JLL SELLS INDUSTRIAL PORTFOLIO FOR $30M

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GAITHERSBURG, MD. — Jones Lang LaSalle has arranged the $30 million sale of an eight-building industrial portfolio, located in Montgomery County Airpark in Gaithersburg. The buildings total 285,000 square feet and are approximately 75 percent leased. Tenants include M&T Bank, Ferguson and Cianbro. Jones Lang LaSalle's Washington, D.C., office represented the sellers, Zarpas 1 through 5 LPs., in the transaction. The buyer was a partnership led by Potomac, Md,-based Willco Cos. BB&T Bank provided acquisition financing.

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