April 3, 2020
KLNB closed the sale of Rivers Corporate Centre in Columbia, MD for $7,400,000, or $173 per rentable square foot. Craig Morrell, Brad Berzins and Don Schline of KLNB’s Investment Sales Team represented the seller, KC Rivers Development, LLC, and procured the buyer, an entity controlled by Reliable Real Estate Services.
Strategically located at the MD Route 29 and MD Route 32 interchange, the 42,860-square-foot Rivers Corporate Centre provides ease of access to major throughways and is in close proximity to a variety of retail. It was 100% leased at the time of sale.
“Rivers Corporate Centre is a well-positioned asset with a stable tenant base,” said Morrell. “We are thrilled to have helped make this deal happen.”
“We’re looking forward to continuing to grow our portfolio throughout the state and in Howard County with this acquisition,” said Jay Baldwin, president of Reliable Real Estate Services.
For comments, questions or concerns, please contact Paul Bubny