Frederick, MD – Healthwell Foundation has signed a lease for nearly 28,000 SF of office space at Westview Corporate Center in Frederick, MD. The lease allows Ruppert Properties, the owner of Westview Corporate Center, to immediately backfill the space that was previously occupied by First Guaranty Mortgage Corporation.
“Healthwell’s mission makes a difference in the lives of countless Americans in need of assistance, and we are excited to continue to grow our relationship with them,” commented Brandon Cannon, Director of Asset Management for Ruppert Properties. “For the time being, there appears to be demand for suburban Class A office and we have been fortunate that our office product has been so resilient despite the recent popularity of hybrid work models.”
Fully renovated in 2013, Westview Corporate Center is a 212,000 square foot Class A office building located just off I-270 in southern Frederick. Ruppert Properties acquired the building in December 2018 at 58% occupancy. Healthwell Foundation is one of two leases completed in the first half of 2022 that increased occupancy to 94%.
Frank Graybeal and Dave Palank of CBRE represented Ruppert Properties in the lease transaction.
Ruppert Properties is a privately held commercial real estate investment company that invests, owns and manages flex, industrial and office properties throughout the Baltimore/Washington metropolitan region. Their industry experience and hands-on approach to development, construction, leasing and management allows them to competitively serve a wide variety of users. For more information, visit www.ruppertproperties.com.