SS/hitech.pr 97-196 Contact: David Weaver, 301-217-6530
David Edgerley, 301-217-2345
DUNCAN HAILS EXPANSION OF MAJOR
TECHNOLOGY FIRM AND CONSTRUCTION
OF NEW OFFICES AS FURTHER EXAMPLES
OF ECONOMIC DEVELOPMENT SURGE For Immediate Release: June 19, 1997
Celebrating the groundbreaking for a new Rockville office complex which will
become home to CDA Investment Technologies and Thomson Technology Services Group
(TTSG), Montgomery County Executive Douglas M. Duncan today hailed the business
expansion as "another example of the surge in economic development activity that the County
has been experiencing for the past two years."
CDA and the Thomson Technology Services Group, both affiliated with the Toronto-
based Thomson Corporation, currently occupy separate office space in the Rockville area.
Beginning next year, both firms will move into the new Research Plaza at 1445-1455
Research Boulevard, a 220,000-square-foot office complex which is being developed by
WEST*GROUP. Together, the two firms employ approximately 500 persons in Montgomery
County. The companies project they will add another 70 employees by the end of 1998.
"It is great news that these two outstanding high technology firms have chosen to
locate their Maryland headquarters in Rockville," said Duncan. "Thomson Technology
Services Group and CDA Investment Technologies are part of a growing mix of high tech,
financial and professional firms which are choosing to make Montgomery County their home.
We welcome both of these companies and this very significant new, build-to-suit project in
the County's I-270 Technology Corridor."
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GROUNDBREAKING CELEBRATION 2-2-2
"We're excited about the new space, as well as the level of commitment on behalf of
Montgomery County and the City of Rockville," said Dennis Flynn, Chief Financial Officer
of CDA Investment Technologies. "This will enable CDA to combine its Maryland
operations in one location and meet the future needs of our growing business."
CDA Investment Technologies is a portfolio of companies which provides specialized
data, software and services to help clients research and analyze securities and investment
performance. TTSG, a division of The Thomson Corporation (TTC), is a leading provider of
technology-based products and solutions to TTC businesses worldwide.
"WEST*GROUP is delighted that CDA Investments Technologies and Thomson
Technology Services Group have selected Research Plaza for their Maryland offices," said
Gerald T. Halpin, Chairman and CEO of WEST*GROUP. "Research Plaza is a prime
location, with excellent visibility from I-270. Since office space in Rockville has tightened in
recent years, we are confident that the remaining 90,000-square-feet of first-class office space
will be leased very quickly."
A full-service commercial real estate development, construction, brokerage, asset
management and property management firm, WEST*GROUP specializes in build-to-suit
projects. Its projects include award-winning buildings for FREDDIE MAC, Westinghouse
Electronic Systems Group, VISA, BDM International, Inc., and The MITRE Corporation.
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