Metro Executive Park Sells for $17M

ROCKVILLE, MD-Metro Executive Park has been sold for $17 million in a co-investment deal to New York, NY’s The Patronis Group and Tysons Corner, VA’s Nanjemoy Investment LLC. The two-building complex occupies an 8.6-acre plot and offers about 123,000 sf among the nearly identical three-story structures. Consortium II, a part of The Bernstein Companies investment fund, was the seller.

Located on Crabbs Branch Way in the high-tech and biotech industry rich area of the I-270 Corridor, the property also offers enough space for the placement of another building as large as 79,000 sf in size. “The [area's] growth has been tremendous and Nanjemoy is well positioned to take advantage of the opportunity,” Patronis principal David Young says of the Montgomery County acquisition.