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SunCap Property Group Acquires, Will Redevelop 800 N. Frederick Ave. in Gaithersburg

Charlotte Firm to Convert Former IBM Data Center to Distribution Facility
By Christian Powell
July 12, 2016 | 4:58 P.M.

SunCap Property Group, a national commercial real estate development, investment and advisory firm based in Charlotte, NC, has acquired the former IBM data center at 800 N. Frederick Ave. in Gaithersburg, MD with plans to redevelop the facility as a distribution center.

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