Maryland Corporate Center features mix of single-story and mid-rise office buildings
Lee & Associates Maryland has won a contract from Melrose Holdings, LLC to perform comprehensive asset management and leasing services for Maryland Corporate Center, a four-building, 224,000 square foot commercial office portfolio positioned within the Lanham section of Prince George’s County. Lee & Associates Senior Vice President Bill Harrison, Principal Kate Jordan and Associate Austin Eber will manage the marketing and leasing program, and Michelle Kimos, Director of Property Management, will oversee the asset management strategy.
The portfolio consists of 7404 Executive Place, a five-story, 77,000 square foot building; 7375 Executive Place, a four-story, 65,000 square foot project; 7401 Forbes Boulevard, a single-story, 31,000 square foot building and 7501 Forbes Boulevard, a two-story, 51,000 square foot project. Located adjacent to MD Route 193 (Greenbelt Road), the complex is approximately four miles from the Capital Beltway (Interstate 495) and MD Route 295, as well as less than twenty miles from the Washington, D.C. core. The New Carrollton metro station is within close proximity.
“The growing trend among real estate owners and investors is to engage with a company that offers a full suite of complementary services, and is staffed by professionals with intimate knowledge of the region,” stated Allan Riorda, Principal and President of Lee & Associates. “From a leasing and asset management perspective, our team provides significantly more than superior service and attention to detail. We focus intently on achieving long-term value for the owner by attracting the ideal tenant mix, and integrating asset management strategies with an emphasis on building efficiency and direct cost-savings.”
Approximately 57% of the office space is currently available within the four-building portfolio.
“These buildings are multi-functional as well as ideally suited for medical and healthcare end-users and government contractors,” stated Bill Harrison of Lee & Associates. “With large blocks of space immediately available, there exists opportunity for companies to establish a large operation in the Lanham sub-market, as well as to expand an existing presence. The free-parking and close proximity to numerous transportation options adds to the attractiveness of the portfolio.”
About Lee & Associates
Celebrating more than 37 years of leadership excellence in commercial real estate, Lee & Associates is the largest broker-owned firm in North America with locations across the U.S. and Canada including Arizona, California, Colorado, Florida, Georgia, Idaho, Illinois, Indiana, Maryland, Michigan, Minnesota, Missouri, Nevada, New Jersey, New York, Ohio, Pennsylvania, South Carolina, Texas, Vancouver BC, Washington and Wisconsin. With almost 900 brokers, Lee & Associates provides a wide range of specialized commercial real estate services on a local, regional, national and international level. For the latest news from Lee & Associates, visit lee-associates.com or follow us on Facebook, LinkedIn and Twitter.
