Mack-Cali Sells DC-Area Office Asset
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4200 Parliament Place, Lanham, Md.
Lanham, Md.—Chesapeake Real Estate Group and Thompson Creek Window Co. recently announced the acquisition of a Class A office building in Lanham, Md., and an adjoining land parcel suitable for the development of an additional commercial building. The 122,000-square-foot asset was sold by Mack-Cali for $6.3 million. The partnership intends to design and obtain permits for the development of an additional Class A, 120,000-square-foot commercial building on the adjacent land parcel.
At the time of the transaction, the property was 33 percent occupied. Thompson Creek intends to relocate its corporate headquarters to the building, increasing its occupancy to approximately 48 percent. In June 2016, the company moved into its new manufacturing facility in Upper Marlboro…
