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Lowe Enterprises Acquires Maryland Office Building

MarketWatch

Lowe Enterprises Investors ("LEI") has acquired an 86,000-square-foot office building in Montgomery County, Maryland, a major Washington, DC area submarket, on behalf of a pension fund client. The five-story property located at 11141 Georgia Avenue, in Wheaton, Maryland, is 73 percent leased. "The building is well-located and positioned to benefit from the strengthening market," said Bleecker Seaman, CEO of Lowe Enterprises Investors. "We are currently reviewing plans for improvements to the building."