Connected via an enclosed walkway, the two eight-story buildings at 6120 - 6130 Executive Boulevard account for a total of 331,254 sf of office space. The property also offers an 850-car parking garage and surface parking space. Montgomery County records give the complex a current assessment value of a little more than $62 million. The property came on the market at the end of last year, with The Greenwich Group International, LLC handling the sale on behalf of the owner. "There was a $9 million to $10 million spread between the lowest bid and the eventual selling price," Greenwich's Peter Witham shares with GlobeSt.com. However, money was not the only issue in selecting the right buyer. "Confidence with closing and no contingencies on financing were also factors," he says. "Rockwood was an all cash buyer, which was advantageous from the owners' perspective."

Greenwich marketed the complex both domestically and internationally, which Witham suspects is the key reason why the property achieved such a high selling price. "The level of interest was exceptional from international and domestic investors." The Greenwich Group's DC office managing director Larry Baucom notes in a statement that, "this campaign shows significant demand in the current domestic economic environment for properties with credit-tenant lease characteristics, even those with terms of less than 10 years."