EDGE Experience Diligence Guidance Execution

Bradley Arlington Office Complex – Bethesda, Maryland

Bradley Arlington Office Complex – Bethesda, Maryland

Bradley Arlington Office Complex – Bethesda, Maryland
This is a fully stabilized property at the corner of Bradley Boulevard and Arlington Road (“Main & Main”) in the Bethesda CBD, only four blocks from the Metro Red Line in an emerging submarket of Bethesda. The average rental rates were 25 percent below their market value, and there was need of cosmetic improvements and catch up on deferred maintenance. The strategy for this property was to renovate and to roll rents up to market. Considering the location and the stability of this property, this was a core asset acquisition scheduled for a long-term hold.

Core Asset/Tax Driven Acquisition

  • Acquired through 20-year relationship with seller – not marketed
  • 150,000-square-foot, two-building office park purchased from The Harvey Companies for $26,400,000
  • Major capital improvements completed during the first 18 months of ownership
  • Aggressive leasing program increased rents to market
  • Currently exceeding pro-forma by 20 percent

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