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 percent leased at the time of sale to national credit tenants such as Lockheed Martin, Northrop Grumman, General Dynamics and Nationwide Mutual.

In the third transaction, Chambertin LP sold Brookfield Commons for approximately $10.5 million to Direct Invest LLC, a Boston-based investor focusing on acquiring properties via TIC (Tenant In Common) ownership structures. The property, located at 6600 West Broad St. in Richmond, Va., is a 91,186-square-foot office building constructed in 1977. At the time of sale, the property was 95 percent leased to tenants including MetLife, Comcast and The Virginia State Lottery.

***

What’s your opinion? Send your Letter to the Editor to opinion@inman.com.

Show Comments Hide Comments
Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Success!
Thank you for subscribing to Morning Headlines.
Back to top
Only 3 days left to register for Inman Connect Las Vegas before prices go up! Don't miss the premier event for real estate pros.Register Now ×
Limited Time Offer: Get 1 year of Inman Select for $199SUBSCRIBE×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription
×