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Washington DC & Mid-Atlantic  + Baltimore  + Industrial  |  January 10, 2020
David Cohen
By: David Cohen

JLL Brokers $9M Sale of Maryland Flex Facility

JLL has arranged the $9.2 million sale of 25 Loveton Circle in Sparks, MD. The facility serves as the current headquarters for Fidelity Building Services Group, a 75-year old integrated building services engineering firm.

The single-story property features 80% office and 20% warehouse space, including an 1,800-square-foot auto shop to service the company’s fleet of service vans. Located within the Loveton Business Park, the property is approximately 21 miles north of Baltimore.

Jay Wellschlager, Andrew Finkelstein, Elizabeth Runge, Tivon Moffitt and Peter Bauman of JLL represented the seller, Fidelity Building Services Group, in the transaction. The buyer was not disclosed.

For comments, questions or concerns, please contact David Cohen

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About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.
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