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New FDA Building Sells in College Park

Government Properties Trust Acquires Building
By Kevin Messett
October 25, 2004 | 7:56 P.M.

Government Properties Trust, Inc. purchased The FDA at Riverside, located at 4300 River Road in College Park, MD, from Riverdale FDA, LLC. Total consideration for the deal was $22.3 million, or approximately $273 per square foot, plus a contingent payment of $1.2 million, payable on satisfaction of certain conditions related to leasing vacant space in the building.

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