Advantis Real Estate Services Co., a partner in GVA Worldwide (Advantis/GVA), brokered the recent sale of 9 West Watkins Mill Road in Gaithersburg, Md. The value of the transaction was $25.6 million. The property, constructed in 1999, is a two-story laboratory facility located off Clopper Road. The building, which was 100 percent vacant at the time of sale, contains approximately 88,024 square feet of rentable space of which a combined 44 percent is laboratory and 12 percent is Vivarium space. Novartis sold the property to Alexandria Real Estate Equities, a REIT specializing in the ownership of properties that hold laboratory and office space. Advantis/GVA is a full-service real estate company that leases, manages and sells office, industrial, retail and other commercial real es...
Get Inman via Facebook Messenger
Our top headlines delivered once a day.