The Matan Companies: News/Press

January 2012
Summit Pet Product Distributors Expand in Frederick Market with 22,400 Square Feet at Wedgewood II

Frederick, MD, January 3rd-Summit Pet Product Distributors has leased 22,400 square feet of distribution space at 4600 Wedgewood Bouelvard in Frederick, MD, part of the 377,700 square foot high bay warehouse facility known as Wedgewood II.

Scott Skogmo, SIOR of Sperry Van Ness represented the tenant in this transaction. JP Matan, Director of Leasing of Matan Realty represented the Landlord, Matan Companies.

Greensboro, North Carolina-based Summit is new to the Maryland market.

November 2011
Matan Companies Sponsors Local Economic Development Reception

Frederick, MD, November 9th- The Frederick County Business Development Advisory Council (BDAC) and the Office of Economic Development (OED) held their Annual Business Reception at Martins Walkersville.

Over 200 Frederick County business representatives, elected officials and partner organizations attended this year’s event. A brief awards ceremony was held to honor three Frederick County businesses and recognize a Frederick Innovative Technology Center (FITCI) graduate.

According to Laurie Boyer, OED Director, “We wanted this year to honor companies that are positively contributing to Frederick County’s economy and have shown remarkable innovation, creativity and sustained commitment to corporate responsibility.” All of the award winners are community leaders and give back to our community in a variety of ways.

The first 2011 Frederick County Community Leader award was presented to Downtown Piano Works for their corporate business philosophy. The second 2011 Frederick County Community Leader award was presented to a well-known family operation in Thurmont, Catoctin Mountain Orchard. The third 2011 Frederick County Community Leader award was presented to a relatively new Frederick company that has been reaching out to our community even before they opened, Wegmans Food Markets.

Mike Dailey, Frederick Innovative Technology Center Executive Director, recognized and presented UR Solar Power, LLC an award for being this year’s FITCI graduate, Frederick’s business incubator.

This year’s Platinum Event Sponsor was SAIC-Frederick, Inc. Additional support was provided by the following sponsors: Corporate Occupational Health Solutions, LLC, Frederick Innovative Technology Center, Matan Companies, Miles & Stockbridge P.C., The Columbia Bank, Frederick County Bank, Frederick County Office of Recycling, Frederick County Workforce Services, Morgan Stanley Smith Barney, LLC, The City of Frederick Department of Economic Development, Tyler Donegan Real Estate Services and the Frederick County Government – FCG TV.

March 2011
AMRL and CCRL Relocating 34,413 Square Feet to Frederick

New 15 year lease at 4441 Buckeystown Pike signed with Matan Companies

Frederick, MD, March 30th - The American Association of State Highway Transportation Officials (AASHTO) and ASTM International (formerly known as the American Society of Testing and Materials) have signed a new lease for 34,413 sf of warehouse/office/lab space in Frederick, Md. After approximately 80 years on the NIST campus in Gaithersburg, Md., the new facility in Frederick will be home to the offices, materials testing laboratories and proficiency sample programs of AMRL and CCRL.

It is estimated that the new facility will bring approximately 70 jobs to the area. The Lease was executed on March 4th and the Tenant is anticipated to occupy by October 1st, after the completion of the shell and tenant improvements.

“We’ve had a great relationship with NIST, but this is a great opportunity for AMRL and CCRL which allows us to bring all our operations under one roof for the first time in many years,” said Steven Lenker, director of the Construction Materials Reference Laboratories. “We are happy to work together with Matan to lease what will be a great building and location for us, as CCRL and AMRL begin a new era in Frederick.”

As part of the Landlord’s work, the exterior of building will be completely renovated to give the facility a brand new, modern look. The interior improvement will be a combination of office and testing laboratories.

JP Matan, director of leasing for the Matan Companies, represented the building owner and Dave Palank with CBRE represented the Tenant. “We are very pleased that AMRL and CCRL have made the decision to make Frederick their home for the next 15 plus years. It was a big decision that required a lot of hard work and cooperation from all those involved,” said JP Matan.

As an introduction to the community, the Tenant has reached out to Ron Tobin, the newly appointed business development & retention administrator with Frederick County. “Matan is very appreciative of Ron’s guidance & direction as they familiarize themselves with Frederick,” said Karl Morris, director of development for Matan Companies.

January 2011
U.S. Silica Relocates Headquarters to Riverside Five in Frederick

Frederick, MD, January 27th - U.S. Silica has officially opened its relocated headquarters at the Riverside Five building, located off Monocacy Boulevard in Frederick. Frederick's mayor, city officials, and Rep. Roscoe Bartlett welcomed U.S. Silica to Frederick County on Thursday afternoon. "It is pure silica from quartz," Ulizio said. "It is used in making glass and interior latex paint, a lot of things people don't appreciate or think about being made from sand." Ulizio said all types of glass, from a beer bottle to car windshields, are made from sand. Full Story

May 2010
Riverside Research Park Participates in BIO 2010 in Chicago, Illinois

Chicago, IL, May 6th - Matan Companies attended the 2010 BIO Convention in Chicago, proudly showcasing their development, Riverside Research Park. With a booth situated in the Maryland Pavilion, the park proudly promoted the new 330,000-SF National Cancer Institute’s Advanced Technology Research Facility and NCI’s Advanced Technology Partnerships Initiative to a wide array of individuals from across the world. The highlight of the three-day show came when JP Matan, Director of Leasing, attended a private breakfast with Maryland’s Governor O’Malley, followed by a tour of the Riverside Research Park booth display.

March 2010
Matan Companies and Morgan-Keller Inc. Host Tilt Up Party for the National Cancer Institutes New Research Facility At Riverside Research Park

Frederick, MD, March 19th - Matan Companies and Morgan-Keller, Inc. hosted a “tilt-up” party celebrating the construction progress for the National Cancer Institute’s 332,000-SF Advanced Technology Research Facility at Riverside Research Park in Frederick, MD. The goal of this state-of-the-art laboratory facility, slated for delivery in early 2012, is to enable scientists to more rapidly develop a new generation of highly targeted treatments for cancer patients.

“Tilt-up concrete construction is a proven method for building office buildings, retail centers, warehouses, and laboratories with speed, safety, and construction cost benefits,” said Karl Morris, Director of Development for Matan Companies. “In a tilt-up construction project, the building's walls are poured directly at the jobsite in large slabs of concrete called "tilt-up panels" or "tilt wall panels". These panels are then raised into position around the building's perimeter, forming the exterior walls.” Tilt-up construction allows general contractors to build a wide range of commercial buildings more quickly and with lower construction costs than what is typical for traditional masonry construction projects.

Morgan-Keller, Inc. (M-K) is constructing the core and shell of the National Cancer Institute building. Site work and construction of the core and shell will take approximately 16 months to complete. This project is comprised of five individual tilt-up concrete structures, connected via an atrium. Morgan-Keller, Inc. is one of Maryland’s largest and most respected commercial builders, with offices in Frederick and Columbia. Now in its 54th year of operation, M-K’s resume of recently completed projects include office buildings, retail centers, hotels, healthcare/biomedical, and several senior living facilities.

As part of the larger 177-acre Riverside Research Park, the National Cancer Institute’s 62-acre site will have expansion capacity for another 470,000 SF, reserved for life-science and advanced technology partner organizations. “This site will be the center of an intensive new effort to bring together government, industry, academic, and nonprofit partners, working side-by-side, utilizing technological resources second to none, to more rapidly translate our latest genetic and molecular discoveries about cancer into effective new treatments that benefit patients,” said John E. Niederhuber, M.D., Director of the National Cancer Institute. More information about the NCI’s Advanced Technology Partnerships Initiative (ATPI) can be found at www.atpihome.com.

NCI-Frederick, a government-owned, contractor-operated national laboratory, with SAIC-Frederick, Inc. as its prime contractor, is home to a cadre of researchers studying cancer and HIV/AIDS and is host to NCI’s Advanced Technology Program, which encompasses nanotechnology, high-performance computing, genomics, and biomedical imaging, among other areas. SAIC-Frederick, Inc. – a wholly owned subsidiary of Science Applications International Corporation (SAIC), a Fortune 500® company (NYSE: SAI) – is the operations and technical support contractor for the National Cancer Institute’s research and development center in Frederick, Maryland. This is a national laboratory dedicated to rapidly translating basic research into new technologies for diagnosing, treating, and preventing cancer and AIDS. SAIC-Frederick maintains a full suite of advanced technologies in areas such as nanotechnology, genomics, and imaging; operates the federal government’s only drug and vaccine manufacturing facilities; operates the high-performance Advanced Biomedical Computing Center; and supports more than 300 clinical trials for patients in the United States and around the world. “NCI has identified an urgent need to convert basic research findings into effective cancer treatments that can be delivered to patients right away,” said Larry O. Arthur, Ph.D., President of SAIC-Frederick. “The consolidation of our operations into modern facilities will enable us to do just that, with the specific goal of shortening timelines, reducing costs, and increasing productivity—all of which will benefit cancer patients and people at risk for cancer.”

October 2009
MATAN Companies Teams with Federal Capital Partners to Finance the National Cancer Institute at Riverside Research Park in Frederick, Maryland

Frederick, MD and Washington, D.C., October 2nd -The Matan Companies has teamed up with Federal Capital Partners (FCP) to complete the financing for the development of the National Cancer Institute’s 330,000 SF Advanced Technology Research Facility (ATRF) at Riverside Research Park in Frederick, Maryland. The state-of-the art 200-million-dollar office and laboratory facility will commence construction immediately and is slated for delivery in mid 2011. As part of the larger 177-acre Riverside Research Park, the National Cancer Institute’s 62-acre campus will have expansion capacity for another 570,000 square feet, reserved for life-science and advanced technology partner organizations. “This site will be the center of an intensive new effort to bring together government, industry, academic, and nonprofit partners, working side-by-side, utilizing technological resources second to none, to more rapidly translate our latest genetic and molecular discoveries about cancer into effective new treatments that benefit patients,” said John E. Niederhuber, M.D., director of the National Cancer Institute. With SAIC-Frederick, Inc. as its prime contractor, the new facility will be the only Federally-Funded Research and Development Center (FFRDC) in the country focused exclusively on biomedical research and development, with concerted technology and R&D partnership efforts toward reducing the burden of cancer.

Matan and FCP partnered to secure the 52-million-dollar construction financing from Wells Fargo Bank and US Bank. “Today’s financing environment demands creative approaches to bring large, high-profile projects like this to the market. The ATRF is one of the largest private biotech developments in the country to secure construction financing, and it is a credit to everyone involved,” stated Mark Matan, Principal of the Matan Companies. Matan Companies will develop and manage the project.

“We are incredibly excited to have formed this partnership with the Matan Companies to bring this very important project to fruition,” said Esko Korhonen, Managing Partner of FCP. “The diligent work by our teams resulted in consummating a great financing package, and we appreciated the opportunity to work with Wells Fargo, US Bank, Jones Lang LaSalle, and Cassidy & Pinkard to get this deal completed.”

Cassidy and Pinkard helped to secure the equity and debt for this transaction, and Jones Lang LaSalle represented the Tenant.

About Riverside Research Park:
Riverside Research Park is the first biomedical research and development park of its kind in Frederick, Maryland. The 177-acre site has all necessary infrastructure and utilities in place and is ready to build. Riverside delivered its first tenant in the Spring of 2008, a 54,000 SF facility for Charles River Labs. Riverside can accommodate up to 1.8 million SF of lab, R & D, and office space. “Frederick has a vibrant biotech community servicing NIH, the National Cancer Institute, and Fort Detrick, but until now there hasn’t been a destination for these companies to come together in a collaborative, campus-type environment in this market. Riverside Research Park provides just that, and there has been a very high level of interest from companies looking to co-locate with the National Cancer Institute,” said J.P. Matan, Director of Leasing for Matan Companies. Located within the city limits of Frederick and less than three miles from the main gates of Fort Detrick, Riverside is uniquely positioned to provide private sector companies, government agencies, and universities a secure and collaborative work environment. Abundant green space, water features, walk/jogging trails, courtyards, and chance meeting spaces will all add to the collaborative work environment and campus-like feel of Riverside Research Park.

About Federal Capital Partners:
Founded in 1999 by partners Esko L. Korhonen and Lacy I. Rice, Federal Capital Partners (FCP) is a real estate investment and development company headquartered in Washington, D.C. Other partners include Alex Marshall and Tom Carr, former Chairman and CEO of CarrAmerica Realty Corp., who joined FCP as a partner in early 2007. Since its inception, FCP has acquired more than $1.2 billion in real estate assets, consisting of multi-family, office, retail, and industrial assets. In 2008, FCP raised a 240-million-dollar, co-mingled, private equity fund, which it is currently investing in multiple product sectors in the Mid-Atlantic region. FCP has established a strong reputation in the greater Washington, D.C. metropolitan area real estate markets as an investor with a keen eye for indentifying unexploited markets and product sectors.

About Matan Companies:
Headquartered in Frederick, Maryland for over 30 years, Matan Companies is one of the region's premier commercial real estate and development firms. Founded on the principle of providing a comprehensive, full-service approach to all disciplines involved in commercial real estate, Matan has assembled an in-house professional staff with a proven track record in the disciplines of asset management, investment sales, debt placement, property management, leasing, development, and construction. Matan’s knowledge of the local market and established history, including certainty of closing, expeditious due diligence, and timely settlement dates, sets the company apart from the competition. This full-service approach gives Matan the ability to control every phase of the real estate investment process. Matan’s primary geographic focus is Frederick, Maryland and the I-270 Corridor. Matan’s current portfolio consists of over 3.2 million SF in 30 buildings, with an additional three million SF in the development pipeline.

About NCI-Frederick and SAIC-F:
With SAIC-Frederick (SAIC-F) as its prime contractor, NCI-Frederick is home to a cadre of researchers studying cancer and HIV/AIDS and is host to NCI’s Advanced Technology Program, which encompasses nanotechnology, high-performance computing, genomics, and biomedical imaging, among other areas. SAIC-F, a wholly owned subsidiary of Science Applications International Corporation (SAIC), a Fortune 500® company (NYSE: SAI) – is the operations and technical support contractor for the National Cancer Institute’s research and development center in Frederick, MD. This is a national laboratory dedicated to rapidly translating basic research into new technologies for diagnosing, treating, and preventing cancer and AIDS. SAIC-Frederick maintains a full suite of advanced technologies, in areas such as nanotechnology, genomics, and imaging; operates the federal government’s only drug and vaccine manufacturing facilities; operates the high-performance Advanced Biomedical Computing Center; and supports more than 300 clinical trials for patients in the United States and around the world. “The NCI has identified an urgent need to convert basic research findings into effective cancer treatments that can be delivered to patients right away,” said Larry O. Arthur, Ph.D., CEO of SAIC-Frederick. “The consolidation of our operations into modern facilities will enable us to do just that, with the specific goal of shortening timelines, reducing costs, and increasing productivity—all of which will benefit cancer patients and people at risk for cancer.” More information about the NCI’s Advanced Technology Partnerships Initiative (ATPI) can be found at www.atpihome.com.

August 2009
Clemson Corner set for Development off Route 26 and 15 in Frederick, Md.

Frederick, MD, August 27th - On August 14, 2009, the Clemson Corner, LLC, a joint venture between Faison-Clemson, LLC and Atapco Clemson, LLC, completed funding arrangements and closed on the purchase of 37 acres of land in Frederick, Maryland to develop Clemson Corner Shopping Center. Clemson Corner comprises approximately 380,000 square feet of retail space located at the intersection of US Route 15 and Maryland Routes 26 and 355. The shopping center anchor deals include Wegmans, Lowes, and Marshalls, in addition to a free-standing Wachovia full-service bank. An opening date of Spring 2011 is planned for the center.

This planned retail center is conveniently located within minutes of both Riverside Corporate Park (home to Riverside Five and Wells Fargo Home Mortgage) and Riverside Research Park (home to the planned National Cancer Institute ATPI Facility), further enhancing the already robust Route 26 business corridor.

Atapco Properties is a wholly-owned subsidiary of American Trading and Production Corporation, which was originally formed in 1931 to consolidate, expand, and diversify the business activities of the Blaustein family, the founders of the American Oil Company (AMOCO).

Faison Enterprises, Inc. is a privately-held development company with a diversified product portfolio that includes retail, commercial, and residential project development, management, and acquisitions services. With more than 45 years in the business and holdings of approximately $1 billion, the Charlotte, NC-based company manages and develops properties throughout the South and Mid-Atlantic and maintains regional offices in Bethesda, MD, Charlotte, NC, and Atlanta, GA.

July 2009
Frederick Breaks Ground on Monocacy Boulevard Connection

Frederick, MD, July 24th - Frederick drivers are one step closer to driving on Monocacy Blvd, from East Street to Riverside Research Park. The City broke ground on the much anticipated center section of Monocacy Blvd at Hughes Ford Road and held a well attended ribbon-cutting ceremony on Friday July 24th. The connection of this crucial section of the existing Monocacy Blvd with Gas House Pike and onto Shifferstadt Blvd will allow easier access for many existing businesses on the east side of the City. The center section will complete the connection that stretches from Route 15 to East Patrick Street thus creating a corridor around the downtown area. This will provide Matan’s Riverside Five, Wells Fargo Regional Mortgage Headquarter and Riverside Research Park with direct access to I-70 and I-270 via Monocacy Boulevard.

Mayor Holtzinger stated, "The importance of this section is to complete a critical link of this road to relieve traffic congestion around the east side of the City of Frederick and to improve access to I-70 and I -270 to employment/limited industrial/general commercial zoned land in the City of Frederick."

He was complimentary of the current Board of Aldermen for their support of this project as well as former Mayor Jim Grimes, whose initial vision started the process. Construction of the center section of Monocacy Boulevard is expected to be completed in approximately 18 months. Mass grading will commence this summer and development of the utilities and bridge over Carroll Creek is anticipated to take place in the Fall of 2009.

June 2009
SRA Celebrates 30,000-SF Space at Riverside Five with Ribbon Cutting

Frederick, MD, June 24th - SRA International held a ribbon-cutting ceremony for the expansion of its regional office in Frederick, Maryland at Riverside Five. The ceremony was attended by SRA President and CEO Stan Sloane, Executive Vice President and COO Tim Atkins, Senior Vice President Health and Civil Services Sector Director Max Hall, Peer Review and Science Management Business Program Manager of Frederick Dr. Vladimir Knezevic, and local government and community leaders from the Frederick area.

“Riverside Five provides SRA a great work environment, with close proximity to Fort Detrick and adjacency to the new NCI facility at Riverside Research Park. Riverside provides a destination for companies to come together in a collaborative campus-type environment in Frederick. The location, combined with the environmentally-friendly elements of the building and outdoor-park-type amenities, truly make this location desirable for all companies looking to locate in Frederick.” – JP Matan, Director of Leasing, Matan Companies

The Frederick facility is SRA’s greenest office space, utilizing low VOC paint, adhesives and sealants, open floorplans with natural light, carpet made of recycled materials, and motion-detector light switches. In addition, Riverside Five provides its first tenant with additional green features, including outdoor air usage 40% greater than ASHRAE 2004 requirements, a 33% reduction in water consumption, and site amenities such as bicycle and preferred parking for hybrid and high-occupancy vehicles.

“The Frederick office will establish our Center for Peer Review and Science Management to better serve existing customers, by providing our staff with a modern facility designed to promote teamwork and creativity,” said Knezevic. “The space also affords us room to grow, as our preeminent peer-review service offering continues to exceed customer expectations and generate new business, as well as provides our employees with a time- and money-saving telecommuting center and helps reduce auto emissions on the I-270 corridor.”- Dr Vladimir Knezevic, SRA

Joining SRA’s Sloane and other executives for the ribbon-cutting were Richard Griffin, Director of the Office of Economic Development, and Denise Jacoby, Chair of the Frederick Chamber of Commerce and Executive Director of the Frederick County Builders Association.

May 2009
Matan's Riverside Five Wins NAIOP 2009 Award of Merit

Washington, D.C., May 7th - Matan’s Riverside Five was honored with the NAIOP Award of Merit for best suburban office building, 1-4 stories. The NAIOP Maryland/D.C. Awards of Excellence Gala was held at the Willard Intercontinental Hotel in Washington, D.C. This is the second Matan-developed office building within Riverside Corporate Park to win a NAIOP award (Wells Fargo Regional Headquarters won in 2008). The Maryland/D.C. chapter of NAIOP honors superior performance in commercial and industrial real estate. On behalf of the Matan Companies, developer of Riverside Five, James Matan accepted the award, and Rick Donnelly represented DVA, architects on the project.

April 2009
Matan's Riverside Five Welcomes First Tenant

Frederick, MD, April 30th - Matan Welcomes 30,919-SF-user SRA as First Tenant.

March 2009
Matan Companies Leases 10,000 SF to Biotech Firm, APE-BridgePath Scientific

Frederick, MD - APE-BridgePath Scientific showcased its new 10,000-square-foot quarters during Wednesday's Frederick County Chamber of Commerce's Member2Member program.

Located at 4841 International Blvd. in Frederick, APE-BridgePath Scientific assists privately and publicly funded researchers and companies with preclinical development of pharmaceuticals, vaccines and research tools.

Joseph N. Garner, company president and chief operations officer and CEO Patrick Haley gave a tour of the facility. Housed at the facility is a lab testing biodiesel, tissue culture and dark rooms, a warehouse that takes in a truckload of lab equipment for refurbishing and sends out about the same amount weekly, a soundproof office for servers and a conference room with a 50-inch television for PowerPoint presentations. Full Story

February 2009
SRA International, Inc. signs new 30,919-SF Lease at Riverside Five

Frederick, MD, February 25th - SRA International, Inc has signed a new lease for 30,919 sf of Class-A office space at Riverside Five in Frederick, MD. Headquartered in Fairfax, Virginia, SRA International, Inc. and its subsidiaries are dedicated to solving complex problems of global significance for government organizations serving the national security, civil government and global health markets.

Riverside Five, Matan’s newest Class-A office building, measuring 126,151 sf, is located within Riverside Corporate Park and is adjacent to the 310,000-sf Wells Fargo Home Mortgage Mid-Atlantic Regional Headquarters. It is also located next to the 177-acre biotech campus of Riverside Research Park, home to the planned 330,000-sf National Cancer Institute facility, which aims to accelerate progress against cancer and AIDS through the Advanced Technology Partnerships Initiative. Riverside Five is designed to be Energy Star-rated.

The Landlord, Matan Companies, was represented by James Matan and JP Matan of Matan Realty. Chris O’Brien and Steve Hubberman of Studley represented SRA International, Inc. in the new lease at 8490 Progress Drive, Frederick, Maryland.

December 2008
126,000-SF Riverside Five Delivered on Schedule

Frederick, MD, December 1st - Situated along the banks of the Monocacy River, Matan delivered the 126,000-SF Riverside Five, destined to redefine Class-A office space in Frederick, Maryland. Currently Frederick’s greenest office building, Riverside Five boasts an impressive exterior of tilt-up concrete construction and efficient low-E exterior glass. The interior construction utilizes state-of-the art technology and materials that create a world-class environment. To learn more about this distinctive building, click here.

Tours are now available. Contact James Matan or Mike Jezienicki at (301) 694-9200.

November 2008
Matan Breaks Ground on 330,000-SF National Cancer Institute Facility

Frederick, MD, November 12th - Matan broke ground Wednesday on a new 330,000-SF National Cancer Institute facility at Riverside Research Park, which is located adjacent to Riverside Five. This new facility will house the advanced technology research facility for NCI and is slated to open in early 2011. Riverside Research Park is the first and only world-class biomedical research park with a synergetic campus setting located in Frederick, Maryland. Current tenants include Charles River Labs, a 54,000-SF vivarium. The 177-acre park can accommodate up to a total of 1.8 million SF of lab, R&D and office space.

November 2008
Lt. Gov. Visits BRAC Zone in Frederick

Frederick, MD, November 11th - Frederick is one of five jurisdictions that applied for a revitalization zone. Other areas include Laurel, the area near Andrews Air Force Base in Prince George's County, a portion of Baltimore City and Odenton near Fort Meade.

Brown said all five proposed zones potentially could be approved. The awardees will be notified by Dec. 15.

Officials predict that BRAC would bring 60,000 new jobs and 28,000 new households to Maryland.

Expansion of Fort Detrick and the National Cancer Institute could bring more than 1,000 jobs to the area, officials have said.

On Wednesday, ground will be broken on a 330,000-square-foot National Cancer Institute research center in the Riverside Research Park. Full Story

October 2008
Matan Companies Leads Green Initiative in Frederick with Riverside Five

Frederick's Greenest Office Building Delivers 126,151 SF in November 2008

Frederick, MD, October 16th - Matan Companies, one of Maryland's premier real estate development firms, goes green with its newest top-tier Class-A office space, Riverside Five, located along Frederick's emerging Route 26 business corridor. Riverside Five is a 126,151-SF, four-story, tilt-up concrete Class-A office building, situated on 10 acres along the banks of the Monocacy River.

This state-of-the-art office facility, set for delivery in November of 2008, will be the greenest Class-A office building in Frederick. Utilizing the U.S. Green Building Council (USGBC)'s guidelines, Riverside Five's development and construction will yield a more energy-efficient building, reducing operating cost and helping to minimize its environmental footprint.

"Sustainability is an increasingly critical component of today's business decisions. Matan's decision to implement green building practices is commendable. The City of Frederick hopes to see such practices implemented throughout our community."- Richard Griffin, AICP, CEcD - Director of Economic Development, The City of Frederick

Learn More About Frederick's Greenest Office Building!

July 2008
Matan Making Progress on Riverside Five

Frederick, MD, July 9th - Construction moves at brisk speed for the 126,000-SF Riverside Five. Click the images below to see exterior progress. After scrolling through the slideshow, take a look at updated site plan and floor plans now available.

April 2008
Matan Companies Tilts Class-A Spec in Frederick

Frederick, MD, March 27th - Frederick, Maryland-based developer Matan Companies hosted a "Tilt Up Party" for their latest project along the Route 26 corridor. The tilting of concrete panels for Riverside Five, a four-story, 126,000-square-foot office building located at 8490 Progress Drive, as witnessed by roughly 150 guests.

The rainy day gave way to a few solid hours of pleasant sunshine, which afforded guests an opportunity to witness a 250-ton crane lift and assemble panels weighing as much as 54 tons and standing 61 feet tall. General contractor Morgan Keller broke ground on the DVA Architects design in November of 2007 and is scheduled to deliver the property in November of 2008.

"We were excited about the turnout and the level of interest in Riverside Five. Watching a four-story tilt-up process is a fairly impressive sight, and I think everyone took home a greater appreciation for the engineering and technology that allows for a building's walls to go up right before your eyes," said Matan Director of Development Karl Morris.

"This building is unique on many levels. The four-story tilt design is the first of its kind in Frederick, and it will raise the bar for Class-A office space in this market," commented JP Matan, director of Leasing for Matan. "It is also the only Class-A office building currently under construction in this market. Its location and design will have great appeal to those large corporate tenants looking for space in Frederick."

Riverside Five is located adjacent to another Matan Project, the 177-acre Riverside Research Park. The research park is currently under construction, and its first tenant is scheduled to occupy in May. The research park has been very well-received by the growing number of tenants needing to locate within close proximity to Fort Detrick.

The construction of Riverside Five is the second project that Matan is delivering to the Riverside Corporate Park landscape. In 2007, Matan completed a 310,000-square-foot three-story office build-to-suit for Wells Fargo Home Mortgage, which serves as the Mid-Atlantic Regional Headquarters. The WFHM Headquarters building represented the largest commercial transaction in Maryland in 2007.

April 2007
Matan Purchases 180,000 Square Feet of Warehouse Space

Frederick, MD, April 7th - Matan Companies. has purchased 2421 Monocacy Blvd. for $15.6 million.

Last known as Frederick Trading Co., the building has 180,000 square feet of warehouse space.

It was purchased from Ruppert Properties, which bought the building in 2001 for $7.3 million. Full Story