DSC Partners pays $149m for 1.3 million sq ft office portfolio
DSC Partners has paid $149m for a 1.3 million sq ft portfolio in Montgomery County, Maryland. The portfolio is a combination of 28 single and multi-story office and flex properties in the MetroPark North, WesTech and Meadows business parks in Rockville and Silver Spring. Major tenants include the US government, MedStar Health, Children’s Hospital, Adventist Health Care, Intelligent Automation, Aetna, Netcom Technologies and Dealeron. DSC Partners has tapped Transwestern as property manager for the entire portfolio.
“DSC’s team has vast experience in the Montgomery County market, and we are pleased to add these terrific properties to our portfolio,” said Doug Donatelli, co-founder and partner of DSC. “The suburban Washington real estate market has been strengthening significantly recently, and these properties are in areas that are being bolstered by the rapidly growing biotech and medical sectors.”