 |
| 12420 Parklawn Drive, Rockville, MD |
WASHINGTON, D.C. – HFF announced today that it has closed
the sale of two office buildings totaling 148,742 square feet in Rockville,
Maryland.
 |
| 5630 Fishers Lane, Rockville, MD |
HFF marketed the properties exclusively on behalf of the
seller, The JBG Companies. NGP V Fund
LLC purchased the properties for a total of $48.6 million in two separate
transactions.
Both buildings are located near the intersection of
Twinbrook Parkway less than one half mile from the Twinbrook Metro Station (Red
Line) south of downtown Rockville.
Fully renovated in 2009, 12420 Parklawn Drive is a
four-story, 93,014-square-foot office building that is 100 percent leased to
the General Services Administration (GSA) through December 2020. Situated on 2.4 acres, the building is LEED
Gold certified.
Renovated in 1997, 5630 Fishers Lane is a two-story,
55,728-square-foot building that is 100 percent leased to the GSA through
February 2023.
 |
| Jim Meisel |
The HFF investment sales team representing the seller was
led by senior managing directors Jim Meisel, Dek Potts and Andrew
Weir along with executive managing director Stephen Conley.
Headquartered in Chevy Chase, Maryland, The JBG Companies is
a private real estate investment firm that develops, owns and manages office,
residential, hotel and retail properties.
The company has more than $10 billion in assets under
management and development in the Washington metropolitan area. Since 1960, JBG has been active in the
communities where it invests, striving to make a positive impact.
 |
| Dek Potts |
More information can be found by visiting the company's
website: www.JBG.com, or by calling 240.333.3600.
The NGP V Fund is managed by NGP V Management, a private
real estate firm whose principals have vast experience in the commercial real
estate business, including 20+ years in the highly specialized government real
estate business.
 |
| Andrew Weir |
NGP's latest endeavor, the NGP V Fund, represents the
current government real estate program managed by the firm's principals. NGP
funds have acquired, developed and managed government-leased assets totaling
12.5 million square feet and valued at more than $2.5 billion.
More information can be found by visiting the company's
website www.ngpv.com.
For a complete copy of the company’s news release, please
contact:
Olivia Hennessey
Public Relations Coordinator
HFF | 9 Greenway Plaza, Suite 700 | Houston, TX 77046
tel 713.852.3403 | fax 713.527.8725 | www.hfflp.com
No comments:
Post a Comment