Wednesday, October 9, 2019

28 Montgomery County buildings sell for $149M

PS Business Parks Inc. (NYSE: PSB) has sold three business parks in Montgomery County: Metro Park North, Meadows Business Park and WesTech Business Park.  The three parks, which include 28 buildings and 1.3 million square feet, sold for $148.8 million, according to a press release. The buyer is DCS Partners LLC, a partnership between Doug Donatelli and Nick Smith. The seller, which is based in Glendale, Calif., kept a single building out of the portfolio: a 113,000-square-foot building at Metro…



from https://www.bizjournals.com/baltimore/news/2019/10/09/28-montgomery-county-buildings-sell-for-149m.html?ana=RSS&s=article_search
via https://baltimorecheckbook.tumblr.com/post/188236796837

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