Acquisitions

Knowledge Farms

Urbana, MD

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Details

Asset Class:

Office/R&D

Size:

Phase 1: 36,000 sq. ft.
Phase 2: 27 acres of future development

JPB acquired an interest in Knowledge Farms based on the proximity between Frederick and Washington DC. At time of acquisition, the project consisted of a stabilized 36,000 square foot office building and 27 acres of developable land. As the market continues to gain velocity, JPB and its partners plan to develop the remaining land in concert with the recent development in the Urbana marketplace.