Red Leaf Development And NovaLabs Acquire Medical Office And Industrial Assets In Elkton, MD And Fairfax, VA

The recent sale involved two properties: 101 Chesapeake Boulevard in Elkton, MD, and 3850 Jermantown Road in Fairfax, VA. The properties consist of a medical office and an industrial space respectively. The transaction was facilitated by Red Leaf Development Company, who purchased the Elkton property, and NovaLabs, who acquired the Fairfax property. The seller of both properties was FVCbank.

Summary of transaction details:

• Property type: Medical Office and Industrial
• Transaction amount: $6,000,000
• Square footage: 69,000
• Market: Elkton, MD and Fairfax, VA

Representing the buyers, John Sabo from Berkshire Hathaway Pen Fed Realty, LLC acted as the representative for NovaLabs in the purchase of 3850 Jermantown Road. On the seller's side, Sean Langford and Chris Walsh from MacKenzie Commercial Real Estate Services worked as the selling agents.