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REGARDING LEASING,
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Stevens Forest Green
Columbia, MD 21045

Acquired

11/8/2011

Location

Stevens Forest Green is located on Stevens Forest Road at the Hillside Executive Park near the Route 29 Interchange and Broken Land Parkway. Access to Interstate 95 is less than three miles from the building. The central location within the Baltimore-Washington Corridor provides benefits from the economic momentum of both metropolitan areas.

Description

The property is an 84,000 SF, three-story Class-A suburban office building with an adjacent 342 space parking lot and on site deli. The property was built in 2002 and has a strong history of tenant retention. Stevens Forest Green is located in Columbia South — the most prominent of the Columbia submarkets — due to its central location and access to highways and public transportation. Its Route 29 interchange location along with the age/quality of the building offer an attractive quality/value alternative for tenants versus lower tier Class-B assets and newer higher cost Class-A buildings.

Investment Rationale

  • High-quality, relatively new Class-A asset in a great location in a high growth market.
  • Stable occupancy with stable cash flow through May 2015.
  • Cash flowing asset with upside potential.
  • Value add opportunity to lease up remaining space, re-lease existing tenants and reposition asset under new ownership.
  • Below replacement cost basis allows asset to be highly competitive from a rental rate perspective.

Fund Ownership

Fund VII

Map

For more information regarding properties for sale, please email us at sales@newbostonfund.com or call 1.866.DIAL.NBF