The District at King Farm
Gaithersburg, MD
The roughly 215,000-square-foot office building will be converted from office space into lab space for life sciences companies. Banyan Street Capital acquired an ownership stake in 800 King Farm, as well as 700 and 702 King Farm Blvd., in 2020. The two office-to-lab conversions combined, dubbed District Labs, will provide a total of 480,000 square feet of lab and office space. The developer also announced that it has acquired a 0.8-acre parking lot adjacent to 805 King Farm that is zoned for another 155,000 square feet of lab-related space, which it is planning to develop the property contingent upon a leasing momentum. Cushman & Wakefield's Kevin McGloon, Peter Rosan and Megan Williams will manage leasing at The District. The conversion of 800 King Farm will be complete by the end of 2022, and the company also expects to have about 40,000 square feet of speculative lab space built out within it by mid-2023.
