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Brookfield makes Class A acquisition: Brookfield Office Properties.

Brookfield Office Properties Inc. has purchased the Three Bethesda Metro Center office building in Bethesda, Maryland from The Meridian Group for $150.1 million.

Three Bethesda Metro Center is a 17-story, 368,400-s/f class A office building located at the intersection of Wisconsin Avenue and Old Georgetown Road, directly adjacent to the Bethesda Metro station and the Hyatt Regency hotel.

Numerous amenities are accessible within a short walk, including the shopping, dining and nightlife of Bethesda Row.

The property features a 16-story interior atrium, an elegant marble lobby, and a 1,300-space underground parking garage.

The building is currently 93% leased. The company sees potential additional development density in its future plans for the site.

Three Bethesda Metro Center is the fourth property owned by Brookfield in the Bethesda submarket. joining the three office buildings of Bethesda Crescent which are located directly across the street and encompass 336,000 s/f.
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Title Annotation:SELLING POINTS
Comment:Brookfield makes Class A acquisition: Brookfield Office Properties.(SELLING POINTS)
Publication:Real Estate Weekly
Date:Sep 21, 2011
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