April 1, 2019 Comments Off on ETF Trailblazer Claims HQ Space at Carr Properties’ Bethesda Asset Views: 527 Maryland, National News, Southeast, Washington, D.C.

ETF Trailblazer Claims HQ Space at Carr Properties’ Bethesda Asset

Washington, D.C.-based Carr Properties signed a new 55,000-square-foot office lease with ProShares at The Wilson in Bethesda, MD. The 361,000-square-foot office building at 7272 Wisconsin Ave. is expected to deliver in the summer of 2020, and is now 59% leased.

Carr Properties’ Oliver Carr says, “We are excited to have ProShares relocate its corporate headquarters to The Wilson. ProShares is a Bethesda-based asset manager that has been at the forefront of the ETF revolution since 2006.”

In addition to the office building, the development includes The Elm, a 456-unit residential component housed in two towers at Wisconsin Avenue and Elm Street. The project is within walking distance of shops and restaurants, as well as adjacent to the new Bethesda transit station.

JLL’s Bernie McCarthy represented the tenant. Carr Properties was represented in-house by Dan Dooley and Jason Bockenek, and by Transwestern’s Phillip McCarthy, Keith Foery, and Cricket Cleary.

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