Matan Companies Buys Milestone Business Park for $128.4M
Germantown, MD, Jan 21, 2014 (WASHINGTON BUSINESS JOURNAL) — The Milestone Business Park has a new owner. Matan Companies, through its Matan Fund IV, has acquired the 41.8 acre property from Multi-Employer Property Trust for $128.4 million, according to an announcement of the transaction from Cassidy Turley, which represented the seller.
Milestone Business Park is located in Germantown, Md., directly off Interstate 270 at the Father Hurley Boulevard exit. The campus is comprised of three office buildings, one flex building and some additional development potential. The existing 635,272 square feet of commercial space is 85 percent leased…read more.