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ROCKVILLE, MD-The six-story office building at 2115 E. Jefferson St. has found a new owner with LaSalle Investment Management’s $20 million sale of the property to TA Associates affiliate, Realty Associates Fund VI LP. According to Montgomery County records, the 125,000-sf class A property has a 2004 assessed value of approximately $13 million. Cassidy & Pinkard helped LaSalle orchestrate the disposition of the 22-year-old property.

Situated on 5.5 acres off I-270, the completely vacant office property is located in a desirable submarket that is home to offices of the US Department of Health and Human Services, and associates of the National Institutes of Health. Describing the assets of the property during marketing efforts, Cassidy & Pinkard notes that “the combination of the asset’s proximity to these major Montgomery County users, its recent renovations, accessibility to I-270 and location to the Washington Metrorail system ensures the building’s future value and investment potential.” Firms involved with the property have not been available to respond to inquiries regarding whether or not Spaulding & Slye Colliers will continue in its role as leasing agent under the new ownership.

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