July 10, 2020
Avison Young has brokered the $16.9 million sale of Woodmere I & II, a two-building office complex in Columbia, MD. John Kevill and Matt Weber of Avison Young represented the seller, DWS, in the transaction. The buyer was not disclosed.
Located at 9881 and 9891 Broken Land Parkway, the property consists of 124,129 total square feet across two buildings. The property is currently 89% leased to regional and national credit tenants, including State Farm Insurance, Applied Network Solutions and Fidelity National Title.
“This trade shows that assets with a demonstrated history of retaining tenants are still in demand in this turbulent environment. The quality and location of Woodmere I and II ensures that they will continue to provide value to the ownership over the long term,” said Kevill.
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