X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

BETHESDA, MD-A series of new leases, renewals, and expansion deals have been put in place at the three-building, 712,000-sf Air Rights Center, courtesy of the property’s leasing agent Spaulding & Slye Colliers. The Air Rights Center–which consists of two buildings known as the West and East Towers at 7315 Wisconsin Ave., and the North Tower at 4550 Montgomery Ave.–is now leased to near maximum capacity with only 23,700 sf remaining available. Space at the property, which is owned by TIAA subsidiary Bethesda ARC LLC, leases for $28.50 per sf to $33 per sf.

Topping the list of new leasing deals is law firm Bregman, Berbert, Schwartz & Gilday LLC, which renewed its hold on nearly 9,000 sf of space on the eighth floor of the West Tower for five years. “The Bregman, Berbert, Schwartz & Gilday LLC renewal further exemplifies TIAA’s commitment to retaining the existing tenant base,” explains Spaulding & Slye VP Bernie McCarthy. Other new leasing deals cover 20,000 sf of space and 10 tenants, including Beacon Global Advisors Inc., Infosnap Inc. and Spherion Corp. “Bregman, along with all of our recent transactions, continue to show the Air Rights Center’s strength as a leader in the Bethesda market,” McCarthy adds.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.