Business Notes: Gaithersburg Apartment Building Sold for More Than $30 Million

Plus: Cryotherapy core opens in Bethesda; Rockville-based sports information try acquired

Walker House

Walker House

Provided by UIP

Gaithersburg unit building purchased for $31.8 million

Urban Investment Partners announced Monday it has purchased a 212-unit Walker House unit building in Gaithersburg for $31.8 million from Washington Real Estate Investment Trust. The skill during 18700 Walkers Choice Road, built in 1971, includes 196 let apartments and 16 garden apartments that were combined in 2003.

Urban Investment Partners (UIP), that is formed in Washington, D.C., skeleton to reconstruct comparison unit units with new cabinets, counters, appliances, lighting and flooring and refurbish a common areas inside a building.

“UIP is famous for renovating Depression-era buildings in Washington, D.C., though we also have been active in Prince George’s and Anne Arundel counties in Maryland,” Steve Schwat, a UIP principal, pronounced in a statement. “This is a initial merger in Montgomery County, and we are actively looking for additional opportunities to move a imagination to other properties in a District’s close-in suburbs.”

Capital Cryo opens in Bethesda

A record renouned with veteran athletes is now accessible in a Bethesda area.

Capital Cryo is opening a new cryotherapy trickery this week during 4912 Hampden Lane. The trickery offers one- to three-minute cold diagnosis sessions in a cryotherapy chambers, that work during temperatures trimming from -190 to -256 degrees Fahrenheit.

The sessions are designed to assuage flesh pain and fatigue. The core says it caters to athletes, aptness enthusiasts and people who humour from ongoing pain.

Capital Cryo offers whole-body cryotherapy diagnosis sessions starting during $50 for a initial dual sessions and $75 for one event after a rudimentary offer. It also has bulk pricing options such as $500 for 10 sessions, as good as monthly memberships, according to its website.

The core also offers “cryofacials” and localized cryotherapy sessions.

While systematic investigate of a advantages of cryotherapy is limited, a Food and Drug Administration records on a website that it has not privileged or authorized whole-body cryotherapy inclination to provide medical conditions.

Rockville-based PrestoSports acquired

PrestoSports Inc., a Rockville association that specializes in providing program to tiny colleges to say jaunty websites and sports statistics has been acquired by a Cincinnati-based association Clubessential, that is corroborated by a tellurian investment organisation Battery Ventures.

Serge Knystautas, a Walter Johnson High School and University of Maryland graduate, founded PrestoSports in a mid-2000s after he saw that tiny universities were struggling to put their sports team’s statistical information online. Since then, a association says it has sole a program and other services to some-more than 950 colleges and universities in North America.

The deal, that was finished final month, was reported to be in a 7 figures, according to Forbes.

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