Rebranded Class A Office Tower Offers Rare 120,000 SF Anchor Opportunity
October 22, 2021
Washington – Stonebridge has launched a $24 million capital improvements and rebranding program for the “Clark Building,” a 340,000-square-foot, Class A office building in downtown Bethesda, Maryland. Transwestern’s Phillip McCarthy, Keith Foery, Mark Boyce and Karla Rivera will lead the repositioning and relaunching of the 16-story property as 7500 Old Georgetown.
“Our plan continues to position this iconic building to provide outstanding value and best-in-class amenities at the best location in Bethesda,” said Marvin Poole, Director, Investments at Stonebridge.
“Working with Stonebridge, we have reimagined one of the most iconic buildings in the region as an elevated office environment that meets the diverse needs of today’s workforce,” said McCarthy. “This is a pivotal moment in the building’s history as the property offers a rare 120,000-square-foot anchor opportunity that comes with exceptional branding and signage in the heart of Bethesda.”
A major element of the renovation program reimagines this iconic building with a new building façade, exterior plaza, and an activated lobby that will be expanded by 50% and provide collaboration spaces in both its lobby and exterior plaza.
A lobby façade is being constructed with innovative, ultra-clear 5-foot-by-18-foot glass panels, creating better internal and external visual engagement. The design includes an Italian Basaltina Stone floor and wall panels of anodized bronze and silver oak wood. The main lobby, which is connected to the metro level below by a two-story space, will feature a 20-foot-high art installation. A new tenant metro level lounge will provide direct connectivity to the Bethesda Metro Station.
The 16th floor will house a new top-of-the-line 5,200-square-foot fitness center with spa-quality locker rooms, individual exercise stations, a private yoga studio and a state-of-the-art 3,500-square-foot conference center with seating for 100 people.
“7500 Old Georgetown is filling an important gap in the market between traditional office environments and new trophy-priced office product,” said Foery. “Through this strategic reinvention, the property will offer an elevated tenant experience with top-of-the-line amenities and a highly accessible location at competitive rates companies can feel good about.”
The property s also well-positioned among top dining, shopping and entertainment, including Morton’s, Anthropologie, Lululemon and Soul Cycle.
Renderings are available for download here.
Stonebridge is a real estate development and investment firm focused on creating exceptional places in the Greater Washington area. Our portfolio includes several of the region’s most successful mixed-use projects: premier properties that realize the broad benefits of transit-oriented development and enhance communities with integrated office, retail, residential, and hotel space. Complex in nature due to their urban locations, these developments reflect our vision for dynamic living, working, and shopping environments as well as our commitment to sustainable planning and design, including proximity to mass transportation. Stonebridge's comprehensive expertise in real estate acquisition, finance, land entitlement, development, and investment management enables us to navigate risks inherent in real estate while implementing innovative strategies to transform neighborhoods and generate lasting value.
About Transwestern Real Estate Services
Transwestern Real Estate Services (TRS) adds value for investors, owners and occupiers of all commercial property types through a comprehensive perspective and by providing solutions grounded in sound market intelligence. Part of the Transwestern companies, the firm applies a consultative approach to Agency Leasing, Asset Services, Tenant Advisory + Workplace Solutions, Capital Markets, and Research & Investment Analytics.
The privately held Transwestern companies have been delivering a higher level of personalized service and innovative real estate solutions since 1978. Through an integrated, customized approach that begins with good ideas, the firm drives value for clients across commercial real estate services, development, and investment management. Operating from 33 U.S. offices, Transwestern extends its platform capabilities globally through strategic alliance partners whose unique geographic, cultural, and business expertise fuels creative solutions. Learn more at transwestern.com and @Transwestern.