Feb
11
Hines Snaps Up Office Building Duo in North Bethesda
ByHines recently acquired two office buildings in North Bethesda, totaling in excess of 345,000 square feet, with plans for major capital improvements.
North Bethesda Place I and II
Rockville, Md.—International real estate powerhouse Hines recently announced the acquisition of North Bethesda Place I & II from JBG Cos. The amount was undisclosed but Bisnow reports the purchase price was $54.6 million. The two buildings total in excess of 345,000 square feet of rentable office space. During the acquisition process, JBG was represented by Cushman & Wakefield. The current combined occupancy of the properties is 49 percent, which Hines is looking to turn around with major improvements…
Hines Snaps Up Office Building Duo in North Bethesda
