LANDOVER, MD--An LLC led by Polinger Development Co. has scooped up a value-add opportunity directly across the street from the New Carrollton Rail Station.

Metro East is a 177,002-square foot, three-building office portfolio located at 8200-8400 Corporate Dr. The portfolio was 82% leased at the time of the sale and it traded for $14.6 million.

Mark Glagola, managing director in Transwestern's Mid-Atlantic Capital Markets Group, brokered the transaction on behalf of a major life insurance company.

“This property presented an excellent value-add opportunity in a coveted location,” Glagola said in a prepared location.

LANDOVER, MD--An LLC led by Polinger Development Co. has scooped up a value-add opportunity directly across the street from the New Carrollton Rail Station.

Metro East is a 177,002-square foot, three-building office portfolio located at 8200-8400 Corporate Dr. The portfolio was 82% leased at the time of the sale and it traded for $14.6 million.

Mark Glagola, managing director in Transwestern's Mid-Atlantic Capital Markets Group, brokered the transaction on behalf of a major life insurance company.

“This property presented an excellent value-add opportunity in a coveted location,” Glagola said in a prepared location.

Instant Insights /

Polinger Buys Three-Office Portfolio Across the Street From New Carrollton Rail Station

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