Atrium at Rock Spring Park
Bethesda, MD

On November 13, 2006, Meritage Properties in joint venture with Goldentree InSite Partners acquired "The Atrium at Rock Spring Park," a 236,885 SF office building located at 10401 Fernwood Road in North Bethesda, Maryland. The property has the National Institute of Health as its major tenant, occupying approximately 157,000 SF, and an information technology consulting firm occupying an additional 23,000 SF. "The Atrium" is situated in a premiere office setting in the heart of Rock Spring Park and at the intersection of I-495, I-270, and Democracy Boulevard, making this a compelling location for tenants seeking easy access to and from downtown Washington.

Meritage acquired this asset to take advantage of one of the strongest sub-markets in suburban Washington. Meritage recently completed the renovation of the 57,000 square feet of first floor vacancy with the modernization of the common corridor and installation of a new window line on the east side of the space. In addition to these upgrades the building boasts many amenities including a private courtyard, high ceilings, raised floors, covered parking and, coming soon, a high quality food concession. In addition, 10401 Fernwood benefits from the exclusive amenities contained within Rock Spring Park, including a full landscape renovation creating a water feature in our "front yard." Major tenants in this office park include Marriott, IBM, Lockheed Martin, and the National Institutes of Health.

For Further Information Contact:

Meritage Properties
(Owner) (914) 723-3533

Lincoln Property Company
Steve Fuss
(Manager) (301) 530-4250

Lincoln Property Company
Merrill Turnbull
(Leasing Agent) (301) 961-9256
mturnbull@lpc.com