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PARKVIEW AT SPRING STREET

Address: 1300 Spring Street
Silver Spring, MD 20910
Year Built: 1988

Property Type: Commercial

Square Footage: 104,539

Parkview at Spring Street offers a strong location at the corner of Spring Street and Georgia Avenue in the northern section of downtown Silver Spring, Maryland. The property was purchased on March 3, 2006 in an off-market transaction at a discount to the appraised value. The asset is nearly 100% leased to a combination of national and local tenants, with the largest being the architecture firm Torti Gallas Partners which currently occupies 29,925 square feet or 31% of the building. The Property maintains a reputation in the market as a well located, well designed, well maintained property that serves as an affordable alternative to new properties with higher asking rents.