Thursday, April 24, 2014
NEW BOSTON FUND SECURES TWO LEASES AT JOHNS HOPKINS CAMPUS
Pediatric Nursing Certification Board and Cato Research will occupy a combined 11,944 square feet
Rockville, Md. – April 24, 2014 – New Boston Fund, Inc., a private equity real estate investment, development and management firm, announced today that it has leased 6,387 square feet of office space to Pediatric Nursing Certification board and 5,557 square feet to Cato Research at Building III of the Johns Hopkins University Montgomery County Campus located in Rockville, Md.
Pediatric Nursing Certification board is the largest independent pediatric nursing certification organization in the country, and Cato Research is an international regulatory and clinical contract research organization.
“We’re thrilled to have these two tenants at the Johns Hopkins Montgomery Campus,” said David Langol, Vice President, Mid-Atlantic region at New Boston Fund. “Johns Hopkins University is a renowned name in the medical research and development field and one of the advantages of our location is the potential to benefit from the synergies created here at the campus.”
Building III of the Johns Hopkins University (JHU) Montgomery County Campus is a modern office, research and development, and academic building developed in 2004 by New Boston Fund and Spaulding & Slye Colliers, in collaboration with the school. The 115,691-square-foot facility is a hybrid building that provides opportunities for collaboration among the university, federal research labs and the private sector.
Approximately half of the L-shaped structure is devoted to academic uses for JHU, while the remaining space is leased to scientific and technology-related companies desiring to partner or co-locate with the university.
Pediatric Nursing Certification Board and Cato Research join Building III’s impressive list of tenants that include The CBH Health and Hanall Pharmaceutical International.
In this transaction, New Boston Fund was represented by Danny Sheridan and Morgan Sullivan of Jones Lang LaSalle. Andrew Genova of West, Lane & Schlager Realty Advisors represented the Pediatric Nursing Certification Board and Matt Brady of Sheer Partners, Inc. represented Cato Research.
About New Boston Fund
New Boston is an independent, privately owned real estate investment manager and an industry leader in providing real estate investment, development and management services with a history of strong sponsorship and oversight of its investment funds. New Boston has developed or acquired commercial and residential properties with a cumulative market value of about $3.5 billion, including 23 million square feet of commercial real estate and 7,500 residential units. Our investment vehicles cater to institutional and high-net worth investors by offering value-add and urban real estate investment funds with a focus on diversification and capital preservation. The New Boston Fund: People, Values, Returns. www.newbostonfund.com
For all news or media inquiries, please contact:
Solomon McCown & Company