Perseus Remains Hopeful About $175M MD Pipeline

ROCKVILLE, MD-With its latest project well in hand–the groundbreaking of the approximate $109-million, 350,000-sf, class A office space here just occurred–Perseus Realty is looking to the closure of three pending deals in its pipeline for this submarket. “We hope to close opportunities in both the residential and office sectors within the next 60 days,” John Wood Bolton Jr., EVP of Perseus Realty tells GlobeSt.com.

The projects, he says, are two residential and one office development with aggregate costs–should all three come to fruition–of $175 million. The investments are part of the company’s larger strategic interest in Montgomery County, which it believes will be delivering long-term, consistent growth.