Printer Friendly

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.
COPYRIGHT 2011 Hagedorn Publication
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2011 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Title Annotation:SELLING POINTS
Comment:Brookfield makes Class A acquisition: Brookfield Office Properties.(SELLING POINTS)
Publication:Real Estate Weekly
Date:Sep 21, 2011
Words:152
Previous Article:First Market snags Phoenix multi-family: First Market Properties.
Next Article:Maintenance staff prepare for winter.
Topics:

Terms of use | Privacy policy | Copyright © 2021 Farlex, Inc. | Feedback | For webmasters