FREDERICK, MD—Ruppert Properties has sold two industrial proeprties here for $24 million. The Laytonsville, MD-based company was represented by Transwestern's Robert Filley, now Mid-Atlantic senior director with Marcus and Millichap, and Mark Glagola, managing director of the Investment Sales Group.
One sale was Stanford Trading Center, a four-building 175,380-square-foot campus, which sold to Cabot Properties for $15.9 million.
The other was the 46,200-square foot Brewery Building facility at 4607 Wedgewood Blvd. That sold for $8 million to Flying Dog Brewery, the current full-building tenant.
"These properties represent some of the finest industrial assets in the strong Frederick submarket," Filley says in a prepared statement.
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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.
