Affiliate Of Blue Arch Capital Acquires Medical Office Park In Silver Spring For $15.25M

The property involved in the transaction is Doctors Medical Park, a medical office asset located at 10301 Georgia Avenue, 2101 Medical Park Drive and 2121 Medical Park Drive in Silver Spring, MD. The asset spans a total of 90,076 square feet and was sold for $15.25 million, equating to a price per square foot of $169.

Summary of transaction details:

• Property Type: Medical Office
• Transaction Amount: $15,250,000
• Buyer: Affiliate of Blue Arch Capital
• Brokers: Jim Kornick, Joe French, Mike Wilson & Wes Boatwright - Avison Young
• Mortgage Brokers: Jon Goldstein & Michael Yavinsky - Avison Young

Avison Young played a pivotal role in facilitating the sale of Doctors Medical Park to an affiliate of Blue Arch Capital. The team of brokers involved in the deal included Jim Kornick, Joe French, Mike Wilson, and Wes Boatwright from Avison Young, who successfully closed the transaction. Additionally, Jon Goldstein and Michael Yavinsky, also from Avison Young, provided mortgage brokerage services to ensure a smooth completion of the sale.