Rosenthal Properties acquires two Largo, MD flex properties

An investment group led by Rosenthal Properties has picked up two flex properties totaling 156,393 square feet in Largo, Maryland for $16.5 million. Located at 1220 and 1221 Caraway Court, the portfolio is adjacent to one of the sites that is strongly favored as the new FBI headquarters and part of a business park that is soon to be home to Prince George’s County executive headquarters and Prince George’s Regional Medical Center. Transwestern represented the seller Atapco Properties in the disposition of the asset, Inglewood Business Center.

“Inglewood Business Center presented a compelling investment opportunity with market-changing developments at nearby properties including the new Prince George’s Hospital Center,” said Transwestern’s Senior Managing Director Mark Glagola. “The leasing team has done a tremendous job in stabilizing this property with solid tenants, but there is still upside potential through leasing the remaining vacancy and market rent growth.”