Bridge Investment Group Acquires Station Square in Metro D.C.

Station Square Office Complex, Central Business District,
Silver Spring, MD

ATLANTA, GA (Dec. 28, 2018) – Bridge Investment Group’s subsidiary Bridge Office Fund Manager LLC (Bridge Office) announced today the acquisition of Station Square, a 510,200-square-foot, Class-A office complex in the center of the CBD in Silver Spring, Maryland.

Directly adjacent to a D.C. Metrorail station and featuring premier access to the Capital Beltway (Interstate 495) and downtown Washington, D.C., the three-building complex includes onsite parking and boasts one of the metro area’s best transit-oriented, live-work-play locations.

Ben Powell

Bridge plans to invest more than $12 million for renovations to the three buildings, which are located at 1100 Wayne Avenue, 1010 Wayne Avenue and 8484 Georgia Avenue.

Leasing will be led by Ben Powell and Gwen Fraker of Cushman & Wakefield.

Capital improvements include modernized lobbies, upgraded exteriors, modernized elevators, and significant improvements to mechanical systems. 

A transformed courtyard with new and exciting retailers and revamped entry into the 1010 Wayne Avenue building will encourage community across the complex. 

Gwen Fraker

Bridge also plans to unveil a new co-working concept at 8484 Georgia Avenue to create a more modern and tech-centric vibe and appearance.

The bi-level, modern office space overlooking Wayne Avenue will be heavily amenitized for tenants and showcase features such as modern common areas with a coffee bar, communal work space and a state-of-the-art conference room. 

The new owners plan to reposition select office spaces at Station Square for a new spec suite program to address growing market demand for move-in ready offices. The spec suites will include open floor plans, creative lounge space and an array of tech-friendly amenities that are relevant to the next generation of office users. 

 “The greater D.C. region continues to benefit from a diversifying job market, the influx of Fortune 500 companies and a talented workforce,” said Tommy Spinosa, Acquisitions Director of Bridge Investment Group.

Tommy Spinosa

 “Station Square is well positioned to capitalize on growing demand for future-ready workspace that offers walkability, a sense of community and urban-style amenities within a few steps of the Metro.

"Our planned improvements will create a world-class work environment that helps our tenants flourish and achieve the bottom-line results they seek.”

 Contacts:

Colleen Ann McNally · Assistant Account Executive

1718 Peachtree St., Suite 1048 · Atlanta, GA. 30309

M: 404-536-0117

www.thewilbertgroup.com