Matan Companies Acquires Montgomery County Industrial Park
The Matan Companies announced today that it has purchased a 78,164 square foot industrial park located at 7650-7750 Airpark Drive, in Gaithersburg, MD. The 5.4-acre property, known as Airpark Industrial Center, is comprised of three buildings, a 47,878 square foot warehouse, a 21,780 square foot warehouse, and an 8,506 square foot retail building, with a fully fenced, lighted parking lot.
“We continue to expand our industrial portfolio across the region and are thrilled to be back in the Montgomery County industrial market," said James Matan of the Matan Companies. “Airpark Industrial Center is an impeccably maintained industrial project that will have a wide appeal to users looking for high quality product in Montgomery County. It provides the unique combination of visibility, 38’ clear ceiling height, docks and drive-ins, and yard storage."
The Seller, Office Paper Systems, had utilized the property as their headquarters since 1999, where they handled all mixed-paper recycling for Montgomery County, before retiring from the recycling business this year. The seller was represented in this transaction by Gary Montgomery of HBW Group. At the time of acquisition the property was vacant.