August 17, 2018
Bethesda, MD – Transwestern today announces Fox Television, broadcasting in the Washington, D.C., metro area as Fox 5 WTTG and Fox 5 Plus WDCA, has signed a 59,172-square-foot lease at 7272 Wisconsin Ave. in downtown Bethesda, Maryland. Recently named The Wilson, the planned 360,000-square-foot trophy office building is part of an approximately 937,000-square-foot, mixed-use development project by Carr Properties and is scheduled to deliver in third quarter 2020. Executive Managing Directors Phil McCarthy and Keith Foery, along with Senior Associate Cricket Cleary, represented Carr Properties in the transaction.
“Fox Television was looking for trophy office space with unparalleled amenities in downtown Bethesda, and The Wilson exceeded its expectations,” said McCarthy. “With demand for amenity-rich office space intensifying, The Wilson is well positioned to attract tenants looking to provide their employees with a positive and productive work environment.”
The Wilson features a multipurpose rooftop terrace with indoor and outdoor spaces suitable for use as a conference facility, social event space, or tenant lounge; private tenant terraces on five floors; second-story fitness facility; below-grade bicycle room with direct elevator access to the fitness center and lobby; and covered outdoor portico with lobby-style finishes to offer convenient pick-up and drop-off areas for tenants.
With 23 stories eclipsing 295 feet, The Wilson will be one of the tallest buildings in downtown Bethesda. The project will house the future Bethesda Purple Line Station and will sit atop Metro’s Bethesda Red Line. It will include two residential towers with 456 units, 14,572 square feet of retail space and a shared parking facility.
Fox is currently located at 5151 Wisconsin Ave. NW in Washington, D.C., just under 2 miles from its new location. Art Greenberg, Bie Chu Lee and Kelly Givens of Savills Studley represented Fox in the transaction.
Transwestern is a privately held real estate firm of collaborative entrepreneurs who deliver a higher level of personalized service – the Transwestern Experience. Specializing in Agency Leasing, Tenant Advisory, Capital Markets, Asset Services and Research, our fully integrated global enterprise adds value for investors, owners and occupiers of all commercial property types. We leverage market insights and operational expertise from members of the Transwestern family of companies specializing in development, real estate investment management and research. Based in Houston, Transwestern has 35 U.S. offices and assists clients through more than 211 offices in 36 countries as part of a strategic alliance with BNP Paribas Real Estate. Experience Extraordinary at transwestern.com and @Transwestern.
ABOUT CARR PROPERTIES
Carr Properties is a privately held real estate investment trust focused on creating value for its shareholders through the ownership, acquisition, and development of high-quality office properties in the greater Washington area. The company currently owns a portfolio of 17 commercial office properties totaling approximately 4.6 million square feet as well as three major development properties that include: The Wilson and Elm Development in Bethesda, MD; Signal House N.E. Washington, DC 20002; and 2025 Clarendon Boulevard in Arlington, Virginia. Upon completion, these projects will add 1.2 million SF of trophy-quality office space to the company’s portfolio. The company is continuing to expand its portfolio through strategic investments in the Washington, D.C. area.