The Rock Creek Property Group has secured a $34 million loan for the conversion of a former manufacturing facility in Gaithersburg, Md., into a life science property. The property, built in 1973, sits on a 13-acre plot and will be converted into a 120,000 sq. ft. Class A life science building outfitted for one tenant. Rock Creek purchased the former manufacturing facility – at 700 Quince Orchard Road in Gaithersburg – from DRS Solutions in 2015 for just $5 million. The speculative conversion will establish the first floor of the building as a parking garage, and the build out and business plan will aim to house just one tenant, although it “breaks nicely from two to four [tenants],” Learn More