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Washington DC & Mid-Atlantic  + DC Metro  + Office  |  September 13, 2022
Monday Properties has acquired the Park Plaza I & II Class A office complex in Rockville, MD.
Lisa McDuffie
By: Lisa McDuffie

Monday Properties Acquires Park Plaza I & II in Rockville, Plans Urban Beehive Initiative

Monday Properties has acquired Park Plaza I & II, a 266,077-square-foot Class A office complex in Rockville, MD. The two-building asset is Monday Properties’ first commercial acquisition in MD.

Jud Ryan, Ryan Cassidy and Grant Marley of Newmark represented the seller. Monday Properties partnered with US Street on the deal, and Monday Properties’ VP of acquisitions and capital transactions Cliff Cummings led the acquisition.

Park Plaza I & II are located in the I-270 life sciences corridor and proximate to the lifestyle centers of Rio and Downtown Crown. The property is located less than a mile from the Shady Grove Metro Station and is highly accessible via I-270, I-370, and Route 355. Amenities include conference center, fitness center, yoga studio, cafe, parking garage and outdoor features including private terraces and a plaza.

Monday Properties plans to implement property upgrades and sustainability initiatives, including partnership with Alvéole to maintain urban beehives on site.

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About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.
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