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Irvington Centre Offices Brings in $190M

ROCKVILLE, MD-Three office buildings totaling 539,000 sf at Irvington Centre trade in a deal valued at $190 million. America's Capital Partners picks up the sites from Penrose Group.

By Barbra Murray | Updated on April 21, 2006

ROCKVILLE, MD-America’s Capital Partners has purchased One, Two and Three Irvington Centre for approximately $190 million. The three office buildings, located at Irvington Centre commercial complex within the mixed-use King Farm community, were sold by King Farm developer the Penrose Group. The three class A structures account for a total of 539,000 sf of office space.

The buildings are located just off the Interstate 270 interchange at Shady Grove Road in Montgomery County. Featuring 154,000 sf, One Irvington Centre is a six-story facility that was developed in 1999. Two Irvington Centre, which was completed five years ago, offers 166,700 sf over its six floors. The four-year-old Three Irvington Centre is a six-story structure, as well, but is by far the largest of the three with 218,000 sf of space. All three buildings feature fitness facilities and conference rooms.

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