Santa Fe Hotel Buys GE Tech Park for $62.6 Mil

GAITHERSBURG, MD-American Safety Financial Corp. helped out in the negotiations for the 51-acre site, which includes a 341,000-sf office building occupied by GE Information Services under a long-term lease.

By Wendy Watkins | Updated on April 05, 2001

GAITHERSBURG, MD-Santa Fe Hotel has purchased the GE Technology Park here for $62.6 million. American Safety Financial Corp. helped out in the negotiations for the 51-acre site, which includes a 341,000-sf office building occupied by GE Information Services under a long-term lease.

American Safety Financial Group is a subsidiary of Bermuda-based American Safety Insurance Group Ltd. Santa Fe Hotel, a wholly owned subsidiary of Santa Fe Gaming Corp., obtained a $55.4 million permanent real estate loan for the purchase.

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