Washington, DC – Cassidy Turley, a leading commercial real estate services provider in the U.S., announced today that it has secured long-term, fixed-rate financing for The Landow Building in Bethesda, MD. A life company served as lender.
Located at 7910 Woodmont Avenue, The Landow Building is a Class A, freestanding office building totaling 213,112 square feet and is 98% leased. The property is well-located in the heart of Downtown Bethesda’s Woodmont Triangle, a live-work-play neighborhood with numerous amenities. It is also just three blocks from the Bethesda Metrorail station (Red Line).
“The Landow Building is a Bethesda landmark, and the quality of the asset and management experience of the ownership drew intense interest from prospective lenders,” said Mr. Mudd, Executive Managing Director. “Bethesda is the ‘CBD’ of suburban Maryland, and a property of this caliber with such well-respected owners (who originally built the building) will always find favor.”
About Cassidy Turley
Cassidy Turley is a leading commercial real estate services provider with more than 4,000 professionals in more than 60 offices nationwide. With headquarters in Washington, DC, the company represents a wide range of clients—from small businesses to Fortune 500 companies, from local non-profits to major institutions. The firm completed transactions valued at $25.8 billion in 2013, manages approximately 400 million square feet on behalf of institutional, corporate and private clients and supports more than 24,000 domestic corporate services locations. Cassidy Turley serves owners, investors and tenants with a full spectrum of integrated commercial real estate services—including capital markets, tenant representation, corporate services, project leasing, property management, project and development services, and research and consulting. Cassidy Turley enhances its global service delivery outside North America through a partnership with GVA, giving clients access to commercial real estate professionals in 65 international markets. Please visit www.cassidyturley.com for more information about Cassidy Turley.