Business Notes: Washington, D.C., Investment Firms Buys Three Montgomery County Office Parks
Plus: Flight simulator comes to Westfield Montgomery; Luxury movie theater open in Gaithersburg
MetroPark North campus in Rockville
The Washington, D.C.-based real estate investment firm DSC Partners bought three Montgomery County office parks for $149 million, the company announced last week.
Among the buildings are the MetroPark North campus off East Gude Drive in Rockville and the WestTech and Meadows campuses in the Fairland area of Silver Spring. The combined area of the buildings is 1.3 million square feet.
The acquisition was first reported by Bisnow.
PS Business parks previously owned the property, which includes MedStar Health, Children’s Hospital and the federal government, among other tenants.
“The suburban Washington real estate market has been strengthening significantly recently and these properties are in areas that are being bolstered by the rapidly growing biotech and medical sectors,” DSC Partners co-founder Doug Donatelli told Bisnow.
Flight simulator comes to Westfield Wheaton mall
The Dream Aero, a Russian flight simulator, has made its way to Bethesda’s Westfield Montgomery mall. Customers can pay $195 for a 30-minute session of piloting a Boeing 737 aircraft. For $325, customers can take an hourlong ride.
According to a description on LinkedIn, the Dream Aero “accurately reproduces every aspect of a real flight,” including takeoff and landing in different types of weather.
The Dream Aero is on the upper level of the mall in a secluded space above the food court. The Bethesda mall is one of two locations in the United States the simulator has operated. The other is in Ft. Lauderdale, Fla., according to LinkedIn.
News of The Dream Aero was first reported by Store Reporter.
Walgreens coming to Bethesda
The drug store chain Walgreens is opening a store in Bethesda’s Bradley Shopping Center, near the intersection of Bradley Boulevard and Arlington Road.
The signage was up as of Sunday night, Robert Dyer reported Monday.
Walgreens has stores in Potomac, Rockville, Silver Spring and Takoma Park, according to its website.
Women’s clothing and accessories store coming to Pike & Rose next year
Evoluxxy, a boutique women’s fashion store specializing in clothing and accessories, is coming to North Bethesda’s Pike & Rose development next spring.
Federal Realty Investment Trust, which owns the development, made the announcement last week in a press release. The store will be at 11811 Grand Park Ave. between Olive & Loom and Lucky Brand.
“Pike and Rose offers some of the finest restaurants and retailers in the DMV and it is growing bigger and better,” Evoluxxy’s owner, Amanda Dolin, said in the press release. “We look forward to bringing our variety of nationally and internationally acclaimed labels to the neighborhood.”
Luxury movie theater now open in Gaithersburg
Cinepolis Luxury Cinemas, a chain of movie theaters where customers can order food and drink from their seats, is now open in Gaithersburg’s Kentlands shopping development. The theater had a “soft opening” last month, but will have a grand opening in the next few weeks, a representative said Monday.
At the push of a button, customers can order food from their seat and have a server bring it to them while watching a movie. As of Monday, customers can also order alcoholic drinks.
Cinepolis’s menu includes sandwiches, flatbreads, burgers, tacos and other appetizers, with most items ranging from $6 to $15. Customers can also order more traditional movie snacks such as popcorn and candy.
Cinepolis has theaters in eight states, according to its website. The Gaithersburg theater is its first in Maryland.
Dan Schere can be reached at Daniel.firstname.lastname@example.org