Matan Buys Suburban Office Portfolio
Germantown, MD, Jan 9, 2014 (GLOBEST.COM) — Matan Cos. has acquired a four-office portfolio in Germantown from Bentall Kennedy. A spokeswoman for Matan confirmed the acquisition but was unable to immediately provide further information.
A source tells GlobeSt.com that the portfolio traded for roughly $129 million.
According to public records the sale includes four office buildings in Milestone Business Park – Buildings No. 1, 2, 4 and 5. They total approximately 625,000 square with additional FAR for several multifamily and office development. The portfolio is 82% occupied…read more.