Montgomery County, Maryland, November 26, 2025
A sizable industrial complex in Montgomery County, Maryland, has been successfully sold for $29.25 million. The property, comprising 214,000 square feet of Tier 4 data center space, was acquired by Sansone Group in collaboration with Priseda. Located strategically at 12401 Prosperity Drive in White Oak/Silver Spring, the deal marks a significant entry for Sansone Group into the growing data center market, which is currently facing high demand. This sale illustrates the increasing interest in industrial properties within the region, driven by the need for data storage solutions and proximity to metropolitan areas.
Montgomery County, Maryland
Two-Building Industrial Complex Sold for $29.25 Million
A two-building industrial complex in Montgomery County, Maryland, has been sold for $29.25 million. The property, located at 12401 Prosperity Drive in White Oak/Silver Spring, comprises 214,000 square feet of Tier 4 data center space. The acquisition was made by Sansone Group, based in St. Louis, in partnership with Silver Spring-based Priseda. This deal marks a significant expansion for Sansone Group into the data center sector, aligning with current macroeconomic trends and the growing demand for data storage solutions. The property offers a strategic location within the high-demand Washington, D.C. metro area, providing an alternative to the Northern Virginia data center market, which currently reports sub-1% vacancy rates and rising demand from AI and hyperscale users. Maryland-based Poverni Sheikh Group provided debt financing for the acquisition, sourced by JLL Capital Markets.
Key Features of the Property
| Feature | Details |
|---|---|
| Location | 12401 Prosperity Drive, White Oak/Silver Spring, Maryland |
| Size | 214,000 square feet |
| Type | Tier 4 data center |
| Acquisition Price | $29.25 million |
| Buyers | Sansone Group and Priseda |
| Debt Financing | Poverni Sheikh Group, sourced by JLL Capital Markets |
Background Context
The acquisition of this industrial complex reflects a broader trend in Montgomery County’s real estate market, where industrial properties are attracting significant investment. For instance, in August 2024, a six-building light industrial portfolio in West Norriton was acquired for $31.75 million. Additionally, in February 2025, Montgomery County commissioners approved the purchase of 3.65 acres in the East Montgomery County Industrial Park for a new Precinct 4 warehouse. These developments indicate a growing interest in industrial real estate within the region, driven by factors such as proximity to major metropolitan areas and the increasing demand for data storage and distribution facilities.
Conclusion
This recent sale signifies not just an investment in property but a strong response to the evolving landscape of data infrastructure needs. Montgomery County stands to benefit from such private investments, reinforcing the area’s position in the competitive data center market. As the demand for data solutions grows, supporting local business ventures like these becomes vital for fostering economic growth. Residents are encouraged to engage with and support local entrepreneurial endeavors as they continue to shape the economic future of Montgomery County.
What is the location of the industrial complex sold for $29.25 million?
The industrial complex is located at 12401 Prosperity Drive in White Oak/Silver Spring, Maryland.
Who were the buyers of the property?
The buyers were Sansone Group, based in St. Louis, and Priseda, based in Silver Spring, Maryland.
What is the significance of this acquisition?
This acquisition marks a significant expansion for Sansone Group into the data center sector, aligning with current macroeconomic trends and the growing demand for data storage solutions.
What is the current vacancy rate in the Northern Virginia data center market?
The Northern Virginia data center market currently reports sub-1% vacancy rates.
Who provided the debt financing for the acquisition?
Maryland-based Poverni Sheikh Group provided debt financing for the acquisition, sourced by JLL Capital Markets.
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