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Cambridge Announces Staff Promotions: Randy S. Jaegle and Andrew J. Czekaj, III

Washington Metropolitan Area Transit Authority (WMATA) has picked up a new distribution and office building […]

LANHAM, MD - Cambridge Property Group LLC has sold a 142,810-square-foot flex building located at 10201 Good Luck Road in Lanham, a city roughly 13 miles outside of Washington, D.C. The Washington Metropolitan Area Transit Authority purchased the property for approximately $12.9 million. Cambridge Property Group developed the office and distribution building in 2005 as a build-to-suit for the General Services Administration on behalf of a tenant client, which occupied the property continuously until December 2015.

The Washington Metropolitan Area Transit Authority (WMATA) acquired a 142,810-square-foot flex building in Lanham, MD from developer Cambridge Property Group for $12.852 million or about $90 per square foot. The building delivered in 2005 at 10201 Good Luck Road as a build-to-suit for the Federal Aviation Administration, which vacated the complex in December.

Cambridge Property Group LLC is pleased to announce the sale of a 142,810 square foot, Class A, flex building located at 10201 Good Luck Road, Lanham, Maryland on behalf of its clients, CA/Development Associates, LLC. This state of the art distribution and office building, was sold to the Washington Metropolitan Area Transit Authority (WMATA). Cambridge's William B. Czekaj, Ingo Mayr and Benjamin R. Eldridge, Jr. negotiated the transaction on behalf of CA/Development Associates, LLC.

Cambridge Property Group LLC is pleased to announce the sale of a 142,810 square foot, Class A, flex building located at 10201 Good Luck Road, Lanham, Maryland on behalf of its clients, CA/Development Associates, LLC. This state of the art distribution and office building, was sold to the Washington Metropolitan Area Transit Authority (WMATA). Cambridge's William B. Czekaj, Ingo Mayr and Benjamin R. Eldridge, Jr. negotiated the transaction on behalf of CA/Development Associates, LLC.

On behalf of Galaxy Atrium, LLC, we are pleased to announce the acquisition of Atrium at Worldgate.

The four-story building sits in a dense office area, mere minutes from Dulles International Airport and adjacent to the future Herndon Metro Station. Herndon, VA - The Cambridge Property Group recently announced that it has successfully represented a Galaxy Atrium LLC during the purchase of the Atrium at Worldgate, a 129,368-square-foot Class A office building. The office currently has 31,624 square feet available for lease, which brings the occupancy to 75.5 percent.