On August 11th, 2011 an affiliate of Meritage, in partnership with Ivy Equities, acquired Shady Grove Plaza, a 184,290 SF office building in Rockville, MD. Located at a major intersection overlooking I-270 and just one exit away from the Inter-County Connector, Shady Grove Plaza is strategically located at the heart of Greater Washington’s “DNA Alley”, a progressive and dynamic market known for its high concentration of government contractors and innovative biotechnology companies. The property is just a five minute drive from the National Cancer Institute’s recently completed 575,000 SF headquarters as well as Shady Grove Hospital.
Shady Grove Plaza is a 4-story Class A office building with an attractive design featuring two convenient lobby entrances. The property offers a flexible floor plate with an outstanding window line to core ration that works well in both single and multi-tenant configurations. On-site building amenities include a renovated fitness center, grab-n-go bistro, a recently updated conference facility and soon to be completed tenant lounge.