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

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SOLD
$27,500,000

Maryland

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Office192,000 SF
Sold 07/11/2025
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SOLD

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

Greenway Center Drive

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Office192,000 SF
Sold 07/11/2025
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Summary

MARYLAND
Asset Type:Office
Price Per Square Foot:$143
Total Square Footage:192,000 SF
Transaction Type:Sale

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.

Players

Chez Eider
12 deals$122.7M volume(201) 742-6177
BROKER

Robert (Bob) Filley
Marcus & Millichap
8 deals$108.3M volume(202) 536-3736
BROKER

Marcus & Millichap
BROKERAGE

Details

SOLD
IMAGE: Chez Eider & Robert Filley DATE: 07/11/2025 ADDRESS: Maryland Trade Center III (MTC3) - 7501 Greenway Center Drive, Greenbelt, Maryland MARKET: Washington DC ASSET TYPE: Medical Office BUYER: Chicago Pacific Founders SELLER: Greenbelt Trade Center BROKERS: Chez Eider (@ChezEider) & Robert Filley - The Eider Group (@EiderGroup) - Marcus & Millichap SALE PRICE: $27,500,000 SF: 192,000 ~ PPSF: $143 NOTE FROM BROKER: MTC3 is one of the largest medical office sales of the year at 192,000 SF. This complex transaction involved more than 30 tenants and drew strong interest from institutional and private capital nationwide. Full Press Release: https://www.institutionalpropertyadvisors.com/news-events/2025/07/institutional-property-advisors-brokers-medical-office-asset-sale-in-suburban-washington-dc

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