LANDOVER, MD–Morning Calm Management announced it has acquired Metro Plex I & II — two assets with 107,180 and 186,303 square feet of office space respectively, that are 45% leased. The property, which was partially renovated in 2002 and 2003, also includes a 3.65-acre pad site approved for 200,000 square feet of future development.
The complex, which has more than 1,100 parking spaces, is also within walking distance to the New Carrollton Metro Station, Amtrak/MARC station, and the future Purple Line. Metro Plex I was built in 1980 and Metro Plex II was developed two years later.
It was a year ago when Morning Calm made its first DC-area acquisition with Capital Office Park, an 810,000-square-foot, transit-oriented office campus in Greenbelt, approximately 11 miles northeast of Washington, DC. Capital Office Park has since added a number of new tenants including CliftonLarsenAllen LLP, the Transit Employees Federal Credit Union and the National Center for Children and Families.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
