AMMENDALE TECHNOLOGY PARK SELLS FOR $23 MILLION IN MARYLAND

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BELTSVILLE, MD. — Boston-based Cabot Properties has acquired Ammendale Technology Park in Beltsville for $23 million. Built in 1985 and 1986, the seven-building industrial portfolio consists of office and warehouse facilities with ample truck courts. Bo Cashman, Jonathan Beard, Bruce Strasburg and Marc Rampulla of CB Richard Ellis represented the seller, Rockville, Md.-based Washington Real Estate Investment Trust, in the transaction.

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