FINMARC MANAGEMENT SELLS WAREHOUSE PROPERTY FOR $31.7M

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LANDOVER, MD. — Finmarc Management Inc. has sold a 216,000-square-foot warehouse property in Landover for approximately $31.7 million. The asset is located at 1701 Brightseat Road and currently serves as a temperature-controlled warehouse for the United States Library of Congress to store documents, books, photographs, periodicals and archival records. The warehouse is leased to the General Services Administration through Jan. 31, 2022. Marc Rampulla, Scott Frankel, Marcy Owens Test and Edward Welbourn of CBRE represented Finmarc in the transaction. The buyer was Charlotte, N.C.-based Salus Property Investments.

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