print header

# 1 Commercial Real Estate Information Company

  • Find Properties 
  • Market Properties 
  • Analyze Properties 
Products
Commercial Real Estate News

Carr Starts Spec Office Project In Bethesda

Wells Fargo-Financed Tower Slated for June 2014 Delivery
November 19, 2012
Carr Properties today announced it has broken ground on 4500 East West Highway, the first office property to be built in downtown Bethesda, MD, in 12 years and one of a very few bank-financed speculative office projects in the country.

As reported by CoStar in August, Carr secured a $57 million loan for the project from Wells Fargo, which would be impressive enough even if construction wasn’t moving forward without a major tenant in tow.

The nine-story, 220,400-square-foot office, located just a few hundred feet from the entrance of the Bethesda Metro Station, is pre-certified LEED Platinum and is expected to deliver in June 2014. The building will feature more than 13,000 square feet of street-level retail set above four levels of below-grade parking and a 4,800-square-foot plaza.

The glass box façade building will include 27,700-square-foot floor plates, a 4,500-square-foot rooftop terrace overlooking a green roof, a catering kitchen and views of Bethesda extending toward northwest Washington, D.C. The building will also have a 2,600-square-foot executive fitness facility, a bike storage and repair facility and a 1,900-square-foot conference center.

Transwestern’s Phillip McCarthy and Keith Foery, executive vice presidents, and Jovi McAndrew, senior vice president, are leasing agents for the project.

 Find us on 

Welcome To CoStar's
Industry-Focused,
Award-Winning News

Winner of three Journalism Awards from the National Association of Real Estate Editors (NAREE)

Award-Winning News