TOWSON, MD-A rare LEED Gold office in this submarket is trading hands for $18.75 million. TA Associates Realty is purchasing 100 West Rd. from LaSalle Investment Management. CB Richard Ellis arranged the sale of the five-story, 121,491-square-foot office.
Bidding was competitive, says CBRE’s Bo Cashman, who along with Jonathan Beard represented the seller in the deal. LaSalle created value by pursuing the certification - a rarity in this part of Maryland - as well as by making capital improvements. “Investors responded favorably to the asset by bidding competitively,” he said in a prepared statement.
Built in 1988 and renovated in 2007, the building is 87% leased. Amenities include on-site parking, a fitness center, and caf
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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.
