The Silverman Group Acquires 50 Plus Building Industrial Portfolio Across Maryland And Virginia For $203M
Virginia
See Similar DealsThe Silverman Group Acquires 50 Plus Building Industrial Portfolio Across Maryland And Virginia For $203M
14100 Parke Long Court, 14101 Parke Long Court, 13901 Willard Road, 13943 Willard Road, 1057 Taft Street Rockville, 1099 Taft Street, 433 East Diamond Avenue, 435 East Diamond Avenue, 18775 77 79 Frederick Road, Gaithersburg & 9244 East Hampton Drive
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The Silverman Group acquired a 50+ building small-bay industrial and flex warehouse portfolio located at 14100 & 14101 Parke Long Court, 13901-13943 Willard Road, 1057-1099 Taft St, 433-435 East Diamond Ave, 18775-77-79 Frederick Road, 9244 East Hampton Drive, 8616-8634 Edgeworth Drive, 8519-8521 Rainswood Drive, 615-619 Hampton Park Blvd, and 14714-14719, 14721 & 14723-25 Baltimore Ave. This off-market transaction occurred in the markets of Chantilly, VA; Rockville, Gaithersburg, Capitol Heights, Hyattsville, and Laurel, MD, with a total transaction value of $203,000,000. The portfolio encompasses a total of 1.4 million square feet and serves over 600 tenants.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $203,000,000
- Buyer: The Silverman Group
- Market: Chantilly, VA; Rockville, Gaithersburg, Capitol Heights, Hyattsville, Laurel, MD
- Brokerage Firm: Newmark
- Brokers: Ben McCarty, Cristopher Abramson & Nicholas Signor
The deal was brokered by Newmark, involving brokers Ben McCarty, Cristopher Abramson, and Nicholas Signor, facilitating the acquisition of a diverse industrial portfolio for The Silverman Group across various sites in Maryland and Virginia.
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