DRS moves 250 employees into Matan Companies’ newly renovated 133,140 s/f building
GERMANTOWN, MD — DRS Technologies has moved 250 employees into 1 Milestone Center Court in Germantown, after completing over 3 million dollars in renovations to the 133,140 s/f building. DRS signed a long-term lease with Matan Companies in February of 2014 as part of an area consolidation that included relocation from their aging manufacturing and engineering facilities at 700 Quince Orchard Rd. in Gaithersburg. DRS began the extensive renovations in June after JDSU relocated to 20250 Century Blvd. in Germantown.
DRS’ new Germantown facility will house DRS Signal Solutions, together with personnel from other DRS divisions. “DRS is a great addition to the Milestone campus,” said JP Matan, director of leasing for Matan Companies. “Their long-term commitment to Germantown and anticipated expansion is a boost to the I-270 Corridor.”
Matan recently announced its plans to add 485 apartment units, 28,000 s/f of street level retail, and improved access to Milestone Business Park, transforming this traditional office park into a true live, work, play environment destination.