Buchanan Partners Acquires Five Office Buildings In Rockville Maryland For $47 Million

Buchanan Partners acquired five aging office buildings totaling 608,000 square feet located at 2611 Research Boulevard in Rockville, MD for a transaction amount of $47 million, equating to a price per square foot of $77.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $47,000,000
• Address: 2611 Research Boulevard
• Market: Rockville, MD
• Square Footage: 608,000
• Price Per Square Foot: $77
• Buyer: Buchanan Partners

The transaction involved Buchanan Partners, who secured the acquisition of the properties within Montgomery County’s life sciences corridor, further expanding their real estate portfolio in this strategic market.