Business Notes: Biotech Firm Chooses Gaithersburg for New Headquarters
Plus: Two Rockville real estate companies merge; Wydler Brothers launches new property database
An Applied Biomimetic worker
via Applied Biomimetic's website
Applied Biomimetic selects new headquarters in Gaithersburg
A biotechnology firm that began at an incubator at the University of Cincinnati has chosen Gaithersburg for its new headquarters. Applied Biomimetic, which develops polymer and protein membrane technologies, announced Monday it has signed leases for a 7,000-square-foot headquarters at 942 Clopper Road and an 8,000-square-foot manufacturing, research and development space on Perry Parkway.
The company plans to add about 30 full-time employees to its current workforce of 10 as part of the move into the larger space, according to a Washington Business Journal report.
The state provided a $100,000 conditional loan to the company through its economic development assistance fund, while Montgomery County chipped in a $55,000 grant through its MOVE Program and the City of Gaithersburg provided a $20,000 grant from its Economic Development Toolbox Fund, according to the state’s Department of Commerce.
“We are grateful for the support provided by the University of Cincinnati in hosting us and helping us develop our technology,” Applied Biomimetic CEO Steen Sondergaard Nissen said in a statement. “After several years of research and incubation at their facilities, we achieved a level of scale in both research and manufacturing that required us to expand. After considering many locations, we chose the vibrant technology corridor of Gaithersburg, Maryland.”
Nissen cited the available biotech workforce in the area as a key factor in the company’s decision.
The company’s technology is designed to assist with separating specific molecules from enzymes, water, food and dairy products.
“The company’s unique combination of biotechnology and engineering has great potential to improve the water purification industry and others,” Montgomery County Economic Development Corp. CEO David Petr said in a statement.
Promark merges with property management company Vanguard
Promark Partners executives Peter McLaughlin, Thomas Fauquier, Gregory Klein, Robert O. Eisinger and Robert L. Eisinger
Rockville-based developer Promark Real Estate Services announced last week it has merged with the property management company Vanguard Realty Group, which is also based in Rockville.
Terms of the deal were not disclosed in a news release. The new combined company is being called Promark Partners.
The two companies have worked together on converting a Silver Spring office building into the 102-unit Octave 1320 condo building as well as the approval process for a planned mixed-use high-rise building on Montgomery Avenue in downtown Bethesda.
Promark and Vanguard are also working on a new mixed-use project near the White Flint Metro station that’s called East Village.
Thomas Fauquier and Robert O. Eisinger will serve as CEO and managing member, respectively, of Promark Partners.
“Combining the resources of these two companies brings together the energy and talents that today’s real estate industry demands and will strengthen our ability to deliver superior results to our clients and partners,” Fauquier said in a statement.
Wydler Bros. Real Estate launches database of off-market residential properties
Wydler Bros. Real Estate recently announced it had launched the "largest database of off-market properties and pocket listings," according to a press release. The company says the database, Private Label MLS, is the "first and most comprehensive" online and mobile resource that aggregates off-market property listings from a variety of sources. Available only to the company's agents, the data base, which is updated daily, will allow them to better serve their clients, the company said.
"No one else is doing anything like this and we believe this is a game changer for our clients and agents," said Hans Wydler, who is a principal broker of the company along with his brother, Steve.