Chicago Pacific Founders Acquires Medical Office Asset In Greenbelt For $27.5M

The medical office asset located at Maryland Trade Center III (MTC3) - 7501 Greenway Center Drive, Greenbelt, Maryland, has been sold for a price of $27,500,000. The property spans 192,000 square feet and is situated in the Washington DC market, with a price per square foot of $143.

Summary of transaction details:

• Property Type: Medical Office
• Transaction Amount: $27,500,000
• Address: Maryland Trade Center III (MTC3) - 7501 Greenway Center Drive, Greenbelt, Maryland
• Market: Washington DC
• Asset Size: 192,000 SF
• Price per SF: $143
• Buyer: Chicago Pacific Founders
• Seller: Greenbelt Trade Center
• Broker Representatives: Chez Eider & Robert Filley - The Eider Group - Marcus & Millichap

This transaction is notable as one of the largest medical office sales of the year, involving over 30 tenants and attracting significant interest from both institutional and private capital across the country. The brokers representing the seller are Chez Eider and Robert Filley from The Eider Group - Marcus & Millichap.