Investments and Development

Scheer Partners acquisitions and investments dot the regional landscape and represent some of the area’s most noteworthy investments.

Scheer Partners offers comprehensive investment and financial analysis on potential investment projects. The company has legal, tax, and finance expertise to provide clients a detailed analysis of the proposed transaction, including tax-advantaged structures, legal issues, and sensitivity analyses.

Notable Transactions:

21FirstFairfield21 Firstfield
Gaithersburg, MD

50,000 square foot Biotech repurposing. Renovated and leased to Zyngenia, IBT, and Novavax, and then sold to BioMed.

 

cbk7901 Annapolis Road
Lanham, MD

15,000 square foot sale/lease back with Volunteers of America.

423 Kennedy St NW
Petworth Multifamily
Washington, DC

Residential condominium conversions valued at approximately $6.3 M.

 


Bradley Arlington Office Complex

Bethesda, Maryland

This is a 150,000 sq. ft. two-building office complex located in the Bethesda CBD that was acquired for $26.4 million. As part of the repositioning strategy, a comprehensive capital improvement plan was implemented and rents have been raised over 25% to market.

 

The Fairview Building
Gaithersburg, Maryland

This is a 75,000 sq. ft. office building that was acquired for $11 million. Within the first 12 months of ownership, a major capital improvement plan was implemented totaling over $4 million. The property is now being repositioned as Class A office condominiums with unique shared amenities such as common conferencing and kitchen facilities.

 

Tech Park 270
Gaithersburg, Maryland

This is a 184,000 office/flex building located in Gaithersburg, Maryland that was acquired for $19.5 million. After a portion of the property was repositioned as wet lab space and the anchor tenant was renewed, the asset was sold for $33 million.

 

Deer Park Office Center
Gaithersburg, Maryland

This is a 52,000 sq. ft. two building office complex that was acquired for $3 million. After a $6 million “gut” renovation was completed, the property was sold as office condominiums for over $16 million.

 

One Town Center
Bowie, Maryland

This is a 106,000 sq. ft. Class A office building located in Bowie, MD that was acquired for $23.5 million. The property benefits from easy access to Route 50 and is adjacent from the 900,000 sq. ft. Bowie Town Center retail development.

 

Department of Forensic Science Laboratory
Manassas, Virginia

The Project was procured via a PPEA Process. 114,000 square feet of state of the art forensic Laboratory space with an estimated total project cost of $68,000,000. The project is located within the Manassas area park, Innovation at Prince William.

 

Mediatech
Manassas, Virginia

100,000 square feet, $14,000,000 tilt-up shell with improvements to accommodate buffer/reagent manufacturing. The facility will have the capability of manufacturing under FDA regulated, GMP manufacturing conditions.