Transwestern Secures Full-Floor Lease at 4500 East West, Slated to Open Later This Month

Transwestern Represents Owner of 220,400-Square-Foot Building, Carr Properties

(October 22, 2014 – Bethesda, MD.) – Transwestern today announces that it brokered a full-floor lease at 4500 East West in Bethesda, Maryland, a new trophy-quality development that delivers in late October. RapidAdvance will occupy 28,000 square feet in the 220,400 square-foot downtown building. Transwestern’s Keith Foery and Phil McCarthy, executive managing directors, and Jovi McAndrew, senior vice president, represented the building owner, Carr Properties, in the transaction.

“As the first building to deliver in downtown Bethesda in over 12 years, 4500 East West will be highly sought-after,” said Foery. “Carr Properties has created a premier asset, with efficient floorplates and state-of-the-art amenities that will attract tenants of various industries. We look forward to continuing the momentum we have begun with this lease.”

“4500 East West is a major achievement for our company,” said Oliver Carr, CEO of Carr Properties. “The building offers everything that our clients want today: efficient column-free layouts, 9’0 foot finished ceiling heights, floor-to-ceiling glass, and top-of-the-line amenities in a location two blocks from the entrance to the Bethesda Metro. The Transwestern leasing team is to be commended for securing a major, full-floor lease for 4500 East West. We are looking forward to working with them on the lease-up of the entire building.”

Set to open in late October, 4500 East West includes nine stories of trophy quality space in downtown Bethesda’s first pre-certified LEED® Platinum office building. It offers efficient workspace with 28,000-square-foot floorplates and also includes 13,000 square feet of ground-floor retail.

The building’s façade is a full-height glazed curtain wall, creating a striking presence. A 4,500-square-foot roof terrace offers views overlooking Bethesda toward Northwest Washington, D.C. Other building amenities include a public plaza with commissioned artwork, a state of the art fitness center, conference center, bicycle facility, and ample underground parking.

 

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 owns approximately $1.5 billion of commercial office properties, including twenty existing office properties comprising over 4 million square feet and four major development properties – the Washington Post Site in Washington, DC; 2311 Wilson Boulevard in Arlington, Virginia; 2025 Clarendon Boulevard in Arlington, Virginia; and 4500 East West Highway in Bethesda, Maryland. Upon completion, these projects will add an additional 1.5 million square feet of trophy-quality office space to the company’s portfolio. The company is continuing to expand its portfolio through strategic investments in the Washington area.

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