The University of Maryland recently acquired the College Park headquarters of a scientific group that last year inked a big lease in downtown D.C.
The American Center for Physics Inc. sold its 107,274-square-foot home at 1 Physics Ellipse last month for $35.5 million, according to public records and the University of Maryland. The sale comes about a year after the scientific organization leased a new meeting space in 30,461 square feet at 555 12th St. NW in D.C.
In a statement, University of Maryland President Darryll Pines said the institution acquired the 24-acre property for its proximity to transit and UMd.’s 150-acre Discovery District, a research park with a growing slate of public and private tenants including the National Oceanic and Atmospheric Administration and National Quantum Lab at Maryland.
