Equus Buys Office/Lab Portfolio for $41M

Philly-based Equus Capital Partners snapped up a four-property office and lab portfolio (including 1201 Clopper Rd, above) in Gaithersburg, Md., for $41.4M. The properties--95% occupied and totaling 283k SF--are in suburban Maryland's DNA Alley tech sector. HFF's Jim Meisel, who repped seller Alexandria Real Estate Equities, tells us the portfolio is "very stable," but there's still value-add potential. Equus VP George Haines, who repped his firm, says some of that might come from the development of a land parcel. Joining in on the deal: HFF's Dek Potts and Matt Nicholson withScheer Partners' Robert Scheer and Matt Brady for Alexandria; Equus Roy Perry and Kyle Turner assisted George.

If we're not back in fives minutes... wait longer. Send ideas and suggestions to dees.stribling@bisnow.com.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Philadelphia Newsletters
Related Stories

Downtown Atlanta Improvement Group Picks Food Bank Chief As Next Leader

Bucks County Mall Closing As Owners Prepare Redevelopment Plans

Sales Of Lower-End Apartments Surge In Philly As Landlords Face Financial Issues

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

Philly Has The Fundamentals. Now It Has To Reduce The Risk Of Building

Brandon Johnson Seeks Second Term Amid Strained CRE Relationship

Apartments Kick Off New Era Of Mixed-Use Activity In Philly Navy Yard

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

Local Auto Giant Buys Site For New Bucks County Dealership: The Philadelphia Deal Sheet

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