Cushman & Wakefield Negotiates Sale Of Gaithersburg Building

GAITHERSBURG, MD-John Hancock Realty is selling the 103,685-sf office building for $12.9 million to Foulger Land LP in a deal negotiated by Cushman & Wakefield, a real estate services agency.

By Diane Cook | Updated on December 04, 2000

GAITHERSBURG, MD-An office complex here recently changed hands according to information released by Cushman & Wakefield, a real estate services firm.

The company negotiated the $12.9 million sale of 101 Orchard Ridge, a 103,685-sf office building located at 101 Orchard Ridge Drive for the John Hancock Realty Group, says Jim Luck of the firm’s Washington, DC office.

The purchaser, Foulger Land LP, will lease the office space for between $26 and $28 per sf full-service, says Luck. Cushman & Wakefield is also the building’s leasing agent.

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