Wells Fargo has tapped Transwestern to sell Metro Plex, two industrial buildings in Landover, Maryland. The sale includes 293,108 square feet and a 3.65-acre development pad. The scheme is at the interchange of Route 50 and the Capital Beltway, which includes Interstates 95 and 495. Mark Glagola, Senior Managing Director of Transwestern’s Mid-Atlantic Capital Markets Group, is the lead listing agent for the property.
“This is an excellent value-add investment in Washington, D.C., near a Metro station with significant development potential for a mixed-use product,” said Glagola. “Properties near Metro stations have outperformed others in the market, and the growing supply of housing and retail amenities surrounding the New Carrollton Metro Station is transforming the area.”
