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Tyler-Donegan Assists Ruppert Properties in Acquiring 111,000 SF Complex 06-21-2011
Tyler-Donegan Assists Ruppert Properties in Acquiring 111,000 SF Complex
 
For Immediate Release
Media Contact: Brian Duncan
Phone: 240.367.6490 or 301.668.5621
E-Mail: brian@tylerco.com
 
Date: June 21, 2011

Press Release

For Immediate Release

REF: Tyler – Donegan Real Estate Services Represents Ruppert Properties in Acquiring 111,000 Square Foot Complex

Westminster, Maryland - Gateway West, an 111,000 square foot, four building, Class A flex complex located in Westminster, MD was sold by First Potomac Realty Trust to Airpark Square LLC.
The property is now called Airpark Square and is well located just north of Westminster at the entrance to the Carroll County Airport. Current tenants include the Social Security Administration, SAIC and Sheppard Pratt Health Systems. Other prominent tenants in the area include General Dynamics Robotics Systems and Knorr Brake Corporation.
“We see these institutionally owned and maintained properties as an exceptional value-add investment opportunity," said Bill Meissner, President of Ruppert Properties.
Meissner said the ability to purchase the property at below market value will allow Ruppert Properties to offer competitive lease rates.
“Having achieved all of their investment objectives, this sale transaction will enable the seller to redeploy their financial resources into additional acquisitions in the region,” commented Chad Tyler of Tyler-Donegan. “Airpark Square additionally
provides the new owners with significant upside potential. This was definitely a win-win
transaction.”
Tyler-Donegan exclusively represented the purchasers and First Potomac represented itself.
Contact: Chad Tyler (301) 831-8575 or chad@tylerco.com
Joe Donegan (301) 370-3612 or joe@tylerco.com
Jeff Cahall (301) 831-8575

Tyler-Donegan Real Estate Services
3280 Urbana Pike, Suite 207
Ijamsville, Maryland 21754
www.tylerco.com
 
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