Asset Capital Picks Up Medical Office Portfolio for $24M

COLUMBIA, MD-Through a $23.7-million transaction, Bethesda’s Asset Capital Corp. Inc. has become the owner of a four-structure medical office portfolio. The real estate company acquired the properties from leading Mid-Atlantic healthcare provider, Owings Mills-headquartered CareFirst BlueChoice Inc., which is an independent licensee of the Blue Cross and Blue Shield Association.

Encompassing a total of approximately 220,000 sf of space, the buildings are located here and in Frederick and Timonium. Suburban Baltimore’s Timonium Medical Center at 2205 York Rd. offers 27,700 sf of office space, and the Frederick Regional Medical Center at 110 Baughman’s Lane features nearly 32,000 sf. And here, the buildings Knoll North I and Knoll North II consist of 92,313 sf and 67,958 sf, respectively.