BALTIMORE – Cushman & Wakefield of Maryland, Inc. announced today it has arranged the sale of Rivers Business Commons,located at 8945-8975 Guilford Road in Columbia, to Fernau LeBlancPartners. Cushman & Wakefield’s capital markets team of Cristopher Abramson, Brian Kruger, Nicholas Signor and Jonathon Chalkley coordinated the disposition of Rivers Business Commons on behalf of the seller, an affiliate of Greenfield Partners.
Rivers Business Commons is a 101,596 square foot, four-building office portfolio of single and two-story assets. The portfolio features Class A office space in a landscaped campus in the heart of the Baltimore-Washington Corridor, equidistant to both Washington D.C. and Baltimore, with immediate access to I-95 via Route 32. Rivers Business Commons is currently 87 percent leased and notable tenants include St. Agnes Hospital, Black & Veatch and Beazer Homes.
“This transaction rewards the seller for the lease-up realized since their purchase and the institutional maintenance of a quality asset,” said Abramson. “The buyer has acquired a very well located property with excellent tenancy and great term.”
The property’s new ownership, Fernau LeBlanc Investment Partners, is a Washington, D.C.-based real estate owner and operator, focused on achieving attractive risk-adjusted returns by investing inproperties and flex/single-story office buildings.