1 DiscoveryPlace
SILVER SPRNG, MD—A joint venture of Foulger-Pratt and CerberusCapital Management has purchased the nearly 550,000-sqare-footcorporate headquarters of Discovery Communications here.
The partnership between Potomac, MD-based Foulger-Pratt andCerberus Capital Management of New York City purchased OneDiscovery Place from Discovery Communications. No financial termsof the transaction involving the 548,953-square-foot LEED Platinumoffice building were disclosed. The new ownership states that itplans to undertake a capital improvement program at theproperty.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
