Colliers Pinkard, 2009-07-24
by Liz Murphy
Baltimore, Maryland
The Colliers Pinkard Investment Services Group is pleased to announce the sale of Tech 100 Business Park, 6671-6679 Santa Barbara Road, Elkridge, Maryland. Tech 100 is a three-building, flex/warehouse portfolio in the Baltimore-Washington Corridor. The 166,039 square foot portfolio was sold to Hill Management Services, Inc for $10,538,875 or $63.47 psf.
“This was a win-win transaction. WRIT was able to off-load a non-core asset and Hill Management picked up a very nice addition to their growing warehouse/flex portfolio,” said Jonathan Carpenter, Senior Vice President at Colliers Pinkard.
The Colliers Investment Services Team represented Washington Real Estate Investment Trust (WRIT) in this July 2009 transaction.
About Colliers Pinkard
Colliers Pinkard has consolidated its ownership structure with Colliers Turley Martin Tucker, Cassidy & Pinkard Colliers, and Colliers ABR, forming a holding company that is one of the largest commercial real estate service firms in the U.S. In 2008, the consolidated entity completed more than $9.2 billion in worldwide transactions, including over $3.5 billion in capital markets transactions, and managed more than 335 million square feet of real estate. The Corporate Solutions division supports more than 22,000 locations for Fortune 1,000 companies and delivers a new location “Every 80 Minutes.” Colliers International is ranked as one of the 2009 World’s Top 100 outsourcing service providers by International Association of Outsourcing Professionals, IAOP Top 100. For more information about Colliers International, a worldwide affiliation of independently owned and operated companies, visit www.colliers.com.
About Colliers International
Colliers International is a global affiliation of independently owned commercial real estate firms. The organization's 12,700 employees span the world in 294 offices in 61 countries. On a worldwide basis, Colliers manages 1.1 billion square feet, and has revenue of $US 1.6 billion.
Contact Information
Liz Murphy
410.752.4285
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