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Fidelity Building Services Group Sells Facility at Loveton Business Center for $9.2 Million

CIM Group LP Buys Flex Building in Sparks, Maryland, in Sale-Leaseback Deal
The 52,535-square-foot building at Loveton Business Center in Sparks, Maryland, was built in 1980 and renovated in 2005. (JLL)
The 52,535-square-foot building at Loveton Business Center in Sparks, Maryland, was built in 1980 and renovated in 2005. (JLL)
By Mark Iovanisci
CoStar Research
January 13, 2020 | 10:15 P.M.

Fidelity Building Services Group has sold a flex building at Loveton Business Center in Sparks, Maryland, to CIM Group LP, an owner, operator, lender and developer headquartered in Los Angeles, for $9.2 million, or about $175 per square foot.

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