Business Journals

Boston Properties Sells Rockville Building for $61.2M

Source:  Business Journals

Boston Properties Inc. is making good on its plans to exit Montgomery County's office market. The Boston-based real estate investment trust has sold One Preserve Parkway, a seven-story office building in Rockville, to Federal Capital Partners for $61.25 million, or about $333 per square foot. The building is about 92 percent leased to tenants including federal contractor Booz Allen Hamilton. Boston Properties (NYSE: BXP) retained Cassidy Turley brokers Bill Collins, Paul Collins, James Cassidy,…

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