In-Rel Properties has paid $29.85 million, or $89.10/sf, for the 335,000-square-foot office building at 7500 Old Georgetown Road in Bethesda, Md. The purchase price first was reported by Commercial Observer. The Lake Worth Beach, Fla., investor bought the 40-percent occupied property – its first in the Washington, D.C., area – from a venture of Rockwood […]

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