Frederick, MD – The biotechnology sector in Frederick County is adding to its rising roster of companies.
Scheer Partners, the leading provider of fully integrated commercial real estate services for the health science industry in the Washington and Baltimore metropolitan areas, announced today that it has represented Lab Recyclers in a lease for 9,000 square feet of warehouse space in Frederick.
Lab Recyclers, a supplier of new and used analytical instruments, laboratory furniture, biotechnology products and general lab equipment, is shifting its warehouse facility north along Interstate 270 from Gaithersburg to 4527 Metropolitan Court in Frederick.
The privately held company founded in 1997 has signed a two-year lease, with renewal options, at the 53,850-square-foot building in Frederick owned by the Matan Companies.
Located on 3.52 acres and built in 1989, the property is divided into three separate warehouses, each equipped with front and rear-entrance doors as well as two loading-bay docks.
David Kaye, a senior vice president at Scheer Partners, negotiated on behalf of Lab Recyclers in its new lease. “We’re extremely pleased to have completed this transaction with Lab Recyclers,” Kaye says. “The warehouse space on Metropolitan Court is a nice fit for the company, providing easy access to key highways in the Frederick area as well as numerous nearby amenities.”
Buoyed by the continued expansion of Fort Detrick and the National Cancer Institute, Frederick County’s biotech community has experienced strong growth in recent years.
Companies such as BioElectronics, Invitrogen and MedImmune have facilities in Frederick, which is home to more than 70 biotech companies, the second-largest cluster in Maryland, according to state economic development officials.
“Frederick is becoming a big magnet for biotech,” Kaye says.