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Atlas, West End Buy Patrick Center

FREDERICK, MD—The joint venture is acquiring the building at below replacement cost, Atlas' Arvind Chary tells GlobeSt.com's Erika Morphy.

By Erika Morphy | Updated on April 20, 2014

FREDERICK, MD—Atlas Real Estate Partners of New York City and the locally-based West End Capital Group have acquired their fourth building in the area with its purchase of the Patrick Center here. The 66,000-square foot building traded at an undisclosed price from First Potomac Realty Trust, which mentioned the pending deal in an earlier investor call with shareholders.

The four local properties the two buyers, which joined forces last year to focus on investment opportunities in the Mid-Atlantic, have acquired over the last six month total some $60 million in deal value.

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