GAITHERSBURG, MD. — HFF has arranged the $29.4 million sale of three office buildings located at 25, 35 and 45 W. Watkins Mill Road in Gaithersburg, a Maryland suburb of Washington, D.C. The three office/lab buildings span 139,938 square feet and were cumulatively 95 percent leased at the time of sale to tenants such as MedImmune and Amplimmune, which are both wholly owned subsidiaries of AstraZeneca. Jim Meisel, Dek Potts, Andrew Weir, Stephen Conley and Matthew Nicholson of HFF represented the seller, an affiliate of Equus Capital Partners Ltd., in the transaction. In addition, HFF arranged $19.2 million in acquisition financing on behalf of the buyer, Tritower Financial Group. Cary Abod led HFF’s debt placement team to arrange the 10-year, fixed-rate loan through an unnamed life insurance company.
45 W. Watkins Mill Road is an office/lab property in Gaithersburg, Md.
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