MC Real Estate Partners Acquires Executive Plaza Office Complex in Rockville, MD

Executive Plaza, Rockville, MD

Sue Carras

ROCKVILLE, MD  –– MC Real Estate Partners LLC (“MCRE”) and an institutional partner have acquired Executive Plaza, in Rockville, Maryland. 

Chris Hew

 This is the second office acquisition for the recently formed company founded by Andy Nathan and Steve Grant as the successor to their predecessor firms Meritage Properties and ClearRock Properties. 

Andrew (Andy) Nathan

 The 327,000 sf property, which has been significantly renovated over the past several years, sits a short walk from the dynamic Pike and Rose mixed use development and the White Flint Metro station.

“MCRE is thrilled to have made our first D.C. area acquisition so soon after our formation,"  said Nathan, managing principal of MCRE.   

"Steve and I have each been active locally for over 20 years and see Executive Plaza as an ideal addition to our portfolio. The Property has all a tenant could ask for – outstanding amenities, great light throughout and flexible floorplates – ideally located near highways, mass transit, retail and housing. 

Steve Grant

"Angelo Gordon and Monument did a wonderful job repositioning Executive Plaza and we look forward to guiding the asset through its next level transformation.” 

MCRE has retained The Polinger Company to provide on-site property management services and Bob Dickman from Avison Young as its leasing Agent.

Jim Meisel and Matt Nicholson of Jones Lang LaSalle (“JLL”) represented the seller and sourced the buyer for this transaction with mortgage brokerage services provided by JLL’s Sue Carras and Chris Hew.

CONTACT:

Kristen Murphy

Director, Public Relations

JLL Capital Markets

One Post Office Square, Suite 3500

Boston, MA 02109

T +1 617 338 0990

M +1 617 543 4873

Kristen.Murphy@am.jll.com

us.jll.com/capitalmarkets