HYATTSVILLE, MD-A four-building flex portfolio has traded here for $17 million. The buyer, Baltimore's Atapco Properties, acquired the buildings from the special servicer, Midland Loan Services. Transwestern's Mark Glagola and Jim Darby represented the seller.
The four-building portfolio, Inglewood Tech Center, is located in Hayttsville and Upper Marlboro. The addresses are 9301 Peppercorn Place and 1441 McCormick Drive in Hyattsville and 1220 and 1221 Caraway Court in Upper Marlboro. The portfolio totals 276,264 square feet and is part of the Inglewood Business Community, which is adjacent to the Largo Metro Station.
This was a good deal for Atapco, which has a heavy presence in the local industrial market, Glagola tells GlobeSt.com. "It owns of the premier industrial parks, Steeple Chase, which is about a mile away. So this is a synergistic play for them."
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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.
