Developer dumps Maryland business park

Advantis/GVA represented Danac Corp. in the sale of a 382,783-square-foot corporate campus in Rockville, Md. 

The value of the transaction was $75.3 million.

The property, constructed in 2002, comprises three interconnected buildings, located at 9715-9719 Key West Ave. The campus is 100 percent leased through 2012 to Manugistics Group Inc. and Theracom.

HRPT Property Trust, a real estate investment trust based in Newton, Mass., purchased the property.

Dek Potts and Jim Meisel of the Washington, D.C. office and Kevin McGloon of the Bethesda, Md. office of Advantis/GVA exclusively represented the seller and were the sole brokers in the sale of the building.

Advantis/GVA is a full-service real estate firm that leases, manages and sells office, industrial, retail and other commercial real estate projects.

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