Melrose Solomon & Cambridge Holdings Acquire Office Building In Annapolis For $19.5M

1750 Forest Drive is a Class A office building located in Annapolis, Maryland. The property was sold for $19,500,000, encompassing a total of 120,750 square feet, resulting in a price per square foot of $161. The transaction involved the transfer of the asset from Forest Drive Holdings to a partnership between Melrose Solomon and Cambridge Holdings.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $19,500,000
• Address: 1750 Forest Drive
• Market: Annapolis, MD
• Square Footage: 120,750
• Price per Square Foot: $161
• Buyer: Melrose Solomon & Cambridge Holdings
• Broker Representatives: Cecil Cummins, Eric Pinkett & Owen Wellschlager - Hyatt Commercial

Hyatt Commercial facilitated the brokerage of this significant transaction, representing the sellers and working closely with Melrose Solomon and Cambridge Holdings throughout the process. The involvement of these brokerage professionals highlights their roles in successfully managing the deal's complexities.