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Scheer Partners Announces Gaithersburg's Premiere Professional Office-Condominium Property Secures Target Community & Educational Services, Inc. as Tenant

Gaithersburg, MD (February 20, 2014) – Scheer Partners Senior Vice President Nate Crowe and Associate Kevin Rosenberg are pleased to report that a new sale has been executed in the Fairview Building at 438 N. Frederick Avenue, bringing this Class-A Gaithersburg property to 94 percent occupancy.

Target Community & Educational Services, Inc. (Target) purchased a 4,033-square-foot suite on the third floor in a recent transaction where Crowe and Rosenberg negotiated for the landlord. Other major suite owners in the building include Chawla & Chawla, CPA, LLC and Kane Construction, Inc. Only three suites remain available at the property.
 
Built in 1982, this 72,600-square-foot building recently received renovations including a new main lobby, common areas and restrooms all with extensive granite, new HVAC systems and a new roof, new state-of-the-art fire and life safety systems, and a complete modernization of the elevators.

The property also boasts unique shared amenities, such as executive conference rooms, a fully appointed kitchenette, a professional copy room and climate-controlled storage.

Marek Rich, a Vice President with Scheer Partners, represented Target. Says Rich, “Given the challenges of Target’s existing property, Fairview afforded them with a purchase opportunity to solidify a long-term solution for the association, while addressing their growth requirements, housing all of their staff and conferencing needs in one space, and also fulfilling their abundant parking requirements.”

About Target Community & Educational Services, Inc.:
Since its inception in 1983, Target Community & Educational Services, Inc. (Target) has been dedicated to enhancing the lives of children and adults with intellectual and other disabilities through quality, community-based residential, educational, vocational, recreational and family support services.

About Scheer Partners:
Founded in 1991, Scheer Partners is a full-service commercial real estate firm headquartered in Rockville, Md. With a focus on the greater Washington and Baltimore regions, Scheer Partners’ fully integrated services include tenant and landlord representation; strategic planning consulting; facilities and construction management; and investment sales, acquisitions and development. The company’s Web site is www.scheerpartners.com.

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