SF, closed by WPC in the first two quarters of 2018. “At the beginning of the year, we saw increased activity across all of our markets in terms of inquiries and tours,” said Gurland. “During the spring, much of that activity translated into leases, and we’ve seen the occupancy levels in all of our properties increase so far this year.”