Making Moves to Pike & Rose!
We are thrilled to see Sodexo continue to grow in Montgomery County. A leading global catering and food services company, Sodexo will retain its North American headquarters in Montgomery County as it moves from its current Gaithersburg location to the North Bethesda location of Pike & Rose. Sodexo plans to retain 275 jobs at the new location over 10 years.
Sodexo to Join the Dynamic Mixed-Use Development of Pike & Rose
Sodexo plans to build a 52,000 square-foot space at 915 Meeting Street, a Federal Realty Investment Trust building in the bustling Pike & Rose development. The new 276,000-square-foot trophy office building is currently under construction at the award-winning, mixed-use development in North Bethesda, Maryland. Pike & Rose was selected for its transit-oriented, LEED Gold-certified area of retail, services, dining and entertainment.
State and Local Partnership Effort to Retain Sodexo
The Maryland Department of Commerce is working on approving a $687,927 conditional loan through Advantage Maryland (MEDAAF) to help the company complete the project in the county, along with $70,000 investment from Montgomery County. The Montgomery County Economic Development Corporation (MCEDC) led retention efforts between the County Executive’s office, Montgomery County Finance and Maryland Commerce. MCEDC assisted by presenting possible incentives and coordinating with partners to lead the retention project.
Montgomery County is a Thriving, Global Hospitality Hub
Sodexo has been in Montgomery County since 1988. It joins other global hospitality leaders in choosing to retain headquarters in Montgomery County. Choice Hotels is building its new headquarters with 105,000 square feet in the same Meeting Street building, relocating its 400 corporate employees. Choice currently franchises more than 7,000 hotels, representing nearly 570,000 rooms, in more than 40 countries and territories.
Marriott International recently relocated its global headquarters to downtown Bethesda in a 785,000 square foot, state-of-the-art space that includes an Innovation and Design Lab. Marriott has 30 brands and 8,000+ properties across 139 countries and territories.
“We’re excited that Sodexo has decided to maintain its North American headquarters location in Montgomery County,” said County Executive Marc Elrich. “Their presence here with other industry leaders such Marriott and Choice Hotels is important for our growing hospitality industry cluster.”
“We are delighted that Sodexo is choosing to stay in the thriving hospitality hub of Montgomery County, along with our other top global hospitality companies,” said Bill Tompkins, President & CEO of MCEDC. “Sodexo provides a wide range of services to more than 53 countries, and we are happy they are continuing to grow as they maintain their North American headquarters right here in Montgomery County.”
International Hospitality Companies Call Montgomery County Home
A French company, Sodexo has made its North American headquarters in Montgomery County since 1998, continuing its steady growth for decades. The company has many facets from food services and facilities management to employee benefits and concierge services. Plans for the new building will incorporate a vibrant architectural design that includes numerous amenities, such as a rooftop conference center, modern common areas, a fitness center, and sustainable wellness features.
For more information, visit our hospitality page or contact Laurie Boyer-Babb.
