Silver Branch Brewing Co. is expanding to Wheaton. It is leasing the retail space in the Montgomery County government office building at 2425 Reedie Drive in the Wheaton Triangle. The 8,589-square-foot space is being subleased to the brewery by the County for a 12 year period, with two 5-year options to extend. The retail space is subdivided into two suites.
Montgomery County has agreed to a base rent abatement of 18 months for Suite A, and of 30 months for Suite B, and a Construction Allowance "equal to $440 per square foot or $3,779,160." This means the County is giving a break on rent, and providing over $3 million reimbursement for construction costs, to Silver Branch. The deal was proposed by County Executive Marc Elrich, and has been approved by the County Council.
Silver Branch currently operates taprooms in Silver Spring, Rockville, and Warrenton, Virginia. The Virginia location is temporarily closed for renovations due to a fire that occurred in December 2024. All three existing taprooms serve food as well as beer, and are highly-rated in online reviews.
No comments:
Post a Comment