Business Notes: United Therapeutics Buys More Property in Downtown Silver Spring
Plus: Montgomery Village gets new kickboxing studio; Bethesda rents edged up last month
Google Streetview of 8808 Cameron St. in Silver Spring
VIA GOOGLE STREETVIEW
United Therapeutics representatives say they might use new building as an incubator
United Therapeutics has expanded its real estate holdings in downtown Silver Spring even further, recently snapping up a building near the corner of Cameron and Spring streets.
The blog Source of the Spring reported that a company representative said United Therapeutics doesn’t yet have specific plans for the building at 8808 Cameron St. Avi Halpert of the corporate real estate department said United Therapeutics might use it as a “little UT incubator until we have a real need.”
The property is located next to the company’s $26 million manufacturing facility, which is now under construction and could be finished by October, the blog reported. Both are located across Spring Street from the biotechnology company’s headquarters and about a block from an addition to the headquarters that is under construction.
The 10,000-square-foot building at 8808 Cameron cost United Therapeutics $2.6 million and is now occupied by the Conference of Major Superiors of Men, a group that promotes the welfare of male religious institutes and monastic communities. Another occupant is the Leadership Conference of Women Religious, an organization that supports Catholic women in congregations across the United States.
Both groups will remain in the building for another six months or so, according to Source of the Spring.
Kickboxing studio celebrates grand opening in Montgomery Village
A new kickboxing studio has opened its doors in Montgomery Village.
“We are thrilled to be part of the Montgomery Village community. We look forward to empowering and challenging everyone that comes through our doors!” said Emallie Daniels, studio manager for the new iLoveKickboxing.com location.
Representatives from the Gaithersburg-Germantown Chamber of Commerce were on hand Friday to celebrate the studio’s grand opening in Goshen Plaza at 9116 Rothbury Drive, according to a news release.
Bethesda remains most expensive place to rent in D.C. area
Rents in Bethesda have continued to climb over the past month, with the median hitting $2,460 for a two-bedroom apartment.
According to Apartment List, it’s more expensive to rent a home in Bethesda than anywhere else in the D.C. metro area. The analysis found that Frederick’s median monthly rent is the lowest, at about $1,550 for a two-bedroom apartment.
Bethesda rents increased by about 0.5 percent over the past month and have increased by 2.7 percent over the same time last year.