Fraser Forbes Real Estate Services Announces New Closings
7/16/2009
McLean, Virginia – July 16, 2009 – Fraser Forbes Real
Estate Services is pleased to announce two new closings in the greater
Washington, DC Metropolitan Area.
Edison Tech, located in Montgomery County, Maryland was sold by Richard Samit, Bruce Winston and Mychael Cohn for $32,700,000 to Montgomery County. Originally planned as a residential redevelopment of an existing 220,000 square foot warehouse, Montgomery County elected to purchase the property as part of its “Smart Growth” initiative and relocation of County services. The County will be relocating its liquor warehouse from the County Service Park into the 220,000 square foot warehouse on 29 acres. The Edison Tech property has existing zoning in place for an additional 150,000 square foot building. Fraser Forbes represented the Seller.
The Goepfert property, in Great Falls, Virginia, was sold by Mark Anstine for $3,888,889 to the Gulick Group. The Goepfert property is 18.35 acres zoned R-1 in Great Falls and up to 18 estate lots will be developed. The site offers an outstanding marketing window to both Georgetown Pike and Leesburg Pike and is one of the few remaining large tracts in Great Falls zoned R-1. Fraser Forbes represented the Seller, closing on the first 8 lots, with an additional settlement of 10 lots scheduled for next year.
About Fraser Forbes
Founded in 1995, Fraser Forbes Real Estate Services is the premier, full-service real estate firm in the DC/VA/Baltimore metro area market, specializing in land. The two principals of the firm have over 50 years of experience. The company’s service groups include Land Sales, Financing Services, Management Services and Advisory Services. Fraser Forbes has consummated over 400 land transactions valued at in excess of $3 billion including over 30,000 residential lots and land entitled for in excess of 5 million square feet of commercial development. Whether representing clients buying and selling raw land for future development, brokering real estate transactions slated for office, retail, hotel and industrial uses, or rendering financing advisory and management services, Fraser Forbes empowers its clients to earn the highest returns on their investments.
