255 Rockville Pike, a property in Rockville known as the Rockville Center, was recently sold via auction. According to a Maryland Newsletters report, a group called 255 Rockville Pike LLC paid $5.72 million for the building.
Real Estate
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Earlier this week, a little more than a month since the one year anniversary of Washington Commanders owner Dan Snyder putting his 30,000 SF home at 11900 River Rd. is Potomac up for sale, we let you know that the house was pulled from the market. It has since been revealed that the house was donated to the American Cancer Society. The home was initially listed at $49 million, which would have been a DMV record if it sold for the asking price. In August 2023, the home listing showed that the asking price dropped by 28.8% and is currently at $34.9 million.
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Update: The home has been donated to the American Cancer Society
A little more than a month since the one year anniversary of Washington Commanders owner Dan Snyder putting his 30,000 SF home at 11900 River Rd. is Potomac up for sale– the house was pulled from the market and donated to the American Cancer Society. The home was initially listed at $49 million, which would have been a DMV record if it sold for the asking price. In August 2023, the home listing showed that the asking price dropped by 28.8% and is currently at $34.9 million.
Finmarc Management, headquartered in Bethesda, has announced the sale of a two-story office building in Gaithersburg for nearly $4.35 million on Tuesday.
A portion of a Wheaton shopping center (11226 and 1130 Georgia Avenue) has been purchased by “1633 Wisconsin Avenue LLC” for $4.2 million.
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The highest-priced new build in Bethesda (6616 Fernwood Ct.) has sold for $7.55 million. According to Maryland Newsletters, the home was completed last month and traded soon after completion after sitting on the infill market listings for approximately one year. More on the 11,397 SF home below, per the listing (photos below):
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In-Rel Properties has acquired a 16 story office building located at 7500 Old Georgetown Road in Bethesda, for $29.85 million, according to a report by Commercial Observer.
Development expands Comstock’s transit-oriented position adjacent to Rockville Metro Station
Matan Companies, a real estate development and investment firm, recently executed a full-building lease agreement with AstraZeneca, a global, science-led biopharmaceutical company, for 198,000 square feet at 700 Progress Way in Gaithersburg. The development is currently the home of a recently opened Chick-fil-A and Sheetz, but it’s looking to add more to the retail side of things.
The Potomac Promenade, a shopping center located at 9812 Falls Rd., has sold for approximately $77.4 million, according to a report by Maryland Newsletters.