{"id":9367,"date":"2017-05-16T11:41:55","date_gmt":"2017-05-16T11:41:55","guid":{"rendered":"https:\/\/www.commercialcafe.com\/blog\/?p=9367"},"modified":"2025-07-22T15:22:33","modified_gmt":"2025-07-22T12:22:33","slug":"avison-young-sell-greater-dc-office-park","status":"publish","type":"post","link":"https:\/\/www.commercialcafe.com\/blog\/avison-young-sell-greater-dc-office-park\/","title":{"rendered":"Avison Young to Sell Greater DC Office Park… Again"},"content":{"rendered":"

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Avison Young has been retained by ACS Edmonston Investment as exclusive advisor in the sale of its four-building office park located in the Greater DC office market<\/a> of Beltsville, Md<\/a>.<\/p>\n

Back in March, Avison Young represented Brandywine Realty Trust in the successful sale of Calverton Office Park<\/a> to ACS. The new owner now retains the same broker<\/a> and is looking to sell the buildings separately in order to maximize returns.<\/p>\n

The Park, made up of three office buildings and a daycare center, encompasses 307,000 square feet of Class B Beltsville, MD office space<\/a> that come with a parking ratio averaging 3\/1,000 square feet.<\/p>\n

\"CalvertonCalverton I<\/span><\/a><\/div>
\"CalvertonCalverton II<\/span><\/a><\/div>
\"CalvertonCalverton III<\/span><\/a><\/div><\/div>
<\/span><\/span><\/div>
<\/div><\/div><\/div>images courtesy of Yardi Matrix<\/em><\/p>\n

Avison Young\u00a0Principals Chip Ryan, Jim Kornick and Niel Beggy are overseeing the sale and it seems to be going very well so far. Calverton III<\/a> was already sold and two other buildings are under contract<\/a>. The 10-story, 129,000-square-foot office building located at 11720 Beltsville Drive was purchased by Shaw Real Estate, for an undisclosed price.<\/p>\n

Calverton I at 11700 Beltsville Drive and Calverton IV at 11740 Beltsville Drive are under contract.<\/p>\n