{"id":1004715852,"date":"2024-06-04T04:02:50","date_gmt":"2024-06-04T12:02:50","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004715852"},"modified":"2024-06-04T05:37:47","modified_gmt":"2024-06-04T13:37:47","slug":"dsc-partners-jv-pays-86m-for-dc-portfolio","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/dsc-partners-jv-pays-86m-for-dc-portfolio\/","title":{"rendered":"DSC Partners JV Wraps $86M Suburban DC Buy"},"content":{"rendered":"\n<p><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignright size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"448\" height=\"336\" data-attachment-id=\"1004715854\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/4260-forbes-blvd-image-courtesy-of-dsc-partners-2\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/06\/4260-Forbes-Blvd.-Image-courtesy-of-DSC-Partners-edited.jpg\" data-orig-size=\"448,336\" 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;1&quot;}\" data-image-title=\"4260 Forbes Blvd. Image courtesy of DSC Partners\" data-image-description=\"&lt;p&gt;4260 Forbes Blvd.&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;The property at 4260 Forbes Blvd. is part of the Beco Park at Forbes Center. Image courtesy of DSC Partners&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/06\/4260-Forbes-Blvd.-Image-courtesy-of-DSC-Partners-edited.jpg?w=448\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/06\/4260-Forbes-Blvd.-Image-courtesy-of-DSC-Partners-edited.jpg\" alt=\"4260 Forbes Blvd.\" class=\"wp-image-1004715854\" style=\"width:400px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/06\/4260-Forbes-Blvd.-Image-courtesy-of-DSC-Partners-edited.jpg 448w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/06\/4260-Forbes-Blvd.-Image-courtesy-of-DSC-Partners-edited.jpg?resize=300,225 300w\" sizes=\"auto, (max-width: 448px) 100vw, 448px\" \/><figcaption class=\"wp-element-caption\">The property at 4260 Forbes Blvd. is part of the Beco Park at Forbes Center. <em>Image courtesy of DSC Partners<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>DSC Partners, in a joint venture with Harbert Management Corp., has acquired Forbes Center, a 785,000-square-foot portfolio in Lanham, Md. The 17-building collection includes industrial, flex and office assets that sold for a total of $86.4 million.<\/p>\n\n\n\n<p>The tenant mix at Forbes Center includes local distribution, government contractors and medical providers, as well as local and national service providers.<\/p>\n\n\n\n<p>Going forward, Transwestern will provide property management services. In addition, the KLNB team of Principals Robert Pugh and Ken Fellows, alongside Transaction Manager Keiry Martinez and Office &amp; Industrial Specialist Aaron Carroll, will handle leasing.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-a-flex-office-and-industrial-portfolio-near-washington-d-c\">A flex, office and industrial portfolio near Washington, D.C.<\/h2>\n\n\n\n<p>The largest property in the Forbes Center portfolio is Beco Park, a campus featuring flex, office and industrial buildings totaling some 650,000 square feet. Its previous owner was BECO Management, according to CommercialEdge information. <\/p>\n\n\n\n<p>The buildings came online between 1983 and 2000 and feature floorplates ranging between 22,642 and 54,692 square feet. The complex has controlled access, a fitness center, a conference center and ample parking. Its tenant roster includes Applied Industrial Technologies, Bota Consulting Engineers, Maryland Community Connection, Lladner Business Solutions and Mental Matters Clinical Services, among others.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-cyan-bluish-gray-color has-alpha-channel-opacity has-cyan-bluish-gray-background-color has-background is-style-wide\"\/>\n\n\n\n<p><strong>READ ALSO:<\/strong> <a href=\"https:\/\/www.commercialsearch.com\/news\/broker-series-getting-into-the-heads-of-tenants\/\">Getting Into the Heads of Tenants<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-cyan-bluish-gray-color has-alpha-channel-opacity has-cyan-bluish-gray-background-color has-background is-style-wide\"\/>\n\n\n\n<p>Beco Park at Forbes Center is just north of U.S. Route 50 and has access to Interstate 495. Downtown Washington, D.C., is less than 13 miles away.<\/p>\n\n\n\n<p>Since its inception in 2017, DSC Partners has acquired and developed more than $600 million worth of commercial real estate properties in the Mid-Atlantic area, in markets located in Washington D.C., Maryland and Virginia.<\/p>\n\n\n\n<p>One of DSC&#8217;s developments is Deepwater Industrial Park, a three-building campus encompassing nearly 1.5 million square feet in Richmond, Va. The firm <a href=\"https:\/\/www.commercialsearch.com\/news\/dsc-partners-hourigan-break-ground-on-major-richmond-project\/\">broke ground on the 110-acre project<\/a> in 2021, in partnership with Hourigan, and completed it last year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>This portfolio includes industrial, office and flex properties.<\/p>\n","protected":false},"author":2829,"featured_media":1004715854,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21748,21783,11,21742,21747,1615],"tags":[37400,34016,35579,33313],"class_list":["post-1004715852","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industrial","category-investment","category-midatlantic","category-latest","category-office","category-washington-dc","tag-dsc-partners","tag-harbert-management-corporation","tag-klnb","tag-transwestern"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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