The Fairmont Building
BETHESDA, MD—Seattle-based Washington Capital Management has acquired the Fairmont Building here for $45.4 million. The seller of the 125,108-square-foot boutique office building was the Bainum Family Foundation, a locally-based private operating foundation.
JLL Capital Markets' Jim Meisel, Andrew Weir, Matthew Nicholson and David Baker represented the tenant.
Located at 7735 Old Georgetown Rd, the Fairmont Building is less than four blocks from the Bethesda Metro Station and is a short walk from a future Bethesda Station with Purple Line access. The 12-story building is 96% leased to several tenants and has a six-level parking garage along with versatile floor plates.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
