Avison Young Arranges Sale of 84,025-SF Class A Office Building in Columbia, Md

12/21/17

6350 Stevens Forest Road

Avison Young has arranged the sale of an 84,025-square-foot, best-in-class office building in Columbia, Md.

Pratt Street Capital purchased the building at 6350 Stevens Forest Road. The seller, New Boston Fund, was represented by the Avison Young team of Chip Ryan and Jim Kornick, both Principals; and Bob Wrightson, Vice President.

The three-story building is 77 percent leased. It is occupied by a significant percentage (43 percent) of medical- and healthcare-related clients, with Johns Hopkins Community Physicians anchoring the property.

“This office building represented an exceptional value-add opportunity to acquire a best-in-class property with vacancy in a very strong submarket,” Ryan said. “The purchaser now has the opportunity to continue the building’s medical-office trend or to lease to general-office users.”

Built in 2002, the Class A building is situated on nearly 6 acres just 2.2 miles from Columbia Town Center and 2.9 miles to Johns Hopkins Howard County General Hospital.

Featuring 332 surface parking spaces, the property is conveniently located near Route 29, Route 175, Route 32 and I-95.

About Avison Young

Avison Young is the world’s fastest-growing commercial real estate services firm. Headquartered in Toronto, Canada. Avison Young is a collaborative, global firm owned and operated by its principals. Founded in 1978, the company comprises 2,600 real estate professionals in 82 offices, providing value-added, client-centric investment sales, leasing, advisory, management, financing and mortgage placement services to owners and occupiers of office, retail, industrial, multi-family and hospitality properties.

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