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Center 85

Center 85

Offered for Sale or Lease at a fraction of replacement costs, 4930 & 4931 Executive Court S at Center 85 are Fredrick, MD’s premier life science and industrial buildings, which span over 200,000 SF combined and were completed in 2021. These buildings offer world-class manufacturing and distribution capabilities in one of the most highly sought-after life science markets in the nation. The Frederick, MD market is home to 80+ cutting edge bioscience companies and offers prospective life-science users strategic proximity to Fort Detrick, one of the most important research installments in the world, which is home to five cabinet level agencies (DOD, HSS, FDA, HHS & the VA).

Consisting of two available buildings, Center 85 is comprised of 4930 Executive Ct S – a move-in-ready bio/manufacturing facility spanning 86,000 SF that was finished to world-class standards in 2021 and 4931 Executive Ct S – a 116,800 SF warehouse with substantial base building upgrades and a flexible configuration that can accommodate an additional best-in-class bio/manufacturing buildout or easily be configured to support a traditional warehouse user. Capable of scalable cGMP production, 4930 Executive Ct S offers unparalleled building infrastructure that includes a 2000A/480V power supply, a 400kW backup generator system, three 160-ton HVAC chillers and three 960 MHB hot water boilers, amongst other major upgrades completed via a $650+ PSF initial buildout. 4931 Executive Ct S has been largely outfitted to comparable base building standards but can be efficiently transitioned to support a full or partial building warehouse user with bay sizes starting at 20,000 SF.

Presented By

Speakers and Panels

The Future of Frederick County: Economic Development, Investment Growth, Tenant Growth and Other Opportunites

Troy LeMaile-Stovall

Troy LeMaile-Stovall

CEO

TEDCO

Xiaonao Liu

Xiaonao Liu

CEO

Nanobiofab

Rick Weldon

Rick Weldon

President & CEO

Frederick County Chamber of Commerce

Mary Ford-Naill
Moderator

Mary Ford-Naill

Economic Development Manager

The City of Frederick

Troy LeMaile-Stovall

CEO

TEDCO

As the CEO of TEDCO—Maryland’s economic engine for technology companies—Troy leads the organization’s mission to support economic development through the cultivation of an inclusive entrepreneurial innovation ecosystem. He brings to bear more than 25 years of experience in investment management, higher education, telecommunications, information/communication technology, and management consulting in this leadership role.

Prior to joining TEDCO, Troy was the chief operating officer at the University of the District of Columbia (UDC), the nation’s only urban land-grant university. UDC encompasses a six-site community college, a four-year baccalaureate campus, and a law school, and serves 7,000 degree- and certificate-seeking students. He oversaw an array of critical functions at UDC, including capital construction, communications, emergency management, enrollment services, facilities management, government relations, information management, institutional research, marketing, public safety, risk management, and strategic planning, to name a just a few.

An entrepreneur at heart and in spirit, Troy founded the management consulting firms LeMaile-Stovall LLC and GTMS Partners, LLC. He also co-founded and served as the first president and CEO of GulfSouth Capital. His resume includes positions as the interim president of Zenith Education Group; principal at Butler Snow Advisory Services; executive vice president and chief operating officer of Howard University; and senior vice president and chief financial officer Jackson State (Mississippi) University, where he was awarded the Thurgood Marshall HBCU CFO of the Year. Earlier in his career, Troy held positions at McKinsey & Company, Southwestern Bell Telephone (now AT&T), AT&T Bell Labs, and Rockwell international.

Troy is a subject matter expert in capital stack formation and a frequent speaker on venture capital, economic development, and higher education administration, among other topics. He has published articles on entrepreneurship, venture capital, economic development, diversity and inclusion, and higher education. His expertise has been recognized through the various awards he has received including the Dealmakers Award and the Most Admired CEO, among others.

Rick Weldon

President & CEO

Frederick County Chamber of Commerce

Rick Weldon is the President/CEO of the Frederick County Chamber of Commerce. Prior to his

employment with the Chamber, Rick has served as a public administrator for both the City of Frederick

and the City of Brunswick, a member of the Board of County Commissioners for Frederick County, and as

a two-term member of the Maryland House of Delegates representing southern Frederick County and

southeastern Washington County.

Born and raised in New Castle County, Delaware, Rick relocated to Maryland after a tour of duty in the

US Navy Submarine service and a decade-long employment tenure as a civilian in ship systems

procurement with the Navy Department in Crystal City, VA.

Rick is a 1998 graduate of the Chamber’s Leadership Frederick County program, and has lectured,

advised and assisted program participants for over 20 years.

Rick has experience at every level of government, from local to federal. Rick also understands the

nonprofit charitable giving industry, having served as the CEO of United Way of Frederick County during

a challenging economic period (the national recession from ’08-2010).

Rick resides in Brunswick with Amy, his wife of 43 years. Rick has three grown children and five

grandsons. Rick and Amy are active outdoors enthusiasts, and Rick’s many hobbies include teaching &

watching youth baseball, Community Theater (over 23 local productions in MD, VA and WV) as well as

reading and being a grandfather.

Mary Ford-Naill

Moderator

The City of Frederick

Mary Ford-Naill joined The City of Frederick in 2017 as its Manager of Economic Development. Prior to this role, her career included over 30 years commercial and residential real estate industry experience. Mary’s current role focuses on promoting business attraction across key industry sectors, such as biotechnology, advanced manufacturing and technology and implementing business expansion and retention initiatives within the city. She is actively engaged in the entrepreneurial ecosystem supporting Frederick’s local incubator and accelerator program as well as diverse start-up business ventures throughout the city.

Mary is passionate about service to the community and is an active member of Rotary International and has served in leadership roles and both the district and local levels. Mary has a MBA and BA from Hood College. She is a graduate of Leadership Maryland (’23) and Leadership Frederick (’03). Mary is a current board member for the Golden Mile Alliance and techfrederick, organizations that play pivotal roles in the development and promotion of Frederick's business landscape. She previously served on the board for several non-profit organizations including the Downtown Frederick Partnership, Frederick County Chamber of Commerce, and Saint John’s Catholic School.

Navigating Frederick County's Development Pipeline: Life Sciences, Industrial and Multifamily

Matthew Holbrook

Matthew Holbrook

Regional Partner

St. John Properties

Michael Brodsky

Michael Brodsky

CEO

Goldstar Group

Taylor Chess

Taylor Chess

President - Development

Peterson Companies

Brad Benna

Brad Benna

Director, Leasing

Matan

Lara Fritts
Moderator

Lara Fritts

Director, Division of Economic Opportunity

Frederick County

Matthew Holbrook

Regional Partner

St. John Properties

Mr. Holbrook joined St. John Properties in 2009. As Regional Partner, he directs the comprehensive acquisition, development, construction, leasing, and asset/property management activities for the firm’s portfolio in Virginia and in Central Maryland including Frederick, Montgomery, and Washington counties. Mr. Holbrook has nearly three decades of diverse experience in the commercial real estate industry and holds a Bachelor of Science from East Carolina University and a Masters in Business Administration in Real Estate and Finance from American University in Washington, D.C. Mr. Holbrook is active in numerous professional and civic organizations including NAIOP Virginia and he has served as adjunct faculty/lecturer at the graduate real estate programs of Georgetown University and John Hopkins University.

Taylor Chess

President - Development

Peterson Companies

Taylor O. Chess is Senior Manager Director, Development for Peterson Companies and serves on the Company’s Investment Committee. Taylor has developed retail projects valued over $250 million. He is a visionary, known for spotting acquisition opportunities, imagining the possibilities, divesting of property, acquiring land, and building joint ventures.

Taylor has been instrumental in leading the company’s expansion into new ventures and development and looks at all disciplines of real estate to find the best use based on market conditions and social and economic changes.

Prior to Peterson Companies Taylor was Senior Vice President, Investments at Regency Centers where he established the Mid-Atlantic and Northeast offices. During his eight years, he developed 11 centers valued at approximately $660 million and assisted in the acquisition of 140 centers.

Taylor studied at California State University, Northridge. He serves on numerous philanthropic boards and committees including Joe Gibb’s Youth For Tomorrow, Fairfax County Sports Tourism Tax Force and mentors real estate students through ULI’s mentoring programs. He was recently appointed by Gov. Glenn Youngkin as a member of the Metropolitan Washington Airports Authority board of directors to help establish policy and provide direction to management for the operation of Dulles International and Reagan National Airports and the Dulles Toll Road. He served as ICSC’s State Director of Maryland, Washington D.C. and Virginia and has been a guest speaker for the GWU Real Estate Program.

FUN FACT: While studying in California Taylor tried his hand at Hollywood and landed roles in popular television shows and movies like Dynasty, Matlock, Solid Gold and Space Balls to name a few.

FAVORITE PROJECT: Creating new development opportunities. Once he’s achieved a goal, he looks forward to the next big thing.

Brad Benna

Director, Leasing

Matan

Brad focuses on all activities associated with the marketing, brokerage, and negotiation of both new and existing leases along the northern I-270 corridor. Brad spends much of his time in Frederick and Northern Virginia, seeking to expand the footprint of the Matan organization and overseeing acquisitions in these areas. Prior to taking this role at Matan, Brad, a commercial real estate broker, served as Vice President of Sales and Leasing for McShea and Company. Though, he credits most of his real estate ingenuity to the years he spent working alongside his father in his family-owned construction businesses.

Brad holds a Bachelor of Science Degree in Accounting from Georgetown University. Among his many achievements, Brad was named Broker of the Year in Frederick County in 2016 and 2017. Brad has been active over the years as a leader in in regional economic development through terms on the Board of Directors for the Chamber of Commerce of Frederick County, the Business and Industry Committee of Frederick Memorial Hospital, and the Business and Industry Committee for the Frederick Office of Economic Development. Brad has also worked with the Affordable Housing Council of Frederick County, the Downtown Frederick Partnership and was a 2005 Leadership of Frederick graduate. Brad continues to give back to his community through volunteer work and serving as both a baseball and basketball coach for the county youth.

Lara Fritts

Moderator

Frederick County

Lara Fritts is a certified economic developer with over 25 years of experience in economic development, community development and management. Her experience spans city and regional levels in both public and private sectors assisting companies to execute their location strategies or development projects while helping communities achieve their goals. She has an expertise in building economic development organizations for elected officials having started six public-private partnerships/departments.

Lara has an extensive career, having held positions in Wisconsin, Maryland, Washington, DC, Virginia, and Utah. Currently, she serves as the Division Direction of the Frederick County Maryland Division of Economic Opportunity which oversees economic development as well as the Frederick County Workforce Services. Prior to her role in Frederick County – Lara was the only women leading a publicly traded micro-cap real estate company trading on the OTC Markets. There she stabilized the company by securing over $12M of affordable housing assets, reducing debt and teeing up the next acquisitions which would bring additional cash-flow to the company.

Her economic development experience is expansive, and a career highlight was serving as the Director of Salt Lake City’s Department of Economic Development (SLC DED) she was the architect of developing an economic development department where she oversaw three divisions – Business Development, the Redevelopment Agency of Salt Lake City and the Salt Lake City Arts Council. In three years, she worked to bring more than 30 new companies to Salt Lake City including UPS, Amazon, Stadler Rail, and others totaling over 9,000 jobs and nearly a billion dollars in capital investment. With her team she helped to deploy over $44 million into an affordable housing strategy creating over 3500 units throughout the city.

Known as a community vitality champion she has strengths in economic recovery, affordable housing,

strategic planning, tax credits and incentives, and organizational development. She is sought-after

speaker and consultant on real estate, community revitalization, and economic development finance. Lara gives back to the economic development profession by serving on the Board of the Maryland Economic Development Association, volunteering, mentoring, and advocating economic development topics.

Lara holds a master’s degree in urban studies from the University of Wisconsin – Milwaukee, and a bachelor’s degree in regional analysis from the University of Wisconsin - Green Bay. She is the recipient of Consultant Connect’s Top 50 Economic Developers in 2019 and was named a Fellow Member of the International Economic Development Council in 2020 which honors economic development professionals for attaining unusual stature in their field and closely related disciplines.

Opening Remarks from the County Executive

Jessica Fitzwater

Jessica Fitzwater

County Executive

Frederick County

Jessica Fitzwater

County Executive

Frederick County

Jessica Fitzwater believes in a Frederick County where everyone can live, work, and thrive – a place where all residents feel a strong sense of belonging. As County Executive, she works every day to make this vision a reality for over 270,000 residents in our community.

She is committed to investing in students, educators, and families. She taught music at Oakdale Elementary School for 17 years, and she held leadership positions in the Frederick County Teachers Association, Maryland State Education Association, and National Education Association. In her first two budgets as County Executive, she made record investments in public education and prioritized school construction and renovation.

She is also committed to managing Frederick County’s growth responsibly while preserving our quality of life. She is leading the implementation of the Livable Frederick Master Plan, which calls for sustainable growth balanced with preservation, and she increased the County’s investments in land preservation, bikeways and trails, and agricultural programs.

Jessica previously served on the Frederick County Council, where she championed bipartisan initiatives to increase access to affordable housing, combat human trafficking, make our community more resilient to climate change, and repeal the County’s English-only Ordinance. When she was first elected, she was one of only two women under the age of 40 serving in county government in the entire state.

She grew up in Smithsburg, is a proud graduate of public schools, and earned degrees from St. Mary’s College of Maryland and Hood College. She is a widow and the mother of two children, Jonah and Jane. She lives in the City of Frederick and is a member of Beth Sholom Congregation.

Remarks at the Podium

JP Matan

JP Matan

Principal, Leasing

Matan Companies

Kevin Furnary

Kevin Furnary

Director, Technological Contributor

Iceberg Sustainable

JP Matan

Principal, Leasing

Matan Companies

JP oversees the day-to-day leasing activities for the Matan Companies’ current portfolio, including all office, lab, and industrial properties throughout the Washington DC metro area. With over 25 years of experience in the real estate industry, JP applies his knowledge, expertise, and client relationship skills to the continued growth and success of Matan Companies.

JP holds a Bachelor of Science degree in Finance from Fordham University. As a native of Washington DC and graduate of Gonzaga College High School, JP continues to give back to his local community and utilize his knowledge of the DC-metro region to enhance the presence of Matan.

Kevin Furnary

Director, Technological Contributor

Iceberg Sustainable

Mr. Kevin Furnary brings his leadership and extensive relationships to his consulting opportunities. Mr. Furnary has spent his career as a business developer and entrepreneur, marketing new products and creating new business opportunities in active sports and industrial service industries since 1978. He has been successful at revitalizing distressed business opportunities with new ideas, direction and capital.

Mr. Furnary’s long term involvement in industry has earned him a reputation as an innovator in product design and marketing. His broad network of industry associates is invaluable to the Company’s efforts to create a working business model.

Mr. Furnary grew up in the Washington DC area, graduating from Gonzaga College High School and earning his bachelor’s degree from Towson University in Baltimore, Maryland. Kevin lived with his wife and their four boys in Boulder, Colorado, from 1981 until September, 1998, where he was the founder of a design engineering firm around outdoor sports. They relocated to the Washington DC area. Kevin now owns a successful consultancy brokering Energy procurement and DER Planning and continues pursuing commercialization efforts of patented technologies for industrial, municipal and commercial markets.

What You'll Learn

  • What specific factors contribute to the attractiveness of this area for development, businesses, tenants and other investment opportunities? What asset classes is the county focused on growing?

  • Bringing in $516 million, tourism has been a huge economic driver for the county. What plans are there to continue the growth of tourism in terms of development, partnerships and other initiatives?

  • Frederick is home to over 130 bioscience companies - What specific economic factors and incentives make the county an attractive destination for top-tier companies in the life sciences industry?

  • Looking ahead, how is Frederick County positioning itself to proactively address the changing needs and demands of the bioscience sector in terms of development, and what plans are in place to attract the next wave of innovative companies?

  • With the latest construction of Quantum Frederick, this data center development will support $25.8 million in the county's tax revenues and $248 for the state. In what ways does this project align with the county's economic development goals, and how might it attract additional investments and technological advancements?

  • What collaborative efforts or partnerships are in place between the private sector, government and local communities to maximize the positive impact of the county's development projects?

How You'll Do More Business: Frederick County continues to gain interest and attention from many investors, developers, residents and businesses. With many development and economic projects including data centers, life sciences, industrial and tourism, the region is working toward a bright future for all. Join us as we discuss the latest initiatives, economic development plans, hottest asset classes, popular neighborhoods and more!

Projects, Activity, and Achievements -- 

Who You’ll Meet: The region's investors, owners, developers, lenders, brokers, public sector companies, city officials, architects, contractors, engineers and property managers.

For questions, recommendations, comments, press inquiries, or interest in sponsoring, please email our Mid-Atlantic Event Producer, Katie Telder, at katie.telder@bisnow.com. To request disability-related accommodations, please contact lizzie.smith@bisnow.com no later than seven business days prior to the event.

Venue

Center 85
4930 Executive Court S.
Frederick, MD 21703


Free

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Agenda

Time Activity
12:30 PM
1:30 PM
Registration, Networking and Breakfast
1:30 PM
1:45 PM
Opening Remarks from County Executive Jessica Fitzwater
1:45 PM
2:30 PM
The Future of Frederick County: Economic Development, Investment Growth, Tenant Growth and Other Opportunites

Gain insights into the county's planned initiatives and strategies aimed at fostering robust economic growth. Hear about the current investment trends, explore the dynamics influencing tenant growth, and discover other opportunities shaping the region.

2:30 PM
2:40 PM
Networking Break!
2:40 PM
2:45 PM
Remarks from Iceberg Sustainable
2:45 PM
3:30 PM
Navigating Frederick County's Development Pipeline: Life Sciences, Industrial and Multifamily

Discover in-depth insights into the strategies driving the county's development pipeline, understanding the methodologies and plans guiding growth.

3:30 PM
4:00 PM
Closing Networking

Sponsors

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