12.24.07 Industrial Deals- Kenwood Buys, Persiano Leases

Montgomery Newsletter- Volume 20, Number 23
An Independent, Bi-Weekly Newsletter on Real Estate Development

Now here’s a rarity: two industrial stories in the Montgomery Newsletter in one issue.

The purchase was the acquisition of 1008 Westmore Avenue in Rockville by an affiliate of Kenwood Management. The Bethesda firm paid close to $95 a foot for the 53,000 sq. ft. warehouse in a sale/leaseback arrangement.

The seller is an affiliate of Office Movers, which sold the building and signed a seven-year deal to remain in place. Jim Darby of Transwestern represented Kenwood, while David Kane of Kane Real Estate Services represented the Circle K1, LLC.

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