November Sale and Lease Highlights

Deals & Transactions

November 2015 was a busy time for commercial real estate!

Below are some sale and lease highlights from November, courtesy of the Howard and Prince George’s Newsletters.

…As CS Realty Investments II LLC, long-time Crofton corporate resident Caruso Homes paid $2.03 million for 2120 Baldwin Avenue. Essex Bank had come into possession of the two-story building when it bought Suburban Federal Savings Bank. With 14,000 feet above ground, a finished basement adds another 9,000 square feet for a total of over 23,000 feet. Barbara Richman Kahn of NAI Michael represented Caruso, while Michael Isen and Michael DiMeglio of the same firm represented Essex Bank.

…Once a Safeway grocery store, a District Heights building has been bought by St. Matthews Church. The D.C.- based church bought the building for $3.9 million recently, from seller Masters Child Church. Just under 20,000 square feet, the church’s new home is located at Brooks Drive and Marlboro Pike. Barbara Richman Kahn, Mike Isen and Mike DiMeglio of NAI Michael brokered the transaction.

…Lantern Therapeutics will be newly practicing its curative powers in Landover, as the firm leased 2,748 square feet at 8200 Professional Place. Omar McKeithan of NAI Michael brought the tenant, and Rob Pugh of Edge Commercial repped the landlord.

Courtesy of Howard and Prince George’s Newsletters. For more information or to subscribe, please visit www.marylandnewsletters.com

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