WMATA Takes 90K-SF Industrial Space in Landover
The Washington Metropolitan Area Transit Authority (WMATA) has signed a 90,473-square-foot lease at 6304 Sheriff Road, a 540,000-square-foot industrial building in Landover, Md.
Built in 1963, the property is owned by Nuveen Real Estate, which acquired it in 2013 for $32.5 million on behalf of the Teachers Insurance and Annuity Association of America fund, better known as TIAA, according to public records.
WMATA plans to utilize the space for the storage and repair of its fleet of transportation equipment and elevators when it moves in later this year.
WMATA is a government agency with oversight of the mass transit system that operates throughout the greater Washington, D.C., region, including Maryland and Virginia. The system consists of the D.C. Circulator bus system, Metrorail rapid transit service, Metrobus fixed-route bus service and the MetroAccess paratransit service.
The property is located on a 22-acre site near Interstate 495 and Maryland Routes 50, 704 and 295.
Edge represented the tenant in the lease.
“The space had a lot of existing infrastructure in place that worked well with WMATA’s requirements and space planning,” Rob Pugh, a partner with Edge, told Commercial Observer. “WMATA occupied a lot of space in the general area for all the different departments and users. This location added to their existing footprint in Prince George’s County.”
Edge’s Kenneth Fellows and Keiry Martinez joined Pugh in representing the tenant in the deal. Dan Coats and John Dettleff from JLL represented the landlord.
Keith Loria can be reached at Kloria@commercialobserver.com