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| Flats 8300, 8300 Wisconsin Avenue, Downtown Bethesda, MD |
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| Walter Coker |
WASHINGTON, D.C, June 20,
2016 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has closed
the sale of Flats 8300, a 359-unit,
luxury high-rise residential property with ground-floor retail in Bethesda, Maryland.
HFF marketed the property
exclusively on behalf of the seller, a joint venture between StonebridgeCarras
and an affiliate of Walton Street Capital, L.L.C. Invesco Real Estate purchased the asset.
Recently completed in May
2016, Flats 8300 is located at 8300 Wisconsin Avenue along the Metrorail Red
Line on a 1.6-acre site at the intersection of Battery Lane, just south of the
National Institutes of Health and Walter Reed campuses.
The nine-story property is walkable to
numerous retail, dining and entertainment amenities in the Bethesda Row and
Woodmont Triangle areas of downtown Bethesda and is less than two miles south
of the Capital Beltway (Interstate 495).
Flats 8300 encompasses a mix of studio to three-bedroom floor plans
along with townhouse and penthouse options.
Anchored by a ground-floor
Harris Teeter with Starbucks, the amenity-rich property also features breezeway
and façade ornamentation by sculptor Kent Bloomer; a half-acre courtyard with
water feature and sculptures by artist Barton Rubenstein; ninth-floor clubroom
with billiards and bar; green rooftop with fireplace and demonstration kitchen;
two rooftop swimming pools; fitness center; business center; pet spa;
underground parking with electric car charging stations; and concierge service.
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| Brian Crivella |
The HFF investment sales
team representing seller was led by Walter
Coker, Brian Crivella and Stephen Conley.
“HFF is pleased to have been able to represent
the seller on such a transformative asset to the Bethesda submarket,” Coker
said. “We were very excited to see that
the market responded so well to the outstanding execution and core attributes
of the asset.”
For a complete copy of the company’s news release,
please contact:
Kristen M. Murphy
Director, Marketing
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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