MRP Realty and Prime Finance Special Situations have acquired the Bethesda Crescent office portfolio, a four-property collection totaling 287,529 square feet in downtown Bethesda, on August 11, 2025. BizJournals reports the sale was for “$28 million through a foreclosure after affiliates of Brookfield Properties defaulted on their loan. The sale price is about a third of the $76 million loan the Brookfield entities took out against them in 2021.”
The portfolio includes 7475 Wisconsin Avenue, 7401 Wisconsin Avenue, 4600 East-West Highway, and 4650 East-West Highway, with plans to reposition and revitalize the properties as part of broader development efforts in the area.
“MRP Realty is proud to partner with Prime Finance on this pivotal project. We have been active in this area of downtown Bethesda since we acquired the former Air Rights building at 7315 Wisconsin Avenue in 2013, which is now Bethesda Crossing,” said Nick Gordon, MRP Realty Vice President. “We look forward to contributing to the re-vitalization of this submarket through our efforts to reposition the Bethesda Crescent portfolio.”
