WWDC Industrial Park Silver Spring, MD
Services Provided by Donohoe:
- Landlord Representation
WWDC Industrial Park is a 360,000 SF small-bay industrial park located in Silver Spring, MD, approximately 5 minutes drive time from both the Capital Beltway/I-495 and Washington, DC. The property is home to 43 tenants representing a broad spectrum of uses. Donohoe Real Estate has handled the leasing and management of the property for over 30 years.
With so many small and mid-sized tenants combined with the nature of the businesses present in the park, DRES must manage a very fluid leasing environment. In addition to fluctuating market dynamics, DRES must respond to constantly evolving tenant requirements. This requires constant and close communications with all the tenants in order to anticipate their respective needs for expansion, retraction and vacancy.
Year after year, Donohoe Real Estate’s leasing team has maintained a 95%-plus occupancy rate by working closely with the existing tenant base, in conjunction with sourcing new tenants. DRES completes approximately 6-10 leases per year and, during the first quarter of 2020, the team concluded over 43,000 SF of new leases and renewals.