AstraZeneca expands Montgomery County presence with massive new lease

AstraZeneca PLC (NYSE: AZN) is doubling down on Montgomery County, adding another large facility to its already substantial footprint in suburban Maryland. The British pharmaceutical giant has inked a lease to take over a full building — 198,000 square feet — at 700 Progress Way in Gaithersburg. The property sits less than three miles north of AstraZeneca’s existing campus, a nine-story headquarters comprising 1.27 million square feet.