The Maryland headquarters of Discovery Communications is an example of the breadth of our real estate services to create value for our client. Some 1,500 employees were spread out over seven separate locations. We consolidated them onto a 3.4 acre site, with a 550,000 SF new office building, in an emerging urban redevelopment area.
The results? Improved efficiencies and reduced operating costs. In addition to acquiring the land, Concordis managed the services of the architect and engineer and contractor on behalf of Discovery, and managed the project through a successful move in. The project served to ignite development and today, Discovery Communications is a cornerstone of a renaissance that has infused more than $ 1 billion in new value into the surrounding area. We continue to provide real estate services for Discovery Communications locations throughout the country.