Bridge Investment Group on Wednesday announced it executed a new office lease with EnCompass LLC at Station Square, a 510,200-square-foot Class-A office complex at 1100 Wayne Ave. in Silver Spring.
Adjacent to the Silver Spring Metro stop and featuring access to the Capital Beltway (Interstate 495) and downtown Washington, the three-building complex includes on-site parking.
Totaling 20,588 square feet, the deal for 11 years or more reflects a broader national shift of companies that are gravitating to new or recently repositioned office product that incorporate high-end amenities, flexible workspace and connectivity to residential areas, shops and restaurants.
EnCompass, a woman-owned consulting firm that partners with government, multilateral and nonprofit organizations, is moving from its Rockville offices to the 1100 Wayne Ave. building at Station Square, located a half-mile from Washington.
Ben Powell of Cushman and Wakefield represented the landlord in the transaction. EnCompass was represented by Mike Alcamo from The Tenant Agency.
Bridge has invested nearly $5.5 million in renovations and quality improvements at Station Square, including external façade enhancements, an upgraded and centralized patio, a modernized conference room and boardroom, as well as renovated building lobbies.
The patio has been filled with soft and hard seating, a turf game lawn and music. A new full-service restaurant, Java Nation, is in build-out and expected to open in early 2023 with tables on the patio. Adamo Pastry and Coffee Bar, located off the 1010 Wayne Ave. lobby, is also in build-out and pushing for an opening in early 2023. Tenants can also enjoy a Planet Fitness center and expanded parking availability.
Originally positioned as three separate buildings, Bridge’s 2018 acquisition of Station Square enabled the property to be consolidated as a cohesive three-building campus featuring modern amenities, structured parking and walkability to transportation hubs. The external and internal aesthetic improvements have positioned Station Square as a top choice for office users in Silver Spring.