WASHINGTON, DC – January 27, 2015 Trammell Crow Company, one of the nation’s leading developers and investors in commercial real estate and Keane Enterprises, Inc. have broken ground on a new global headquarters for K2M Group Holdings, Inc, a global medical device company focused on designing, developing and commercializing innovative complex spine and minimally invasive spine technologies and techniques. The 146,000 square foot build-to-suit will be K2M’s global headquarters and research and development facility in the Oaklawn master-planned community in the Town of Leesburg in Loudoun County, Virginia. The deal marks the largest new lease completed in the metro Washington D.C. region in the fourth quarter of 2014. Completion of construction and tenant occupancy is scheduled for early 2016.
K2M’s new headquarters will be comprised of a 62,000 square foot, three-story office building and an 84,000 square foot, one-story research & development building. The office building will house general administrative, executive and sales staff, while the research and development building will contain a variety of office, conferencing, research, and assembly space. The facility was designed to accommodate K2M’s continued explosive growth since its founding more than ten years ago.
The project is located on a 9.7 acre site situated in the heart of the mixed-used Oaklawn community master-developed by Keane Enterprises. Andy Shuckra, Principal of Keane, stated, “We are excited to welcome K2M as a flagship tenant to Oaklawn. Their presence, along with our partnership with Trammell Crow Company, will help solidify Oaklawn’s position as the premier mixed-use commercial destination in Leesburg.”
David Neuman, Principal of Trammell Crow Company commented, “We are proud to have partnered with Keane, the Town of Leesburg, Loudoun County and the Commonwealth of Virginia to develop a world-class, global headquarters for K2M, one of the largest and fastest growing employers in Leesburg. This tremendous outcome was made possible through close coordination across numerous municipalities who dramatically compressed the project timeframe to accommodate an aggressive occupancy schedule.”
In December 2014, Governor McAuliffe announced the project and commitments from the Commonwealth, Loudoun County, the Town of Leesburg and Keane Enterprises, Inc. Governor McAuliffe said, “K2M focuses on innovating leading technologies for surgeons treating the most complex spinal conditions, and we are proud that its life-changing products are researched and developed in Virginia. We are confident that this tremendous project will encourage the future growth and viability of K2M.”
K2M Group Holdings, Inc. is a global medical device company focused on designing, developing and commercializing innovative complex spine and minimally invasive spine technologies and techniques used by spine surgeons to treat some of the most difficult and challenging spinal pathologies. K2M has leveraged these core competencies to bring to market an increasing number of products for patients suffering from degenerative spinal conditions.
About Trammell Crow Company
Trammell Crow Company, founded in 1948, is one of the nation’s leading developers and investors in commercial real estate. The Company has developed or acquired nearly 2,600 buildings valued at nearly $60 billion and over 540 million square feet. As of September 30, 2014, Trammell Crow Company had $5.1 billion of projects in process and $2.9 billion in its pipeline. Trammell Crow Company’s teams are dedicated to building value for its clients with professionals in 16 major cities throughout the United States. The company serves users of and investors in office, industrial, retail, healthcare, multi-family residential and mixed use projects.
About Keane Enterprises
Founded in 1998, Keane Enterprises Inc. is a full service real estate firm concentrating on mixed-use commercial properties in the Washington D.C. metropolitan area. Through the company’s high professional standards, ability to navigate complex entitlements, and intimate knowledge of local markets, Keane creates lasting value for property owners, occupants, and the broader community.