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 estate.


What’s your opinion? Send your Letter to the Editor to

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
Thank you for subscribing to Morning Headlines.
Back to top
Refer friends to Select and get $200 in credit.Learn More×
Connect Now is just days away. Don't miss out.Reserve your seat today.×