Invesco Real Estate JV Breaks Ground on Dallas-Area Industrial Park – What is a Ground Lease?

Silver Spring Flex Building Changes Hands in $13M Deal

© 2022 Observer Media · Terms · Privacy
BDC Spectrum has sold 12101 Tech Road, a 58,280-square-foot flex/office building in Silver Spring, Md., for $12.8 million, Commercial Observer has learned.
JLL represented the buyer, listed as 12101 Tech Road LLC, in the deal, while Edge represented the seller.
“Acquiring assets of this size in the Montgomery County submarket has become increasingly difficult, given the lack of available properties for purchase, combined with the large volume of investors seeking investments in the Washington, D.C., suburbs,” Robert Pugh, a partner in advisory services for Edge, said.
12101 Tech Road features 22-foot ceiling heights and a free surface parking lot that can accommodate more than 100 vehicles. The property also boasts several loading docks. 
The building is close to Maryland State Route 200, Interstate 95 and Interstate 495. The property is also within walking distance to the upcoming White Oak Town Center Development, WesTech Village Corner and Orchard Center, which offers numerous sit-down and fast-casual restaurants, shopping, and hotel options. 
At the time of the sale, the property was fully leased to three tenants, though its largest tenant, Kingdom Fellowship Church, is planning to vacate its 40,000-square-foot space later this year.
Joining Pugh in representing the seller was Edge’s Kenneth Fellows, while Brad Crosley of JLL represented the buyer. 
Keith Loria can be reached at
Read the latest edition of the Commercial Observer online!


  Bond Vet signs lease at TFC’s 2 Gold St. – Robert Khodadadian

Leave a Reply

%d bloggers like this:
The steve schoepfer team is southwest florida's most innovative real estate team. Jamie lee curtis on itaewon crowd crush : 'a sad tragedy' bhakti varsha. Terreno by divosta® is a new construction community in naples florida.