A local senior care management company acquired the Humane Society of the United States (HSUS)’ office building at 700 Professional Drive in Gaithersburg. The 67,808 square foot building was traded for $10 million. The new owner plans to occupy the first floor of the property itself. Sophie Tsai, Vice President for CapStar Commercial Realty represented the buyer, and Savills represented HSUS in this sales transaction.
The two-story building on an 8.9-acre site was formerly owned and occupied by the Humane Society of the United States. It is located along the I-270 Life Sciences corridor at the recently completed Watkins Mill Interchange, where several multi-family and life sciences offices are under construction or planning pipelines.
“I sensed that my client, an occupier, was competing with investors and developers, who wanted to turn the property to life science, mixed-use, or multi-family. I am glad that we ultimately won the bid,” stated Sophie Tsai of CapStar Commercial Realty. “It provides a strategic opportunity for my client who has been looking to enlarge its current operation to serve more seniors. It has been a pleasure for me to be part of this,” added Sophie Tsai.
Sophie Tsai joined CapStar in 2012. By leveraging her experience in property management and finances, Sophie specializes in seller and buyer representation on various types of properties.
To contact Sophie Tsai of CapStar please email: stsai@capstarco.com
About CapStar Commercial Realty
Since 1994, CapStar Commercial Realty is a full service commercial real estate firm headquartered in Gaithersburg, MD, operating across the District of Columbia, Maryland, and Virginia. CapStar assists small and large companies, from local to an expanding brand, with services in leasing, sales and acquisitions, property management, business acquisitions, consulting, and a unique specialty in restaurants. CapStar’s range of services and proprietary database help sellers, buyers, landlords, and tenants, identify real estate opportunities in retail, office, industrial, land, and condominiums.