UPPER MARLBORO (March 2016) — Murphy Commercial is pleased to announce the The Severn Group has recently settled on a new headquarters building in Upper Marlboro. The Severn Group purchased 375 Prince George Blvd. for $3.1 million on February 29th 2016. John Rosso of Murphy Commercial represented The Severn Group with their property search, site selection and contract negotiations for the acquisition.
375 Prince Georges Blvd. is a 41,126 Sq. Ft. flex property on 6+ acres with fenced outdoor parking/storage, 18′ clear ceiling heights and three loading docks and oversized drive-ins. The property comes along with two existing rent-paying Tenants, including Verizon.
The Severn Group (TSG) is the leading HVAC commercial contractor in the Washington D.C. metropolitan area specializing in mechanical and plumbing construction. TSG provides mechanical, plumbing and sheet metal ductwork contracting services within the Washington Metro Area. The company has average annual revenues in the $25-$30 million range with emphasis on negotiated, team-construct, mechanical-general, and Design/Build projects.
The Severn Group has been running its operations out of 4 different office and warehouse locations in Maryland and Northern Virginia. 375 Prince George Blvd. was an ideal opportunity for TSG to merge all operations under one-roof, while retaining the existing paying Tenants. Located within the Colington Trade Center business park, 375 Prince Georges Blvd is centrally located within Prince George’s County and provides unsurpassed accessibility to the entire Baltimore-Washington MSA.
