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.

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