Westech Business Park

Silver Spring, Maryland

Property Overview

  • Excellent transportation access via Route 29, the Capital Beltway (I-495/I-95) and the InterCounty Connector (ICC)
  • Daily on-site shuttle service for tenants to Silver Spring Metro Station and Downtown Silver Spring
  • Westech Village Center and Orchard Shopping Center are neighborhood amenities in close proximity to Westech

Acquisition Details

  • Acquired 8 properties as a part of a 28-building portfolio in October 2019 for an allocated $35.4M
  • 8 buildings totaling 272,000 SF

Execution

  • Sold in three separate transactions between February and September 2022 totaling $55.9M
  • Executed new key leases with EagleBank and Capital Digestive Care and renewed several tenants
  • $20.5M gain over 3-year hold period
  • Capital Digestive Care’s new 22,000 square foot, state-of-the-art laboratory at Garrett II was the first GI specialty practice in the United States to be awarded the Roche Diagnostics Center of Excellence!

Property Size: 272,000 SF

Details

Location

Westech Business Park
Silver Spring, Maryland

About DSC Partners

DSC Partners LLC is a real estate investment and development company that creates value through acquisition and enhancement of commercial properties in dynamic markets.

Founded by long-time DC real estate veterans Douglas J. Donatelli and Nicholas R. Smith, the company’s integrated approach to real estate investment optimizes long-term, risk-adjusted returns.

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Our Location

Norfolk Commerce Center77 Upper Rock