{"id":1004230768,"date":"2018-05-18T01:56:18","date_gmt":"2018-05-18T09:56:18","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004230768"},"modified":"2022-12-08T18:52:00","modified_gmt":"2022-12-09T02:52:00","slug":"greenfield-partners-sells-baltimore-area-office-flex-asset","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/greenfield-partners-sells-baltimore-area-office-flex-asset\/","title":{"rendered":"Greenfield Partners Sells Baltimore-Area Office\/Flex Asset"},"content":{"rendered":"<p>By Beata Lorincz<\/p>\n<div id=\"attachment_1004230770\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/IMG-1560-002-e1526632444529.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004230770\" data-attachment-id=\"1004230770\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/greenfield-partners-sells-baltimore-area-office-flex-asset\/img-1560-002\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/IMG-1560-002-e1526632444529.jpg\" data-orig-size=\"4032,3024\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;1.8&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;iPad Pro (10.5-inch)&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1526388558&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;3.99&quot;,&quot;iso&quot;:&quot;20&quot;,&quot;shutter_speed&quot;:&quot;0.00075187969924812&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"9740 Patuxent Woods Drive in Columbia, Md.\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;9740 Patuxent Woods Drive in Columbia, Md.&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/IMG-1560-002-e1526632444529.jpg?w=1024\" class=\"wp-image-1004230770 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/IMG-1560-002-e1526632444529.jpg\" alt=\"\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/IMG-1560-002-e1526632444529.jpg 4032w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/IMG-1560-002-e1526632444529.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/IMG-1560-002-e1526632444529.jpg?resize=768,576 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/IMG-1560-002-e1526632444529.jpg?resize=1024,768 1024w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/IMG-1560-002-e1526632444529.jpg?resize=1536,1152 1536w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/IMG-1560-002-e1526632444529.jpg?resize=2048,1536 2048w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/IMG-1560-002-e1526632444529.jpg?resize=150,113 150w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/IMG-1560-002-e1526632444529.jpg?resize=696,522 696w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/IMG-1560-002-e1526632444529.jpg?resize=1068,801 1068w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/IMG-1560-002-e1526632444529.jpg?resize=1920,1440 1920w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/IMG-1560-002-e1526632444529.jpg?resize=560,420 560w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/IMG-1560-002-e1526632444529.jpg?resize=80,60 80w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/IMG-1560-002-e1526632444529.jpg?resize=265,198 265w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004230770\" class=\"wp-caption-text\">9740 Patuxent Woods Drive in Columbia, Md.<\/p><\/div>\n<p>American Wood Fibers (AWF) has purchased a 38,000-square-foot, Class B property in Columbia, Howard County, Md., from Greenfield Partners. Lee &amp; Associates Maryland brokered the $5 million deal on behalf of the buyer.<\/p>\n<p>The facility is located at 9740 Patuxent Woods Drive, within a 25-minute drive southwest of downtown Baltimore. The site is adjacent to Route 32 and near Interstate 95, while Baltimore\/Washington International Thurgood Marshall Airport is a 17-minute drive away.<\/p>\n<p>AWF occupies roughly 84 percent of the office\/flex property and is marketing the remaining 6,000 square feet for lease. The single-story brick and glass building, constructed in 1986, is surrounded by an outdoor parking lot.<\/p>\n<p><em>\u201cThe amount of space utilized by the company is extremely stable, so they have confidence that 9740 Patuxent Road can support their real estate needs for the long term,\u201d<\/em> said Allan Riorda of Lee &amp; Associates, in a prepared statement. <em>\u201cThe building remains in excellent condition and no physical improvements are needed in the foreseeable future.\u201d<\/em><\/p>\n<p>Earlier this year, Greenfield Partners <a href=\"https:\/\/www.commercialsearch.com\/news\/cushman-wakefield-arranges-600-ksf-industrial-sale\/\">sold an industrial asset for $59.6 million<\/a>\u00a0in Lakeland, Fla. The\u00a0CenterState Logistics Center comprises 605,412 square feet of Class A space.<\/p>\n<p><em>Image courtesy of\u00a0Lee &amp; Associates<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Class B facility located in Columbia, Md., traded for $5 million. The new owner occupies roughly 84 percent of the property.<\/p>\n","protected":false},"author":739,"featured_media":1004230770,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1579,21743,21783,21752,21742,10],"tags":[36212,32762],"class_list":["post-1004230768","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-baltimore","category-deals","category-investment","category-mixed-use","category-latest","category-northeast","tag-greenfield-partners","tag-lee-associates"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Greenfield Partners Sells Baltimore-Area Office\/Flex Asset - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/greenfield-partners-sells-baltimore-area-office-flex-asset\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Greenfield Partners Sells Baltimore-Area Office\/Flex Asset\" \/>\n<meta property=\"og:description\" content=\"The Class B facility located in Columbia, Md., traded for $5 million. 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