Montgomery College Selects Builder for $40 Million Life Sciences Building at Germantown Campus
Late last week, the Pinkney Innovation Complex for Science and Technology (PIC MC) signed a development agreement to add a state-of-the-art life sciences office building to the Montgomery College Germantown Campus.
19710 Observation Drive, LLC, a joint venture between Rockville-based, South Duvall and Germantown-based Minkoff Development, will build a $40 million facility on a 5.67-acre parcel at 19710 Observation Drive in Germantown. The 120,000 square foot building will include lab, office, manufacturing and distribution space aimed at companies focused on areas such as biotech, life sciences and cybersecurity.
The new building will be on the plot of land between the current college buildings and the new Holy Cross Hospital Germantown complex of medical buildings on Observation Drive in Germantown. The Pinkney Innovation Complex for Science and Technology at Montgomery College, or PIC MC, is a hub of education, business, and entrepreneurship, where industry partners co-locate and actively interact with faculty and students to achieve both educational and economic success.
“We are so excited to have aligned with such an experienced team to continue to build out our vision for the Germantown Campus,” said Martha Schoonmaker, executive director of PIC MC. “This new life sciences building will allow us to offer our students real-world access through partnerships and internships.”
The Montgomery College Germantown Campus features the 97-bed Holy Cross Hospital, a 145,000 square foot bioscience educational building and the Montgomery County-owned, Germantown Innovation Center that is a business incubator with 24 startup companies.
Montgomery College President Dr. DeRionne P. Pollard said the development agreement is another example of how the college works with the private sector to “stimulate job growth and attract new businesses to the Germantown Campus for the years to come.”
Robert Scheer, president of Scheer Partners, said he is bullish on demand for the new building, adding that life sciences firms are increasingly moving to Montgomery County. Scheer Partners is the exclusive leasing agent for the project.