Sale of 25, 35 & 45 West Watkins Mill Road, Gaithersburg, MD

Sale of 25, 35 & 45 West Watkins Mill Road, Gaithersburg, MD

August 21, 2019

A trio of Gaithersburg buildings with a heavy biotech tenant roster has sold for $53.25 million.

Pasadena, California real estate investment trust Alexandria Real Estate Equities Inc. (NYSE: ARE) bought the buildings in September from Boston’s Tritower Financial Group, which had purchased them just three years prior for $29.4 million, according to Montgomery County land records. The sale only became public in recent weeks.

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