Matan Companies broke ground on the latest addition to its commercial development on the former Leidos site at the corner of MD 355 and Montgomery Village Avenue in Gaithersburg today. Construction will now commence on a 10175-square-foot strip mall at 715 Progress Way. It will join two fully-leased 198,000-square-foot Class A buildings, also developed by Matan Companies, whose tenants include AstraZeneca, Montgomery County Public Schools (MCPS), and Daikin Comfort Technologies Distribution, Inc., and two pad sites occupied by Chick-fil-A and Sheetz. The latter two have drawn tremendous traffic to the property, and corporate officials at Sheetz have publicly expressed their satisfaction with the success of their first Montgomery County location here.
Three pad sites remain available, along with the inline spaces available in the future strip mall. "We’re excited to continue expanding this dynamic destination in Gaithersburg," said James Matan, Director of Leasing for the Matan Companies, said in a statement this morning. "With strong existing traffic generated by Chick-fil-A and Sheetz, along with excellent accessibility, this site offers an ideal opportunity for retailers."
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