Foulger-Pratt is welcoming two new tenants to its Park Potomac office building.
Winchester Homes Inc. and Bronfman Rothschild have signed leases for 35,199 square feet of space at the complex at 12435 Park Potomac Ave. in Potomac. With those arrivals, the office building will be 95 percent filled, according to a news release.
Winchester Homes is moving its headquarters from Rockledge Drive in Bethesda into 20,598 square feet at the building, while wealth management adviser Bronfman Rothschild will occupy 14,601 square feet of space.
“This property generates a great deal of interest from prospective tenants,” said Keith Foery, part of the Transwestern leasing team that announced the new tenants.
The office building completed in 2016 is one part of Foulger-Pratt’s Park Potomac project. The mixed-use development will encompass more than 2 million square feet when it’s completed and will include 150 town homes, 153 high-end condos and about 75,000 square feet of retail space, the news release stated.
Local pharmaceutical company claims spot on Fortune list
A Rockville pharmaceutical company placed third on Fortune’s list of fastest-growing companies in revenues, profits and stock returns.
Supernus Pharmaceuticals has had a 46 percent annual growth rate in revenue over the past three years and 154 percent annual growth rate in earnings per share, according to the publication.
This is the first year the life sciences company, which works on treatments for brain diseases such as epilepsy and migraines, has appeared on Fortune’s list of 100 fastest-expanding companies.
OrthoBethesda acquired by a private equity firm
A private equity firm from Connecticut has taken ownership of a Bethesda-based orthopedic services provider that operates four care centers.
OrthoBethesda, a company founded in 1965, was acquired by Atlantic Street Capital in a deal whose terms were not disclosed, according to the Washington Business Journal.
Atlantic Street’s managing partner is quoted as saying that OrthoBethesda has “an established leadership presence” in the region and that he anticipates a “tremendous growth path ahead.”
OrthoBethesda’s existing centers are Washington Joint Institute, Washington Shoulder Institute, Washington Spine and Scoliosis Institute and OrthoTraumaBethesda.