Laytonsville and Frederick, Md– William (Bill) Meissner, president and managing partner of Ruppert Properties, announces the sale of the Stanford Trading Center to Cabot Properties for $15.9 million. The four-building 175,380 SF portfolio is located in the Stanford Business Park at the intersection of Route 15 and Mountville Road in Frederick, Md.
Meissner states, “We are very pleased with the outcome of this sale. Over the past twelve years, Ruppert Properties has been involved in the development of the Stanford Business Park and recognizes its completion and sale as a fitting conclusion to all our hard work.” Zoned Limited Industrial (LI), the business park was developed in 2000 with the intent to provide opportunities to small-to-mid-size businesses seeking affordable, functional flex/warehouse and office space with features of a high-end office park including class “A” construction, well-groomed landscaping and common areas. The Stanford Trading Center connects with U.S. 340, I-70, and I-270, providing east access to Northern Virginia, Central Maryland and Washington, D.C., as well as to the eastern panhandle of West Virginia and southwestern Pennsylvania.
The Stanford Trading Center received consecutive honors from the Maryland/DC chapter of the National Association of Industrial and Office Properties (NAIOP), taking home an Award of Merit in the best Industrial/Flex office category in 2007 and 2008 NAIOP Annual Awards of Excellence.
Cabot Properties is a private real estate investment firm based in Boston. The firm is a leading investor, developer and operator of industrial properties throughout North America and the United Kingdom.
Ruppert Properties is a privately held commercial real estate investment company that invests, owns, and manages industrial/flex office properties throughout Washington/Baltimore metropolitan region. Their industry experience and hands on approach to development, construction, leasing, and management allows them to competitively serve distribution, service, manufacturing, and office users. For more information visit www.ruppertproperties.com