Commercial Observer Rock Creek Property Group has paid $22 million, or $181.82/sf, for three office buildings totaling 121,000 square feet in the Clover Leaf business park in Germantown, Md. The Washington, D.C., company plans on converting the buildings, at 20420, ...
Pantzer has renamed the property the Point at Germantown Station.
85 percent leased.
95 percent occpuied. The purchase was financed in part by the Montgomery County Department of Housing and Community Affairs. Existing debt was also assumed.