​Transwestern’s Institutional Commercial Group today announced that it brokered the sale of 12100 Parklawn Drive, an 85,231-square-foot bulk industrial warehouse building in Rockville, Md. An affiliate of Elman Investors, Inc. purchased the building from Dorsey Management Company Parklawn LLC for $11,912,500, or $139.76 per square foot.

12100 Parklawn Drive is 90 percent leased to the GSA through 2021. The building is located in the Twinbrook Sector Planning zone between the White Flint and Twinbrook Metrorail stations. Phase II of the Montrose Parkway will pass just one block from the 12100 Parklawn Drive and will offer on and off ramps on Parklawn Drive.

“The majority of the property is leased by the GSA, and the property is surfacing as a critical support facility given the concentration of government agencies in the neighborhood,” said Transwestern’s Bob Filley, who represented the seller in the transaction.

Transwestern’s D.C. Institutional Commercial Group focuses on institutional investment services throughout the Washington, D.C. region, providing their clients with exceptional service and market knowledge. Over the past two years, the Institutional Commercial Group’s transactions have totaled more than $1 billion in aggregate value. Their success is a direct result of their detailed underwriting and keen understanding of the local, national and international investment communities. For more information on the Institutional Commercial Group, please visit www.Transwestern-ICG.net or call Gerry Trainor, executive managing director at 202.775.7091.

ABOUT TRANSWESTERN
Transwestern is a privately held real estate firm specializing in agency leasing, property and facilities management, tenant advisory, capital markets, development, research and sustainability. The fully integrated enterprise leverages competencies in office, industrial, retail, multifamily and healthcare properties to add value for investors, owners and occupiers of real estate. Transwestern facilitates better decision-making for clients by combining penetrating local market intelligence and macro-market research through its affiliate, Delta Associates. Transwestern has 33 U.S. offices and assists clients through more than 150 offices in 30 countries as part of a strategic alliance with Paris-based BNP Paribas Real Estate. For more information, please visit www.transwestern.net and follow us on Twitter: @Transwestern.

 

Media Contact:
Michelle Johnstone
202.775.7036
michelle.johnstone@transwestern.net​​