Baltimore - DTZ, a global leader in commercial real estate services, announced that Optimized Thermal Systems, Inc. has signed a 16,000 square foot lease at 7040 Virginia Manor Road within the Ammendale Business Campus in Beltsville, Maryland. Optimized Thermal Systems, Inc. (OTS) has extensive experience in the field of energy conversion and provides consulting services, software development, educational workshops, and experimental assistance for a variety of customers and clients.
Scott Vane of DTZ represented the tenant, while Michael Royce and Mike Maites of Avison Young represented the landlord, PS Business Parks, L.P.
“We are excited to relocate to the PS property in the Ammendale Business Park and look forward to growing our business in our new space,” commented Cara Martin, Chief Operating Officer at Optimized Thermal Systems, Inc.
About Optimized Thermal Systems
OTS was originally founded by Dr. Reinhard Radermacher in partnership with colleagues Dr. Yunho Hwang and Dr. Vikrant Aute. Dr. Radermacher is the director of the Center for Environmental Energy Engineering (CEEE) at the University of Maryland (UMD). CEEE is a leader in research and education for building and transportation energy conversion systems, with a focus on environmentally responsible and energy efficient practices. The Center is supported by more than 30 of the world’s leading heating, ventilation, air conditioning and refrigeration (HVAC&R) companies, which help to specify the direction of ongoing research efforts. OTS is committed to aiding the HVAC&R industry by identifying and evaluating technologies designed to address ever-increasing environmental and energy challenges. Through consulting, custom software development, the use of in-house simulation software, research roadmap workshops and physical performance measurement and verification, OTS has assisted a number of HVAC&R companies worldwide to design optimized heat exchangers, improve heat pump and air conditioner performance, predict vapor compression system behavior, and better understand thermodynamic properties of various energy consuming systems.
DTZ is a global leader in commercial real estate services providing occupiers, tenants and investors around the world with a full spectrum of property solutions. The company’s core capabilities include agency leasing, tenant representation, corporate and global occupier services, property management, facilities management, facility services, capital markets, investment and asset management, valuation, research, consulting, and project and development management. DTZ provides property management for 1.9 billion square feet, or 171 million square meters, and facilities management for 1.3 billion square feet, or 124 million square meters. The company completed $63 billion in transaction volume globally in 2014 on behalf of institutional, corporate, government and private clients. Headquartered in Chicago, DTZ has more than 28,000 employees who operate across more than 260 offices in 50 countries and represent the company’s culture of excellence, client advocacy, integrity and collaboration.
DTZ announced an agreement to merge with Cushman & Wakefield in a May 11 press release. The new company, which will operate under the Cushman & Wakefield brand, will have revenues over $5.5 billion, over 43,000 employees and will manage more than 4 billion square feet globally on behalf of institutional, corporate and private clients. The agreement is subject to customary closing conditions and is expected to close before the end of 2015. For further information, visit: www.dtz.com or follow us on Twitter @DTZ.
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