Washington Business Journal - Akridge Fairmont Building in Bethesda sells for $46M

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Washington Business Journal

District-based Akridge has sold its 12-story Fairmont Building in downtown Bethesda for $46 million, or roughly $375 per square foot, to the affiliate of a trust operated by Choice Hotels International Inc. founder Stewart Bainum Sr.

Akridge retained Cushman & Wakefield Inc. earlier this year to market the 122,543-square-foot building to interested tenants, and Cushman broker Eric Berkman said the offering attracted around 20 offers from investors across the country.

Akridge Fairmont Building in Bethesda sells for $46M

Contacts

Jacqueline Monahan

Jacqueline Monahan

Account Manager, Portfolio Administration

Account Manager, Portfolio Administration

Tampa, FL

Phone +1 813 349-8348

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