HSBC Bank Signs First Commercial Lease for Solaire 8250 Georgia

The first lease for a commercial tenant at Solaire 8250 Georgia has been signed with HSBC Bank USA, according to Charles Nulsen III, president of the project’s developer, Washington Property Co.

“We do have HSBC opening up a branch on the Georgia Avenue corner of Bonifant,” he said, noting the bank will occupy about 2,000 square feet as an anchor tenant.

Other leasing efforts are underway as well, Nulsen added.

“We are focusing on local restaurants and entrepreneurially owned restaurants for the balance of the building, as well as other businesses,” he said.

“We’ve finally gotten some good traction,” Nulsen continued. “We don’t have any leases signed in that, but we do have some letters of intent and we’re putting together a good tenant mix of local entrepreneurs to be running their businesses in the building.”

In the meantime, the company will be doing a build-out for the bank and expects that the branch will open in early fall.

The Hongkong and Shanghai Banking Corporation Limited was the founding member of HBSC, which was started in Hong Kong in 1865, and gave the company the initials it’s known by today.The company currently serves more than 39 million retail, wealth management and corporate customers in 66 nations and territories.

HSBC Bank will occupy this corner of Georgia Avenue and Bonifant Street. Rendering courtesy Washington Property Co.

Mike Diegel

Co-Founder/Editor at Source of the Spring
Mike Diegel, a founding member of Source of the Spring, is a Silver Spring advocate who has been appointed by the county executive to several committees and task forces. He currently is a member of the Silver Spring Arts & Entertainment District Advisory Committee. His background is in journalism and he earned a bachelor of arts in communications from McDaniel College. He is self-employed as a communications consultant and is an active volunteer with Appalachian Great Pyrenees Rescue. He has lived for more than 20 years in Northwood/Four Corners with his wife Trish and multiple Great Pyrenees dogs. He is better known around Silver Spring as the Guy with the Big White Dogs.
HSBC Bank Signs First Commercial Lease for Solaire 8250 Georgia