Premier Acquires 150,000 Flex Property in Columbia, MD

stonewood business center, 4 buildings, 150,000 sf, columbia, MD

Premier is pleased to share that in August 2025 it closed on the acquisition of a 4 building, 150,000 sf flex portfolio in Columbia MD known as Stonewood Business Center.  Premier acquired Stonewood via a 1031 exchange from the successful sale of one of its portfolio shopping centers earlier in the year. The $27M purchase price represented an 8.2% cap rate on the in-place income with occupancy at 100%. Premier’s objective in acquiring Stonewood was to lock in stable long term cash flow while benefiting from what it believes will be meaningful rent increases over time due to supply constraints in the flex market. Ten year life company financing was placed with with the assistance of Northmarq. Premier Management Services will provide property management.