4200 WISCONSIN AVE, WASHINGTON, DC
25,000 SF MEDICAL TENANT (AND LANDLORD) REPRESENTATION
The tenant MedStar was looking in North Georgetown, not Tenleytown, to relocate its Pediatrics Department from the Georgetown Hospital campus. Landlord American University was looking for regular office tenant(s) not a medical tenant.
Summit introduced the two parties and illustrated the possible win-win of MedStar Pediatrics and OBGYN as a major tenant in 4200 Wisconsin Avenue with prominent signage, expansion, and preferred parking rights.
5454 WISCONSIN AVE, CHEVY CHASE, MD
MEDICAL TENANT REPRESENTATION / MEDSTAR HEALTH
3833 N. Fairfax Drive, Arlington, VA
Full Building Medical Tenant Representation
John Duffy and Paul DeFilippes represented Georgetown University Hospital (GUH) in full building lease for GUH suburban expansion strategy. Building completely renovated to become state of the art medical center with multiple specialties.
Below market rent, significant rent abatement, all improvements paid by landlord (including additional elevator), free parking.
1396 Piccard Drive, Rockville, Maryland
Full Building Medical Tenant Representation
Paul DeFilippes and John Duffy represented Georgetown University Medical Center (GUMC) for second full building lease of suburban expansion. 43,000sf, $19.05/sf rent, 2% annual escalation, free parking, $115/sf Tenant Improvement Allowance.
When MedStar took over GUMC strategy changed to disposing suburban locations. Duffy and DeFilippes subleased entire building to Kaiser Permanente for significant profit to MedStar.
11333 Woodglen Dr. North Bethesda, MD
Lab Renovate to Suit Tenant Representation
Paul DeFilippes and John Duffy represented lab requirement of Bill Young Marrow Donors Program (BYMDP) and grant holder GUH in lease of 30,000 sf build/renovate-to-suit in North Bethesda/Rockville, MD. $22.65/sf rent, free parking for 3 years, Landlord constructed all base building improvements to accommodate BYMDP’s specialized lab use including mechanical, electrical plumbing, structure, etc. plus landlord had to provide $1,200,000 tenant improvement allowance above all Landlord required work.
2000 N 15th Street, Arlington, VA
Tenant Representation MedStar Health
MedStar Health 1145 19th Street, Washington, DC
Medical Tenant Representation
Testimonials
“You collectively negotiated on our behalf what we know to be a much ‘better than market’ deal and did so in an aggressive controlled manner.”
Testimonials
“True to your word, you were our partner in our relocation project from beginning to end. You educated us about the market, raised issues that we would not have been aware of, and were our advocate during the deal making process. I would recommend you and Summit to anyone who is contemplating an office move in Washington, DC.”
Testimonials
“Summit worked tirelessly, engaged landlords and, in the end, found us our perfect space. I highly recommend them.”
Testimonials
“Summit has always negotiated the best and most advantageous lease terms for MedStar Health and our many affiliates. I highly recommend Summit commercial.”
TENANT REPRESENTATION
ADVISORY & CONSULTING
INVESTMENT AND USER SALES
RETAIL SERVICES
ASSET LEASING
