06.07.05::FDA Sold for $21.1M

Cambridge structured the disposition of the FDA building, on behalf of Riverdale FDA LLC .  The project was sold for a total consideration of $21,100,000 to Government Properties Trust.  The three-story property consists of 81,702 gross square feet, with a net rentable area of 78,979 square feet.  The building was 81% leased to the United States Government for an FDA Laboratory.   The property is located in University Station, across the street from the College Park Metro and MARC stations, and approximately three miles from the Capital Beltway.  The site is adjacent to a 410,000 s.f. federally-owned building also housing the FDA, and a 150,000 s.f. building leased to the US Department of Agriculture.

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