The three projects are the Brown Clinic in Watertown, SD; the Northern Ohio Medical Specialists portfolio in Northern Ohio; and the Prospect Medical Office Building in East Orange, NJ.

With these acquisitions and another acquisition that was announced in late July, the company has deployed or committed to deploying approximately $40 million of the net proceeds of its initial public offering in acquisitions to date.

NEWARK, DEL–Rockford Capital Partners has acquired 242 and 248 Chapman Rd, on behalf of its value-add investment vehicle, Rockford Real Estate Fund III. The seller, Chapman Road Investors, LLC, an affiliate of Equus Capital Partners, was represented by Michael Margolis and David Dolan of NGKF in the transaction.

242 Chapman Road is a three-story, 65,967 square foot building and 248 Chapman Road is a two-story, 77,974 square foot building. Together the two buildings are 100% leased to KBR and HP Enterprise Services.

On the Market

WASHINGTON, DC–Brickman Associates has put 4201 Connecticut Ave. NW, on the market. It is a 70,959-square-foot office building in Washington DC's Uptown submarket. Gerry Trainor, Mark Glagola, Jim Cardellicchio and Wes Machowsky of Transwestern's Mid-Atlantic Capital Markets Group are the listing agents for the property.

The six-story property is 95.5% leased to multiple tenants. There is “an appealing staggered lease expiration schedule,” Trainor says.

Our roundup of middle-market transactions and other activities around the Mid-Atlantic in recent days.

Acquisitions

BETHESDA, MD–Global Medical REIT, which closed its initial public offering earlier this year, is making tracks to establish itself.

It paid its first dividend to shareholders today, Oct. 11, of 20 cents. It also just closed on its first set of multiple acquisitions, which were previously announced in September, for $30.8 million. It acquired 11 buildings all together in three separate transactions.

The three projects are the Brown Clinic in Watertown, SD; the Northern Ohio Medical Specialists portfolio in Northern Ohio; and the Prospect Medical Office Building in East Orange, NJ.

With these acquisitions and another acquisition that was announced in late July, the company has deployed or committed to deploying approximately $40 million of the net proceeds of its initial public offering in acquisitions to date.

NEWARK, DEL–Rockford Capital Partners has acquired 242 and 248 Chapman Rd, on behalf of its value-add investment vehicle, Rockford Real Estate Fund III. The seller, Chapman Road Investors, LLC, an affiliate of Equus Capital Partners, was represented by Michael Margolis and David Dolan of NGKF in the transaction.

242 Chapman Road is a three-story, 65,967 square foot building and 248 Chapman Road is a two-story, 77,974 square foot building. Together the two buildings are 100% leased to KBR and HP Enterprise Services.

On the Market

WASHINGTON, DC–Brickman Associates has put 4201 Connecticut Ave. NW, on the market. It is a 70,959-square-foot office building in Washington DC's Uptown submarket. Gerry Trainor, Mark Glagola, Jim Cardellicchio and Wes Machowsky of Transwestern's Mid-Atlantic Capital Markets Group are the listing agents for the property.

The six-story property is 95.5% leased to multiple tenants. There is “an appealing staggered lease expiration schedule,” Trainor says.