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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Sale of TFG 300 Riverpark Drive REIT LLC

Sale of TFG 300 Riverpark Drive REIT LLC

November 30, 2017

Tritower Financial Group has completed a swift turnaround of a high-end warehouse here leased fully to Amazon Robotics, that aspect of an extensive capital improvements campaign leading to 300 Riverpark Dr.’s $45.1 million purchase by overseas investors teamed with Lincoln Property Group.

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