Gaithersburg Office Building Sells For $8.2 Million, $4.2 Million Less Than it Sold For in 2013

Bethesda-based The Premier Cos. recently acquired the Montgomery Executive Center property from PMRG for $8.2 million, according to BisNow (per Maryland land records). This transaction equates to $66 per square foot. PMRG owned the six-story Montgomery County property, which was constructed in 1983, for over a decade. The company originally purchased it for $12.4 million in 2013, making this month’s sale 33.8% lower than the previous purchase price.

Story continues

TRENDING NOW

LATEST LOCAL NEWS