Carr Properties

May 27, 2016 Comments Off on Carr Pays $105M for Bethesda Office, Plans Redevelopment Views: 492 California News, Maryland, National News, Northeast

Carr Pays $105M for Bethesda Office, Plans Redevelopment

Carr Properties has acquired 7272 Wisconsin Avenue in Bethesda, MD. The Washington, DC-based buyer paid $105 million to the American Society of Health-System Pharmacists for the 163,000-square-foot, four-story office building; the seller’s former headquarters.

Carr’s plans are to redevelop its new asset into a mixed-use, 900,000-square-foot property that will offer office, residential and retail space. Plans also call for the project to incorporate the new Bethesda Purple Line Station, a new entrance to the Metro Red Line, and a below-grade tunnel for the Capital Crescent Trail.

In a related transaction, the American Society of Health-System Pharmacists will relocate its headquarters to Carr’s recently developed LEED Platinum office building, located at 4500 East West Hwy. in Bethesda.

Read More at Business Wire

Connect with Carr Properties

Share on FacebookTweet about this on TwitterShare on LinkedInEmail this to someone

Tags: , , , , ,

Comments are closed.