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Nave Communications Sells Industrial Bldg. in Jessup

NAI KLNB Brokers Deal for Sale Leaseback
By Tracey Horstmann
December 2, 2013 | 6:25 P.M.

Nave Communications Co., a re-use telecommunication networking equipment company, sold its industrial building at 8215 Dorsey Run Rd. in Jessup, MD, to San Francisco-based Terreno Realty Corp. in a sale leaseback deal for $6 million. The stabilized cap rate is estimated to be at 6.7%.

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