Repositioning of Storied Silver Spring Office Property Takes Shape

An aerial view of the repositioned Inventa Towers in Silver Spring, MD.

SILVER SPRING, MD—The partnership of Foulger-Pratt and Cerberus Capital Management have unveiled plans for the repositioning of the former One Discovery Place office building here. In addition to an extensive capital improvement, the 550,000-square-foot trophy building has a new name—“Inventa Towers.”

The building owner explains Inventa is a nod to the property’s history as the former headquarters of Discovery Communications. The Foulger-Pratt-Cerberus Capital joint venture acquired the property in September 2018 and in December secured $96.5 million in financing for the property’s repositioning effort. Cerberus Capital is headquartered in New York City, while Foulger-Pratt is based in Potomac, MD.