• Type

    Office

  • Fund

    Realized

  • Address

    15 Gude Drive
    Rockville, MD 20850

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Rockville Corporate Center

Rockville, MD

Property Overview

In February 1998, through a limited auction, Meridian acquired a Senior Note, secured by a 219,344 square foot complex of two four-story Class A office buildings in Rockville, MD. Meridian identified substantial potential for value creation in the vacant, under-managed and high-quality office complex.

Meridian completed the foreclosure process, taking title to the property, and renovated key areas of the buildings. Thereafter, Meridian fully leased the two buildings to a single tenant and then sold the entire complex to the tenant.