Relocation of Leading Healthcare Solutions Firm Accommodates 43% Growth in Office Space
The J Street Companies represented leading healthcare solutions provider, Alteon Health LLC, in a new 24,336 square foot lease at Milestone Business Park at 12420 Milestone Center Drive in Germantown, MD. The move to Milestone Business Park, from the firm’s prior location on Century Boulevard, represents a 43% expansion in the company footprint and provides their employees with a modern, updated environment.
“J Street is thrilled to have assisted Alteon in the search for their next home for their rapidly expanding healthcare solutions work,” said J Street Executive Vice President, Paul Davis. “We are confident this new location will give them the amenities, access, technology and room to grow critical to their mission.”
Milestone Business Park, owned and managed by the Matan Companies, is located directly off of I-270 at the Father Hurley Boulevard exit, providing easy access and prime visibility. The four building, 635,000 square foot Class A office campus offers its tenants an unparalleled full-service experience with onsite amenities that include a new state-of-the-art 83-seat conference center, dedicated concierge services, fitness center, yoga and meditation classes, deli, and outdoor courtyard.
Alteon Health is a physician-led medical group committed to delivering high quality patient care by closing the gaps between hospitals, physicians, and patients. With nearly 50 years of experience and over 110 practice locations nationwide, Alteon offers a full scope of clinical services to help its partners overcome increasing complexity across the continuum of care. From improving operational efficiencies with data-informed processes, to utilizing the most thoughtful and well-designed people management programs, Alteon understands the importance of creating smart, efficient, and cost-effective solutions for hospitals and healthcare systems. The practice invests in its clinicians as people, not commodities of the business, and offers a number of customizable career paths and a variety of practice environments. By leveraging leading data, Alteon empowers clinicians to make an impact in their practice, while the back-office administrative support of a national organization allows them to concentrate on their patients.
J Street’s Paul Davis and Dan McNulty represented the tenant.
About The J Street Companies
The J Street Companies offers a complete array of real estate services, from commercial sales and leasing (including land and retail brokerage services) to property management, development and project management. J Street manages approximately 2.4 million square feet of commercial and multi-family property and has an experienced project management team that has managed over 8 million square feet of tenant build outs and base building construction. For more information on the J Street Companies, please visit us at www.jstreetcompanies.com.
About Matan Companies
Matan Companies, headquartered in the Washington, D.C. suburbs, is one of the region’s premier commercial real estate services and development firms. Founded over 40 years ago on the principle of providing a comprehensive, full-service approach, the firm’s current portfolio consists of over 6.5 million square feet of office/industrial assets, 4 million square feet in the development pipeline, several active residential developments, and a separate portfolio of multifamily units. The company delivers a full range of services to their real estate investors and tenants including asset and property management, leasing, and tenant services. For additional information about
the Matan Companies, please visit www.mataninc.com.
Karen L. Widmayer