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X Energy to lease 125,000 sq ft in Gaithersburg; city, county and state incentives included
Summary
City staff announced that X Energy will lease 125,000 square feet in Gaithersburg, invest at least $14.5 million in tenant improvements and expand local employment; the city committed $50,000 and local, county and state incentives totaling over $5.3 million were negotiated.
City economic-development staff announced Sept. 2 that X Energy, an advanced nuclear reactor and fuel company, will move its headquarters to a large office building at 9801 Washingtonian Boulevard in Gaithersburg and lease 125,000 square feet.
Tom Lonergan Seager, presenting the economic development update, said the company will invest at least $14,500,000 in tenant…
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