Thank you for sharing!

Your article was successfully shared with the contacts you provided.

ROCKVILLE, MD-Metro Executive Park has been sold for $17 million in a co-investment deal to New York, NY’s The Patronis Group and Tysons Corner, VA’s Nanjemoy Investment LLC. The two-building complex occupies an 8.6-acre plot and offers about 123,000 sf among the nearly identical three-story structures. Consortium II, a part of The Bernstein Companies investment fund, was the seller.

Located on Crabbs Branch Way in the high-tech and biotech industry rich area of the I-270 Corridor, the property also offers enough space for the placement of another building as large as 79,000 sf in size. “The [area's] growth has been tremendous and Nanjemoy is well positioned to take advantage of the opportunity,” Patronis principal David Young says of the Montgomery County acquisition.

Consortium Two acquired the structures, built in 1986 and 1988, in 1999 from Advent Realty Limited Partnership for a total of $13.3 million. Holliday Fenoglio Fowler marketed the property and company associate director Collins Ege tells GlobeSt.com that Metro Executive was originally marketed in a portfolio with another building, the 68,000-sf Germantown Center, for a total of $31.5 million.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.