Flight to Quality Spurs Leasing Activity at 370,000 SF Trophy High Rise
December 04, 2025
BETHESDA, MD – Beacon Capital Partners and Transwestern Real Estate Services (TRS) announce the completion of three office leases totaling 78,864 square feet at Avocet Tower, a 370,000-square-foot, 22-story office building at 7373 Wisconsin Avenue in Bethesda, Maryland. The transactions include:
- Ullico, a privately held insurance and investment solutions provider headquartered in Washington, D.C., leased 30,333 square feet to relocate its Maryland regional office from Silver Spring.
- Investment firm Arlington Capital Partners. leased 30,333 square feet to expand and move its headquarters from The Wilson at 7272 Wisconsin Ave.
- DiamondRock Hospitality Company, a publicly traded lodging REIT, increased its office footprint with an 18,198-square-foot lease to relocate from 2 Bethesda Metro Center.
Beacon was represented by Transwestern’s Agency Leasing team, led by Phil McCarthy, Keith Foery, Mark Boyce, and Karla Rivera, while CBRE represented the tenants in the transactions.
“These commitments from leading firms underscore the enduring appeal of Avocet Tower as employers prioritize environments that inspire performance and collaboration,” said Shane McLaughlin, Managing Director of Beacon Capital Partners.
“This dynamic leasing activity underscores the strong demand for trophy office space as well as Avocet Tower’s reputation as one of the most desirable properties in the market with HQ-size opportunities,” said McCarthy, TRS Executive Managing Director. “Exceptional amenities, innovative design, and a central location combine with the energy and connectedness of downtown Bethesda to offer tenants a premium workday experience within and beyond the office.”
Avocet Tower: A Benchmark for Modern Workplace Excellence
Completed in 2022, Avocet Tower is LEED Platinum and WELL Health and Safety certified, integrating advanced technologies such as touchless entry, a state-of-the-art DOAS HVAC system, and high-performance View Smart Windows for optimal energy performance. Property amenities include:
- 22,500 square feet of public, landscaped outdoor areas
- 7,500 square foot rooftop terrace
- 5,000 square foot fitness center
- Secure bike storage
Avocet Tower also offers a new 100-person tenant-exclusive conference center and boardroom, complemented by the adjoining AC Marriott Hotel, which provides three additional conference rooms and terrace, accommodating up to 200 guests. The hotel also features Corella Café & Lounge, a full-service restaurant and bar with a street-level patio, directly connected to the Avocet lobby.
Strategically located within walking distance of the Red Line Metro station and the forthcoming Purple Line, Avocet Tower is three miles from downtown Washington, D.C. and within 40 minutes of the major regional airports.
Images are available for download here.
About Beacon Capital Partners
Beacon Capital Partners (Beacon) is a leading private real estate investment firm, owning and operating office and life science properties. The firm has a 77-year legacy of successful real estate development, management, and transformation of workplaces. Since 1998, Beacon has raised ten commingled investment vehicles, as well as multiple joint venture vehicles and co-investments, totaling over $19 billion of equity capital commitments from public and corporate pension funds, financial institutions, endowments, foundations, and other U.S. and non-U.S. institutional investors. Today, Beacon manages $14.8 billion of real estate and owns and operates a portfolio spanning 38 million square feet across 14 U.S. markets.
About Transwestern Real Estate Services
Part of the Transwestern companies, Transwestern Real Estate Services (TRS) strives to add value for investors, owners, and occupiers across all commercial property types. Fueled by a holistic perspective of the real estate life cycle, agility and creativity are hallmarks of our approach, while vast national resources and sound market intelligence underpin customized recommendations and property solutions.
Four dynamic, integrated companies make up the Transwestern enterprise, giving us the perspective to think broadly, deeply and creatively about commercial real estate. Clients and investors rely on us for expertise that spans institutional and opportunistic investment, development, hospitality, and brokerage and asset services. Our award-winning, collaborative culture empowers team members with resources and independence to work across boundaries in pursuit of innovative solutions, reinforcing a reputation for service excellence that translates to measurable results. Through offices nationwide and alliance partners around the globe, we positively impact the built environment and our communities while fostering a work climate that champions career vitality for all. Learn more at transwestern.com and @Transwestern.
Media Contacts:
For Transwestern Real Estate Services:
Jaime Luckey
678.521.3474
jaime@luckeycomms.com
twmediarelations@transwestern.com
For Beacon Capital Partners:
Maureen Richardson
914.686.5599
mrichardson@riverinc.com
