GAITHERSBURG, MD-In a deal valued at $3 million, ownership of two neighboring office buildings totaling 52,000 sf changed hands. With the assistance of Scheer Partners Inc., Deer Park Professional Centre LLC took the office property off the hands of the Betty Brown Casey Trust. Located near the intersection of I-270 and I-370, the two properties are within one block of each other.

Now that new ownership is in place, the two structures are in for a major multi-million dollar makeover, as well as a new name, Deer Park Professional Centre. Scheer Partners will take the helm in marketing space in the two buildings, which will ultimately offer class A office condominium space.

“There has not been a new office condominium project of this size and quality in the I-270 Corridor in the last decade,” says Patrick Kelly, a senior sales associate with Scheer Partners. “From our experience, we have found that many small companies hope to own real estate, but are unable to because of a lack of supply in this market. We expect the property to be well received due to its location, architecture and the complete building renovations.”

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