12 Apr Scheer Partners Represents Alexandria Real Estate Equities in $41.4 Million Sale of Gaithersburg Buildings and Development Site
Scheer Partners Represents Alexandria Real Estate Equities in $41.4 Million Sale of Gaithersburg Buildings and Development Site
Gaithersburg, MD – Scheer Partners, the leading provider of fully integrated commercial real estate services for the health science industry in the Washington and Baltimore metropolitan areas, announces today that it has negotiated on behalf of Alexandria Real Estate Equities the sale of four Gaithersburg buildings and a land parcel.
Philadelphia-based Equus Capital Partners, formerly BPG Properties, purchased this portfolio for $41.4 million from Pasadena, Calif.-based Alexandria Real Estate Equities.
In this transaction, Scheer Partners Founder and President Robert Scheer, along with Brady, Senior Vice President, in partnership with Pittsburgh-based HFF, represented Alexandria Real Estate Equities.
Equus Capital Partners is acquiring 25/35/45 West Watkins Mill Road, as well as 1201 Clopper Road, which total 282,523 rentable square feet of space. The buyer is planning to renovate and reposition the properties. The acquisition also includes a site that may accommodate up to 120,000 square feet of additional development.
“We’re extremely pleased to have worked alongside HFF in assisting Alexandria Real Estate Equities with the sale of these four Gaithersburg buildings and land parcel to Equus Capital Partners,” Scheer says.