National Commercial Real Estate News From CoStar Group
TIAA-CREF Trades Air Rights Center to MRP/Rockpoint JV
TIAA-CREF found a purchaser for the Air Rights Center, its 688,717-square-foot office complex in downtown Bethesda, MD. MRP Realty and Rockpoint Group LLC partnered to acquire the three properties and a development site for an undisclosed price.
The portfolio includes the Air Rights North Tower, a 12-story, 357,061-square-foot office building at 4550 Montgomery Ave.; the 13-story, 221,881-square-foot West Tower at 7315 Wisconsin Ave.; and the 10...