ROCKVILLE, MD-Koger Equity, a Boca Raton, FL-headquartered REIT, has chosen Trammell Crow Co. to handle leasing activities at its newly acquired class A office portfolio in the Decoverly Office Park. Koger made its entrée into the suburban Washington, DC market last month with the $42 million purchase of the portfolio, which includes 155,000 sf of existing space, plus a planned 100,000-sf structure.

Situated in the heart of the I-270 Corridor, the Decoverly portfolio features two existing buildings on Omega Dr. consisting of 78,000 sf and 77,000 sf. Both three-story structures were built in the late 1980s and have a combined occupancy level of about 91%; one building is fully leased, while the other is about 83% occupied. The third component to the portfolio is a planned four-story, 100,000-sf office structure that will sit at 9501 Key West Ave.

“These high-quality properties are centrally located with easy access to the downtown business district, shopping and entertainment venues and preferred residential areas,” Koger CEO Tom Crocker says.

Trammell Crow leasing agents were unavailable to comment on the asking rent for space at the property; however, the average price for class A office space in Rockville is $29 per sf, according to Advantis Real Estate Services Co.’s First Quarter 2004 Office Report.

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?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.



Join GlobeSt

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

  • Free unlimited access to'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 and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.