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WEB EXCLUSIVE
FASEB Moves Into New $10.4 Million HQ in Bethesda, MD

In April, the Federation of American Societies for Experimental Biology (FASEB) took occupancy of a 55,000-square-foot office building and 76,708 SF parking garage in Bethesda, MD. The $10.4 million project was built by Hubert Construction, LLC of Gaithersburg, Maryland.

The mission of FASEB is to enhance the ability of biomedical and life scientists to improve, through their research, the health, well-being, and productivity of all people. FASEB is a coalition of independent Member Societies that serve the interests of biomedical and life scientists, particularly those related to public policy issues. FASEB facilitates coalition activities among Member Societies and disseminates information on biological research through scientific conferences and publications. FASEB also offers Member Societies headquarters facilities, and operational and logistic support.

The new five-story office building connects with the existing 105,000 SF Lee Building with a new two-story glass atrium that features full-height wood wall panels and granite flooring. With the new building, FASEB has increased its headquarters office space by about 50%. FASEB owns its 11.4 acre campus at 9650 Rockville Pike.

FASEB will now begin renovation of the Lee Building, the current main office building, which should be finished by the end of this year. It will be the national headquarters for several of the FASEB member societies who reside on the Bethesda campus and will house some FASEB functions.

Low interest tax-free bonds issued by the State of Maryland helped finance the new building project. This debt will be accommodated by the rental income from the new space.

"This project will allow the continued growth of our member societies and will greatly improve the services and quality of the space we provide," says FASEB Executive Director Sidney H. Golub. "We have a beautiful campus that is conveniently located. This addition will improve its functionality while adding to the attractiveness of the site."