Saturday, June 6, 2015

HFF closes $63.5 million sale and arranges acquisition financing for downtown Bethesda, MD office building


Bethesda Office Center, 4520 East-West Highway, Bethesda, MD


WASHINGTON, D.C. – June 4, 2015 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has closed the sale of and arranged acquisition financing for Bethesda Office Center, a 174,449-square-foot, Class A office building in downtown Bethesda, Maryland.

Jim Meisel
HFF marketed the property on behalf of the seller, AEW Capital Management, L.P.  AEW sold the property on behalf of one of its separate account investors.  

The buyer purchased the asset for $63.5 million and was assisted by HFF in securing the fixed-rate acquisition loan through JP Morgan Chase Bank, National Association. 

Bethesda Office Center is situated on a corner lot at 4520 East-West Highway at the intersection of East-West Highway and Waverly Street.

  This location is just one block from the Bethesda Metrorail Station and within close proximity to Woodmont Triangle’s numerous restaurants and the retail offerings at Bethesda Row. 

The HFF investment sales team representing the seller included senior managing directors Jim Meisel, Dek Potts, Andrew Weir and Stephen Conley as well as associate director Matthew Nicholson and senior real estate analyst Robert Jenkins.

HFF’s debt placement team was led by managing director Cary Abod and senior real estate analyst Robert Carey.

“This offering represented an exceptional opportunity to acquire a value-add, institutional quality, Class A office building in a highly sought after submarket,” said Meisel.  “We anticipate continued rental rate growth and increased leasing activity in Bethesda, which has historically been one of Washington, D.C’s strongest and most stable markets.”

For a complete copy of the company’s news release, please contact:

Kristen M. Murphy
Associate Director
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 | Direct: 617-848-1572 | Cell: 617-543-4873 | www.hfflp.com


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