Advantis closes deals in Maryland, Virginia

Nearly 398,000 square feet involved

Advantis Real Estate Services Co. arranged three recent transactions involving mixed-use properties in Maryland and Virginia. The total value of the transactions was approximately $64.3 million. In the first transaction, The Williamson Group sold 16020 Industrial Drive, located in Gaithersburg, Md., for approximately $23.2 to Alexandria Real Estate Equities, a REIT that specializes in the ownership and development of office/laboratory buildings. The property is a two-story, 83,541-square-foot office/lab building on a 2.8-acre parcel. It was 100 percent leased to BioVeris on a triple-net basis at the time of sale.  In the second transaction, AG/Corporate Center LLC sold the portfolio known as Maryland Corporate Center in Greenbelt, Md., for $30.6 million to Colony Realty Capital, a private real estate investment and management firm. The 223,847-square-foot portfolio consists of four buildings that were originally constructed in the 1980s. Maryland Corporate Center was 88.6 perc...