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1 Discovery Place 1 Discovery Place

SILVER SPRNG, MD—A joint venture of Foulger-Pratt and Cerberus Capital Management has purchased the nearly 550,000-sqare-foot corporate headquarters of Discovery Communications here.

The partnership between Potomac, MD-based Foulger-Pratt and Cerberus Capital Management of New York City purchased One Discovery Place from Discovery Communications. No financial terms of the transaction involving the 548,953-square-foot LEED Platinum office building were disclosed. The new ownership states that it plans to undertake a capital improvement program at the property.

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John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.

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