{"id":1004126971,"date":"2015-09-07T03:55:40","date_gmt":"2015-09-07T11:55:40","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=360142"},"modified":"2020-04-05T23:56:43","modified_gmt":"2020-04-06T07:56:43","slug":"cohen-equities-expands-in-prince-georges-county","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/cohen-equities-expands-in-prince-georges-county\/","title":{"rendered":"Cohen Equities Expands in Prince George\u2019s County"},"content":{"rendered":"

By Adrian Maties, Associate Editor<\/em><\/p>\n

Today\u2019s Greater Washington office deal comes from Hyattsville, where New York-based Cohen Equities<\/a> purchased Prince George\u2019s Metro Center IV at\u00a0University Town Center for an undisclosed price.<\/p>\n

Transwestern<\/a> brokered the sale and announced it on Thursday, September 3. Mark Glagola, managing director of the commercial real estate firm\u2019s Mid-Atlantic Capital Markets Group, negotiated the deal on behalf of the seller, which remained unnamed.<\/p>\n

According to PropertyShark<\/a>, PGMC IV LLC was the previous owner of Metro Center IV. The real estate website also indicates that the current market value of the Hyattsville property is about $42.2 million. The 174,000-square-foot office building was completed in 2003, at 3311 Toledo Road. At the time of the sale, the asset was 60 percent leased to the Centers for Disease Control and Prevention\u2019s National Center for Health Statistics.<\/p>\n

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