North Bethesda, Md. (December 1, 2021) – Federal Realty Investment Trust (NYSE:FRT) is setting the new standard for life science facilities with plans for an iconic, amenity rich 935 Prose, located in the heart of North Bethesda’s Pike & Rose. The project will be designed by internationally acclaimed architect, Gensler, and the 10-story state-of-the-art building will extend the biotech corridor beyond
Shady Grove to Pike & Rose, the premier transit-oriented destination for shopping, dining, living, and working in Montgomery County.

The Pike & Rose neighborhood is exceptionally well positioned for a research and development facility due to its proximity to nearby Federal agencies. A focus on the life science industry supports job growth and will bring additional jobs to the county.

Montgomery County is home to 18 major Federal agency headquarters in the county, including the National Institutes of Health (NIH), the Food & Drug Administration (FDA), and National Institute of Standards and Technology (NIST).

Federal is working with Scheer Partners, a Rockville-based firm consistently recognized as one of the leading commercial real estate firms in the DC metro region with a specialty in scientific and biotech real estate. Read More