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ROCKVILLE, MD-JGB Cos. has acquired a fully occupied office building here for an undisclosed sum. Cassidy & Pinkard Colliers announced the sale of the asset, One Choke Cherry, a 228,020-square-foot Class A office building, which is fully leased by the Substance Abuse and Mental Health Services Association, a an agency within the US Department of Health and Human Services.

A five-year-old building, One Choke Cherry is located at the intersection of I-270 and Shady Grove Rd. It is also part of the future mixed-use community called Upper Rock District, which at full build out has been approved to deliver 844 residential units, a 9,000-square-foot-restaurant, 14,500-square feet of mixed retail and several parking facilities. Duany Plater-Zyberk & Co. is the designer of that community. JBG Cos. is the developer.

Shady Grove, a submarket of Rockville, has seen its fair share of development over the past few years. Some of the projects are moving toward completion; others are in various stages of the approval and pipeline process — and more fundamentally – awaiting financing. Besides Upper Rock District, there is also Bethesda-based EYA’s 91-acre redevelopment of the industrial park at Shady Grove, which is still in the approval process.

Paul Collins, Bill Collins, Drew Flood, James Cassidy and Jud Ryan of Cassidy & Pinkard Colliers represented the seller, which also was not disclosed. Cassidy & Pinkard Collier did not return a call to GlobeSt.com. JBG Cos. did not return a call either.

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