{"id":1004371304,"date":"2019-11-26T06:24:04","date_gmt":"2019-11-26T14:24:04","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004371304"},"modified":"2021-05-15T05:52:48","modified_gmt":"2021-05-15T13:52:48","slug":"office-reit-sells-maryland-portfolio-for-62m","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/office-reit-sells-maryland-portfolio-for-62m\/","title":{"rendered":"Office REIT Sells Maryland Portfolio for $62M"},"content":{"rendered":"<div id=\"attachment_1004371310\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/11\/Woodmont-Office-CEnter-e1574716786581.png\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" aria-describedby=\"caption-attachment-1004371310\" data-attachment-id=\"1004371310\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/office-reit-sells-maryland-portfolio-for-62m\/woodmont-office-center\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/11\/Woodmont-Office-CEnter-e1574716786581.png\" data-orig-size=\"800,601\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Woodmont Office CEnter\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;1401 Rockville Pike. Image via Google Street View&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/11\/Woodmont-Office-CEnter-e1574716786581.png?w=800\" loading=\"lazy\" class=\"wp-image-1004371310 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/11\/Woodmont-Office-CEnter-e1574716775841.png\" alt=\"\" width=\"300\" height=\"225\"><\/a><p id=\"caption-attachment-1004371310\" class=\"wp-caption-text\">1401 Rockville Pike. <em>Image via Google Street View<\/em><\/p><\/div>\n<p>Office Properties Income Trust has sold three suburban Maryland office properties for $61.9 million, excluding any closing costs. The buyer was not disclosed.<\/p>\n<p>All three buildings are managed by The RMR Group, a Massachusetts-based alternative asset management company.<\/p>\n<hr>\n<p><strong>READ ALSO: <\/strong><a href=\"https:\/\/www.commercialsearch.com\/news\/top-5-office-markets-for-vacancy-rate-growth\/\">Top 5 Office Markets for Vacancy Growth<\/a><\/p>\n<hr>\n<p>Two of the properties are in the Woodlawn area of Baltimore, about 8 miles west of downtown, while the third office building is located in Rockville, Md., a town about 17 miles northwest of Washington, D.C. Earlier this month, DSC Partners <a href=\"https:\/\/www.commercialsearch.com\/news\/dsc-procures-138m-loan-for-maryland-portfolio\/\">landed a $138 million loan<\/a> for the acquisition of a 28-building office and industrial portfolio in Montgomery County, Md.<\/p>\n<p>Woodmont Office Center, located at 1401 Rockville Pike, is the largest of the three properties, at 190,044 square feet. Built in 1986, the Class B asset has 33,947-square-foot floor plates and is about 94 percent occupied. The six-story building houses government tenants and also includes 12,000 square feet of retail space. The property last changed hands in 1998, when OPI purchased the asset for $32 million from seller Highridge Partners, according to Yardi Matrix data.<\/p>\n<p>Located within Meadows Business Park in Woodlawn, Md., the four-story 6300 Security Blvd. was built in 1973 and totals 123,027 square feet. The Class B property was completely renovated in 1996 and is 100 percent occupied by government tenants. OPI purchased the building in 2011 for $19.7 million from seller Colony Capital.<\/p>\n<p>Just down the street and within the same business park is 6340 Security Blvd., a 59,534-square-foot Class B office property that is currently 19 percent occupied. Built in 1973, the two-story building last changed hands in 2011 for $7.8 million.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Two of the properties are in the Woodlawn area of Baltimore, while the third asset is in Rockville, about 17 miles northwest of Washington, D.C.<\/p>\n","protected":false},"author":745,"featured_media":1004371310,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1579,21743,11,21742,21747,1615],"tags":[44801,33461],"class_list":["post-1004371304","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-baltimore","category-deals","category-midatlantic","category-latest","category-office","category-washington-dc","tag-office-properties-income-trust","tag-the-rmr-group"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Office REIT Sells Maryland Portfolio for $62M - 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\/office-reit-sells-maryland-portfolio-for-62m\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Office REIT Sells Maryland Portfolio for $62M\" \/>\n<meta property=\"og:description\" content=\"Two of the properties are in the Woodlawn area of Baltimore, while the third asset is in Rockville, about 17 miles northwest of Washington, D.C.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/office-reit-sells-maryland-portfolio-for-62m\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2019-11-26T14:24:04+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-05-15T13:52:48+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/11\/Woodmont-Office-CEnter-e1574716786581.png\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"601\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Holly Dutton\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/office-reit-sells-maryland-portfolio-for-62m\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/office-reit-sells-maryland-portfolio-for-62m\/\",\"name\":\"Office REIT Sells Maryland Portfolio for $62M - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/office-reit-sells-maryland-portfolio-for-62m\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/office-reit-sells-maryland-portfolio-for-62m\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/11\/Woodmont-Office-CEnter-e1574716786581.png\",\"datePublished\":\"2019-11-26T14:24:04+00:00\",\"dateModified\":\"2021-05-15T13:52:48+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/9259ffaba4775229ae3556b9555e566d\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/office-reit-sells-maryland-portfolio-for-62m\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/office-reit-sells-maryland-portfolio-for-62m\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/office-reit-sells-maryland-portfolio-for-62m\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/11\/Woodmont-Office-CEnter-e1574716786581.png\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/11\/Woodmont-Office-CEnter-e1574716786581.png\",\"width\":800,\"height\":601,\"caption\":\"1401 Rockville Pike. Image via Google Street View\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/office-reit-sells-maryland-portfolio-for-62m\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Office REIT Sells Maryland Portfolio for $62M\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/9259ffaba4775229ae3556b9555e566d\",\"name\":\"Holly Dutton\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/Holly-D-Dutton-e1622041566670.png?w=75\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/Holly-D-Dutton-e1622041566670.png?w=75\",\"caption\":\"Holly Dutton\"},\"description\":\"Holly Dutton is a Senior Editor with Commercial Property Executive and Multi-Housing News. She joined CPE and MHN in 2018 and has reported on the real estate sector since 2012. She was previously with Real Estate Weekly and the Houston Chronicle. Connect with her on twitter: @HollyDutton\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/hollydutton\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Office REIT Sells Maryland Portfolio for $62M - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/office-reit-sells-maryland-portfolio-for-62m\/","og_locale":"en_US","og_type":"article","og_title":"Office REIT Sells Maryland Portfolio for $62M","og_description":"Two of the properties are in the Woodlawn area of Baltimore, while the third asset is in Rockville, about 17 miles northwest of Washington, D.C.","og_url":"https:\/\/www.commercialsearch.com\/news\/office-reit-sells-maryland-portfolio-for-62m\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2019-11-26T14:24:04+00:00","article_modified_time":"2021-05-15T13:52:48+00:00","og_image":[{"width":800,"height":601,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/11\/Woodmont-Office-CEnter-e1574716786581.png","type":"image\/png"}],"author":"Holly Dutton","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/office-reit-sells-maryland-portfolio-for-62m\/","url":"https:\/\/www.commercialsearch.com\/news\/office-reit-sells-maryland-portfolio-for-62m\/","name":"Office REIT Sells Maryland Portfolio for $62M - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/office-reit-sells-maryland-portfolio-for-62m\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/office-reit-sells-maryland-portfolio-for-62m\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/11\/Woodmont-Office-CEnter-e1574716786581.png","datePublished":"2019-11-26T14:24:04+00:00","dateModified":"2021-05-15T13:52:48+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/9259ffaba4775229ae3556b9555e566d"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/office-reit-sells-maryland-portfolio-for-62m\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/office-reit-sells-maryland-portfolio-for-62m\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/office-reit-sells-maryland-portfolio-for-62m\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/11\/Woodmont-Office-CEnter-e1574716786581.png","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/11\/Woodmont-Office-CEnter-e1574716786581.png","width":800,"height":601,"caption":"1401 Rockville Pike. Image via Google Street View"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/office-reit-sells-maryland-portfolio-for-62m\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Office REIT Sells Maryland Portfolio for $62M"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/9259ffaba4775229ae3556b9555e566d","name":"Holly Dutton","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/Holly-D-Dutton-e1622041566670.png?w=75","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/Holly-D-Dutton-e1622041566670.png?w=75","caption":"Holly Dutton"},"description":"Holly Dutton is a Senior Editor with Commercial Property Executive and Multi-Housing News. She joined CPE and MHN in 2018 and has reported on the real estate sector since 2012. She was previously with Real Estate Weekly and the Houston Chronicle. Connect with her on twitter: @HollyDutton","url":"https:\/\/www.commercialsearch.com\/news\/author\/hollydutton\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/11\/Woodmont-Office-CEnter-e1574716786581.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004371304","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/745"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004371304"}],"version-history":[{"count":6,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004371304\/revisions"}],"predecessor-version":[{"id":1004533572,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004371304\/revisions\/1004533572"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004371310"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004371304"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004371304"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004371304"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}