Login

Invesco Acquires Properties in Steeplechase 95 International Business Park

355,295 SF Purchased from Atapco in Multi-Property Sale
By Sherryl T Jackson
May 26, 2015 | 8:55 P.M.

Invesco, a global investment firm, acquired four of the ten properties within the Steeplechase 95 International Business Park from real estate developer Atapco for slightly less than $32 million. Located in Capitol Heights, MD, the acquisition adds 355,295 square feet of industrial space to the company's already vast portfolio. The properties are located at 9200 and 9260 Alaking Court, a total 87,288 square feet, and 1200 Hampton Blvd., totaling 175,854 square feet. 1200 Hampton Blvd. has already been leased to tenant, Rexel Holdings USA, while the industrial buildings on Alaking Court are currently vacant and on the market for lease. Internal representation was provided by Ron Miller of Invesco Advisors, while Mark Glagola of Transwestern represented Atapco in this transaction. Steeplechase 95, which was recently completed earlier this year, is located directly off the Capital Beltway in an Enterprise Tax Zone and houses anchor tenants such as Chick-fil-A, Verizon, Subway, WaWa and Chiplote. Please see CoStar COMPS #3289796 for more information on this transaction.

This news story is available exclusively to CoStar subscribers.

Watch the video to learn how you can access industry leading CRE news and the data analytics you need to drive success.

This news story is available exclusively to CoStar subscribers.

Ready to Learn More?

Sign Up For a Personalized Demo.

Sign Up For a Demo To Learn More.

Already A Subscriber? Sign In

IN THIS ARTICLE