MRP Realty and Prime Finance Special Situations have closed the acquisition of Bethesda Crescent, a four-property office portfolio in Bethesda, Maryland, totaling 287,529 square feet.
“MRP Realty is proud to partner with Prime Finance on this pivotal project. We have been active in this area of downtown Bethesda since we acquired the former Air Rights building at 7315 Wisconsin Avenue in 2013, which is now Bethesda Crossing,” said Nick Gordon, MRP Realty Vice President. “We look forward to contributing to the re-vitalization of this submarket through our efforts to reposition the Bethesda Crescent portfolio.”
The Bethesda Crescent portfolio includes 7475 Wisconsin Avenue, 7401 Wisconsin Avenue, 4600 East-West Highway, and 4650 East-West Highway, comprising a total of 287,529 square feet. MRP has managed the development and repositioning of over 14.2 million square feet of residential and commercial real estate at a total project value of $7.8 billion.
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