The deal marks the Washington, DC-based REIT’s second investment in Boston following its recent announcement of joining with National Real Estate Advisors and HYM Investment Group to own and develop One Congress, a 1-million-square-foot trophy office tower in Downtown Boston.
Scape USA is targeting 20,000 beds nationwide and is prepared to invest $1 billion in Boston over the next five years.
The building at 180 Admiral Cochrane Drive in in the River Road corridor of Annapolis totals 125,728 square feet of Class A office space.
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