Berwind Property Group purchased two 131,819-square-foot office/flex buildings in Owings Mills Commerce Centre located in Owings Mills, Md.
The value of the transaction was not disclosed.
The buildings were constructed in 1989 and 1990, and are part of a 1.4-million-square-foot business park, which contains predominantly single-story and flex product. Owings Mills is located in the West/Northwest suburban Baltimore submarket.
The property was 100 percent leased at the time of sale, with a significant portion of these leases expiring in the next 18 months.
David Scheffenacker Jr. and Cris Abramson of Preston Partners brokered the transaction.
Berwind Property Group Ltd. is a Philadelphia-based privately held real estate investment company.
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