Mighty Maryland?

We know NoVa's real estate fortunes have been getting tons of coverage lately, but this time, it's a portfolio sale in Maryland (Gaithersburg, to be exact) that's making headlines.

Yesterday, Philly-based Equus Capital Partners announced it purchased a four-property office and lab portfolio (including 1201 Clopper Rd, above) in Gaithersburg for $41.4M. HFF's Jim Meisel, who helped rep seller Alexandria Real Estate Equities, tells us while the portfolio is currently "very stable" with a credit-oriented rent roll, Equus still has potential for value-add. The properties, totaling 283k SF and 95% occupancy, sit in the heart of Suburban Maryland's "DNA Alley" tech sector, and are in close proximity to the new clover-leaf interchange at I-270 and W. Watkins Mill Road. Along with Jim, HFF's Dek Potts and Matt Nicholson, and Scheer Partners' Robert Scheer and Matt Brady, represented Alexandria in the deal.

The news follows December's announcement that food service giant Sodexo re-signed for 190k SF at nearby 9801 Washingtonian Blvd (above), signaling the faith tenants and investors alike have in Gaithersburg.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Washington, D.C. Newsletters
Related Stories

Why Top-Secret Facilities Are Permeating Greater D.C.'s Office Market

Downtown Atlanta Improvement Group Picks Food Bank Chief As Next Leader

Trump's DEI Crackdown Is Creating New Risks For Landlords That Lease To The Government

Northern Virginia Office Tower Sells For Double Its 2024 Price

Design Plans Revealed For RFK Stadium Parking Garages, Headed To Review

Brandon Johnson Seeks Second Term Amid Strained CRE Relationship

Security Tech Firm Plans Loudoun HQ Move: The D.C. Deal Sheet

Former CBRE Exec Suing Brokerage Giant Over Age Discrimination, Whistleblower Complaint

D.C. Investor Behind The Stacks Swaps CEO For First Time In 25 Years

CBRE IM Buys Net Lease REIT For $1.6B, Plans More Investment

The Difference Between Service And Hospitality That Makes A Flexible Workspace A Success

Beyond The Boom: How Miami's CRE Market Continues To Be Resilient