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Chicago Pacific Founders Acquires Maryland Trade Center III Medical Office For $27.5M From Top Care Management

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SOLD
$27,500,000

Maryland

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Medical Office192,000 SF
Sold 07/18/2025
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SOLD

Chicago Pacific Founders Acquires Maryland Trade Center III Medical Office For $27.5M From Top Care Management

7501 Greenway Center Drive

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Medical Office192,000 SF
Sold 07/18/2025
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Summary

MARYLAND
Asset Type:Medical Office
Price Per Square Foot:$143
Total Square Footage:192,000 SF
Transaction Type:Sale

7501 Greenway Center Drive is a 192,000-square-foot medical office building located in Greenbelt, MD. The property was sold for $27,500,000, with a price per square foot of $143. It is currently 74% leased and is anchored by Luminis Health under a 10-year lease.

Summary of transaction details:

  • Property Type: Medical Office
  • Transaction Amount: $27,500,000
  • Buyer: Chicago Pacific Founders
  • Seller: Top Care Management
  • Lender: Capital One
  • Leasing Status: 74% leased
  • Lease Duration: 10 years

Chicago Pacific Founders Healthcare Real Estate acquired the Maryland Trade Center III. The acquisition reflects a significant increase in value from the previous purchase price of $16.8 million in 2019.

Players

Capital One
Capital One
LENDER

Details

SOLD
IMAGE: 07/18/2025 ADDRESS: 7501 Greenway Center Drive MARKET: Greenbelt, MD ASSET TYPE: Medical Office BUYER: Chicago Pacific Founders SELLER: Top Care Management LENDER: Capital One SALE PRICE: $27,500,000 SF: 192,000 ~ PPSF: $143 NOTE: Chicago Pacific Founders Healthcare Real Estate bought Maryland Trade Center III for $27.5M, financing from Capital One, up from $16.8M in 2019. The 192,000-sq-ft medical office building near D.C. is 74% leased, anchored by Luminis Health under a 10-year lease.

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