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RFP Realty Trust Snaps Up Columbia 100 Corporate Center

After 17 Years, JV Sells 86,000-SF, Class A Office Bldg.
February 23, 2018
Northeast commercial and residential real estate investor RFP Realty Trust has purchased the Columbia 100 Corporate Center in Columbia, MD from JPB Partners, Holland Development and Helmsman Property Services for $16.675 million, or about $194 per square foot.

Columbia 100 Corporate Center is an 85,798-square-foot, four-story, Class A office building developed by JPB in 2001 at 8820 Columbia 100 Pky.

Currently 94.4 leased, the building is home to 11 tenants including American Radiology Services, Nu Look Home Designs, EMC Corp. and JPB.

Commenting on the sale, Mike Kalinock of JPB noted that after 17 years, the company felt "the time was right to harvest our returns and pursue new opportunities."

Jonathan Carpenter and Graham Save of Cushman & Wakefield's capital markets team in Baltimore represented the selling venture in negotiations. Doug Brinkley and Andy Posil, also of Cushman & Wakefield Baltimore, brokered the deal for RFP Realty Trust.

“This strategically located, well-parked, and modern office building will provide long term durable cash flow to the new owner, said Carpenter. “We are seeing a pickup in investor interest in well located suburban office in the region.”

Cushman & Wakefield has been retained by the new owner to handle leasing at Columbia 100 Corporate Center.

For more information on the transaction, please see CoStar Comp #4133959.
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