94-Acre Campus Located in Heart of Thriving Biomedical Corridor
November 19, 2019
Frederick, MD – Transwestern Commercial Services (TCS) today announces it has handled the sale of 1 State Farm Drive in Frederick, Maryland. The 387,000-square-foot office building sits on 94 acres and was purchased by Frederick View LLC. TCS Executive Managing Directors Gerry Trainor and Mark Glagola, in collaboration with Executive Managing Director Keith Foery and Senior Vice President Guy Copperthite, represented the seller.
“The buyer took advantage of a unique, high-quality corporate headquarters opportunity created by the State Farm vacancy,” said Glagola. “This was a complicated asset, but by moving quickly, the buyer will benefit from all the area has to offer.”
Built in 1996, the property has a cafeteria with seating for 252 people, 1,600 surface parking spaces, ample outdoor green space, administrative offices, training rooms and large open areas, including a former call center on the third floor with more than 800 existing cubicles. The asset also includes a 20,000-square-foot warehouse with 28-foot clear ceiling heights, three loading docks and a 9,300-square-foot data center.
Nearby dining and retail destinations include Moe’s Southwest Grill, Noodles & Company, California Tortilla, Giant Food, Lowe’s, Wegmans, Super Walmart and Onelife Fitness. Also in proximity are Frederick Community College, the U.S. Army Medical Command installation at Fort Detrick and the National Cancer Institute.
ABOUT TRANSWESTERN COMMERCIAL SERVICES
Transwestern Commercial Services (TCS) is a privately held real estate firm of collaborative entrepreneurs who deliver a higher level of personalized service and innovative client solutions. Applying a consultative approach to Agency Leasing, Asset Services, Occupier Solutions, Capital Markets and Research, our fully integrated global organization adds value for investors, owners and occupiers of all commercial property types. We leverage market insight and operational expertise from across the Transwestern enterprise, which includes firms specializing in development and real estate investment management. TCS has 34 U.S. offices and assists clients from more than 200 offices in 37 countries through strategic alliances with France-based BNP Paribas Real Estate and Canada-based Devencore. Experience Extraordinary at transwestern.com and @Transwestern.