Scheer Partners Represents LLCC II Limited Partnership in $1.19 Million, 2.58-Acre Land Sale in Laurel, MD

Laurel, MD (April 4, 2014) – Scheer Partners, the leading provider of fully integrated commercial real estate services in the Washington and Baltimore metropolitan areas, announces today that it has negotiated on behalf of LLCC II Limited Partnership in a transaction with RushiPath Hospitality Group for the purchase of a 2.58-acre land-development parcel.

Germantown-based Golden Realty LLC purchased this land parcel for $1.19 million from Chevy Chase-based LLCC II Limited Partnership.

In this transaction, Scheer Partners Senior Vice President Nathan Crowe, along with Perry Berman, Vice President of Land Use & Planning, and David Edgerley, Senior Vice President, represented LLCC II Limited Partnership.

Golden Realty LLC is planning to build an extended-stay hotel on the 2.58-acre parcel.

“This sale of vacant property was a very difficult process requiring a variety of skills and knowledge of local zoning. We worked closely with the City of Laurel staff to insure that the buyer understood the city regulations. The City of Laurel was very supportive of an extended-stay hotel at this location,” Berman says.

About Scheer Partners:
Founded in 1991, Scheer Partners is a full-service commercial real estate firm headquartered in Rockville, Md. With a focus on the greater Washington and Baltimore regions, Scheer Partners’ fully integrated services include tenant and landlord representation; strategic planning consulting; facilities and construction management; and investment sales, acquisitions and development. While the firm works with clients across all industry types, Scheer Partners is the recognized leader serving the health-care market, with more than 500 successful projects in this sector. Scheer Partners is the operations manager for Montgomery County's technology incubator program, which has more than 160 tenants, and is co-manager of the Greater Washington Life Sciences Fund. The company’s Web site is www.scheerpartners.com.


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