Washington Metropolitan Area Transit Authority Pays $12.9 Million for Lanham Flex Building

May 9, 2016
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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.

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.

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