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PS Business Parks sells 3 Md. properties for $149M

Diversified real estate investment trust PS Business Parks Inc. sold three properties in Montgomery County, Md., for $148.8 million.

The company sold Metro Park North, Meadow Business Park and WesTech Business Park, which together comprise a total of 28 buildings spanning approximately 1.3 million square feet.

The REIT retained a 113,000-square-foot single-tenant government building and a long-term ground lease at Metro Park North.