Chesapeake Real Estate Group Acquires Mixed-Use Portfolio In Columbia, MD For $4.8M

Chesapeake Real Estate Group (CREG) has acquired a three-building portfolio in Howard County, Maryland. The portfolio is located at 10270, 10280 & 10290 Old Columbia Road and consists of 43,400 square feet of flex/office space. The sale price for this mixed-use property was $4.8 million, resulting in a price per square foot of $111.

Summary of transaction details

• Property Type: Mixed-use
• Transaction Amount: $4,800,000
• Square Footage: 43,400
• Address: 10270, 10280 & 10290 Old Columbia Road
• Market: Columbia, MD

The buyer in this transaction was Jim Lighthizer from Chesapeake Real Estate Group (CREG). On the other side, the seller was Matthew L. Adler from Adler Real Estate Partners. The deal was facilitated by brokers Cris Abramson and Nicholas Signor from Newmark.

Note: Chesapeake Real Estate Group (CREG) acquired the three-building portfolio for $4.8 million, adding 43,400 square feet of flex/office space to their portfolio in Howard County, Maryland.