Transwestern Represents Seller of 177,000 SF Portfolio

Transwestern today announces it brokered the disposition of Metro East, a 177,002-square-foot, three-building office portfolio in Landover, Maryland. An LLC led by Polinger Development Co., the acquisition unit of Polinger Co., purchased the properties for $14.6 million. Mark Glagola, managing director in Transwestern’s Mid-Atlantic Capital Markets Group, brokered the transaction on behalf of a major life insurance company.

“This property presented an excellent value-add opportunity in a coveted location – directly across the street from a Metro station,” said Glagola.

Located at 8200 – 8400 Corporate Drive, the properties are in close proximity to the New Carrollton Metro Station and offer easy access to Interstate 495. The portfolio was 82 percent leased at the time of sale.

Transwestern research projects job growth in Suburban Maryland to average 16,400 jobs through 2020. Most of this growth is due to occur through 2018, fueled by the health, technology, construction and food services industries.

Transwestern’s Mid-Atlantic Capital Markets Group focuses on investment services throughout the Washington, D.C., region, providing clients with a high level of personalized service and market knowledge. During the past 24 months, the group’s transactions have exceeded$1.5 billion in aggregate value. The team’s success is a direct result of detailed underwriting and keen understanding of the local, national and international investment communities. For more information, visit the Mid-Atlantic Capital Markets Group website or call Gerry Trainor at 202.775.7091.

ABOUT TRANSWESTERN

Transwestern is a privately held real estate firm of collaborative entrepreneurs who deliver a higher level of personalized service – the Transwestern Experience. Specializing in Agency Leasing, Management, Tenant Advisory, Capital Markets, Research and Sustainability services, our fully integrated global enterprise adds value for investors, owners and occupiers of all commercial property types. We leverage market insights and operational expertise from members of the Transwestern family of companies specializing in development, real estate investment management and research. Transwestern has 34 U.S. offices and assists clients through more than 180 offices in 37 countries as part of a strategic alliance with BNP Paribas Real Estate. Experience Extraordinary at transwestern.com and @Transwestern. For updates from the Mid-Atlantic region, follow @TranswesternDC.