Monday, November 19, 2012

Carr Starts Spec Office Project In Bethesda




National Commercial Real Estate News From CoStar Group





Carr Starts Spec Office Project In Bethesda



Carr Properties today announced it has broken ground on 4500 East West Highway, the first office property to be built in downtown Bethesda, MD, in 12 years and one of a very few bank-financed speculative office projects in the country.

As reported by CoStar in August, Carr secured a $57 million loan for the project from Wells Fargo, which would be impressive enough even if construction wasn’t moving forward without a major tenant in tow.

The...






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