77 Upper Rock

WASHINGTON, DC–Douglas Donatelli and Nicholas Smith, the former CEO and CIO of First Potomac Realty Trust, have announced they have formed a commercial real estate company called DSC Partners LLC. They have also announced they have acquired an empty office building at 77 Upper Rock, in Rockville, Md., via a joint venture with an investment fund. The building traded for $19.5 million from The JBG Cos.

DSC Partners will focus on value-add opportunities across multiple asset types in the Washington DC area and region. 77 Upper Rock is an ideal property to showcase what the company will be seeking out, Smith says in a prepared statement. Improving this “well-positioned property”, he said, will attract prospective tenants in the Maryland market and generate strong demand.

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Erika Morphy

Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.

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