Finmarc Management Sells $4M Office in Gaithersburg’s Biotechnology Hub
Russell Plaza, LLC has completed its $4.1-million acquisition of 811 Russell Avenue, a 32,000-square-foot suburban office asset located in Gaithersburg, MD. Joe Friedman, and Joshua Norwitz of Edge Commercial Real Estate (recently acquired by KLNB) teamed up with Ken Fellows with the firm’s landlord advisory team to represent the seller, an affiliate of Finmarc Management, ... The post Finmarc Management Sells $4M Office in Gaithersburg’s Biotechnology Hub appeared first on Connect CRE.
Russell Plaza, LLC has completed its $4.1-million acquisition of 811 Russell Avenue, a 32,000-square-foot suburban office asset located in Gaithersburg, MD.
Joe Friedman, and Joshua Norwitz of Edge Commercial Real Estate (recently acquired by KLNB) teamed up with Ken Fellows with the firm’s landlord advisory team to represent the seller, an affiliate of Finmarc Management, Inc. Larry Rosen of Commercial & Investment Realty Associates, LLC represented the buyer.
811 Russell Avenue was built in 1997 and is situated in Gateway Center on 1.20 acres with a C-2 zoning. It is located within Montgomery Village and the broader Gaithersburg, which is known as an internationally recognized biotechnology hub.
“Montgomery Village is seeing tremendous interest from developers to redevelop and reposition underutilized land in a densely populated submarket of Montgomery County, located immediately off I-270 with a diverse employment base,” said Friedman. “There is a lot of runway for growth in the area,” he added.
The post Finmarc Management Sells $4M Office in Gaithersburg’s Biotechnology Hub appeared first on Connect CRE.
What's Your Reaction?
