Colliers Facilitates Sale of 76,000-SF Genesis Engineering Campus in Lanham to Affiliate of the Ownership Group That Previously Acquired Genesis Operating Business

LANHAM, MD — Colliers has facilitated the sale of 4501 Boston Way and 4701 Forbes Boulevard, two specialized manufacturing and engineering facilities totaling approximately 76,000 square feet in Lanham, Maryland, the firm announced July 17, 2026. The buyer is an affiliate of the ownership group that previously acquired the Genesis operating business, reuniting Genesis Engineering Solutions' headquarters and manufacturing campus with its operating company under common ownership.

Colliers represented the seller, AR2 Southgate, LLC, an entity owned by Genesis Engineering Solutions founder Robert Rashford, in the disposition. Colliers Vice Presidents Dan Gaffey and Chandler Pace served as exclusive advisors to the seller, providing valuation advisory, transaction strategy, buyer outreach, marketing, negotiations and closing coordination throughout the process. Financial terms of the transaction were not disclosed.

Final Phase of a Staged Ownership Transition

The real estate sale represents the concluding step in a broader succession plan that Rashford began executing in October 2025, when the Genesis operating business was sold as part of his retirement strategy. With the Lanham campus now transferred to an affiliate of the same ownership group that controls the operating company, the transaction restores unified control over both the physical plant and the business it supports.

Rashford founded Genesis Engineering Solutions in 1993, building the company over more than three decades into a specialized engineering and manufacturing firm serving the aerospace, defense and advanced technology sectors. The company manufactures and tests mission-critical hardware used in satellites and other aerospace applications, supporting customers across government and commercial markets including NASA and the Department of Defense.

The two-step structure — first monetizing the operating enterprise, then transferring the real estate to the same sponsor group — allowed Rashford to maximize value from assets built over more than 30 years while ensuring continuity of operations at the Lanham campus.

Specialized Facilities With Rare Aerospace Testing Capabilities

The two Lanham buildings serve as Genesis Engineering Solutions' longtime headquarters and manufacturing facilities and house capabilities that distinguish them from standard industrial or flex space. Among the facilities' attributes are environmental testing systems capable of simulating the harsh conditions of space to test critical aerospace components. Those capabilities are typically available only at a limited number of highly specialized government and research facilities, including NASA and the Goddard Space Flight Center.

The campus supports end-to-end spaceflight engineering, including design, analysis, manufacturing, testing and integration of hardware for satellite and aerospace programs. The specialized nature of the build-out — encompassing space avionics labs, environmental testing infrastructure and precision manufacturing areas — makes relocation costly and operationally disruptive, reinforcing the strategic value of the new ownership group securing long-term control of the physical plant near its federal clients.

Genesis Engineering Solutions employs between 100 and 249 people and has been expanding its local footprint, having previously acquired a second facility in Lanham to manufacture hardware for NASA and Blue Origin missions.

Reuniting Operations and Real Estate Under Common Ownership

Prior to the July 2026 transaction, the Genesis operating business and the Lanham real estate were held under separate ownership following the October 2025 operating company sale. The acquisition by an affiliate of that ownership group eliminates that separation, giving the entity directing long-term manufacturing strategy direct control over the specialized infrastructure it depends on.

Dr. Jay Bhaumik, Chairman of Genesis Engineering Solutions, said the new ownership is focused on preserving the company's legacy while expanding its capabilities. "Genesis Engineering Solutions has built an exceptional reputation over more than three decades, and we are committed to preserving that legacy while expanding the company's capabilities for the future," Bhaumik said. "Our focus is on empowering our talented team, investing in advanced manufacturing technologies, and ensuring Genesis remains a trusted partner for mission-critical engineering programs."

CEO Koti Vanga is leading the company alongside Bhaumik under the new ownership structure.

Lanham Industrial Market Sees Continued Activity

The transaction marks the third industrial building sale in Lanham completed by Gaffey and Pace within the past three months, reflecting sustained transactional activity in the submarket.

"The sale of 4501 Boston Way and 4701 Forbes Boulevard highlights the continued demand for specialized manufacturing facilities in the Washington, D.C. region," said Gaffey. "Given the property's longstanding role in Genesis Engineering Solutions' operations, the transaction provided a natural fit between the facilities and a buyer closely connected to the company's future. We were proud to represent Genesis in the successful disposition of these assets."

The Lanham submarket sits in proximity to NASA Goddard Space Flight Center and a concentration of federal aerospace and defense clients, positioning specialized industrial assets in the corridor as a constrained resource for operators requiring mission-critical manufacturing and testing infrastructure.

About the Parties

Colliers is a diversified professional services and investment management company. AR2 Southgate, LLC is an entity owned by Genesis Engineering Solutions founder Robert Rashford. The buyer is an affiliate of the ownership group that previously acquired the Genesis operating business in October 2025.