First Potomac Realty Trust has bought two fully occupied office buildings in Columbia for $16.1 million, commercial real estate firm Cassidy Turley said Tuesday.
Hillside Center I and II on Hillside Court, leased to government contractor BAE Systems and other tenants, was sold by Corinthian Realty Partners. The two-building complex has a total of 86,000 square feet.
The sale is the second in Columbia in the last two weeks for Cassidy Turley, which also helped arrange the $13.6 million sale of Stevens Forest Green, an 82,400-square-foot office building that New Boston Fund bought earlier this month.
Office properties in the Baltimore-Washington corridor have been attractive to institutional real estate investors because of the growth in the defense and cybersecurity industries, said Cassidy Turley's Jon Carpenter.Copyright © 2015, CT Now