Newmark Arranges Sale of 9755 Patuxent Woods Drive, a Strategic Office Asset in Howard County, MD

June 26, 2025 9:00 AM

Newmark announces it has arranged the $5.6 million sale of 9755 Patuxent Woods Drive, a 98,218-square-foot office property in Columbia, Maryland. Newmark Managing Director Nicholas Signor, Executive Managing Director Cristopher Abramson and Managing Director Ben McCarty represented the seller, P Portfolio Owner, LLC.

The three-story asset was 47% leased at the time of sale to a mix of IT, business and healthcare tenants. The buyer, the government of Howard County, MD, who had been seeking expansion space to purchase throughout the county, ultimately emerged as the ideal match—delivering a win-win outcome. The transaction underscores continued interest in well-located, value-add suburban assets with clear potential upside.

“9755 Patuxent offered a compelling combination of location, accessibility and occupancy potential,” said Signor. “With direct highway access, nearby amenities and a mix of existing tenancy and leasable space, it checked all the boxes for Howard County.”

Situated on 5.7 acres in Columbia, the property offers direct access to Route 32 and I-95, ample parking, recently renovated spec suites and on-site amenities including EV charging stations, showers and a loading dock. The surrounding area features premier retail, dining and entertainment, enhancing the asset’s desirability.

According to Newmark Research, Columbia led the Baltimore region in Q1 2025 with over 100,000 square feet of positive absorption. Asking rents in the submarket held above average at $26.08 per square foot, reflecting ongoing demand for high-quality suburban office products.

About Newmark
Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries (“Newmark”), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Newmark’s comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform’s global reach with market intelligence in both established and emerging property markets, Newmark provides superior service to clients across the industry spectrum. For the twelve months ended March 31, 2025, Newmark generated revenues of over $2.8 billion. As of March 31, 2025, Newmark and its business partners together operated from 165 offices with approximately 8,100 professionals across four continents. To learn more, visit nmrk.com or follow @newmark.

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