David Steinberg And Eli Fleischman Secure $22 Million Loan For 3-Building Office Complex In Silver Spring

8401 Colesville Road

$23,100,000

$32/SF

Building Size

712,787 SF

Asset Type

Office

Closing

Jun 25, 2026

AI

The asset involved in this transaction is a three-building office complex located at 8401 Colesville Road in Silver Spring, MD. The total square footage of the complex is 712,787. The loan amount secured for the acquisition of this property is $22,000,000.

Summary of transaction details:

Property Type: 3-Building Office Complex
Transaction Amount: $22,000,000
Loan Type: Acquisition
Lender: Life Insurance Company
Landlord: David Steinberg - Ascendra Capital & Eli Fleischman - Blue Management Services
Landlord's Representatives: Louis Halperin, Morris Betesh & Seth Grossman - Arrow Real Estate Advisors
Date of Transaction: 6/26/2026

This transaction involved key figures including David Steinberg representing Ascendra Capital and Eli Fleischman representing Blue Management Services as landlords. The landlord's representatives comprised Louis Halperin, Morris Betesh, and Seth Grossman from Arrow Real Estate Advisors, showcasing a collaborative effort among experienced professionals in this acquisition deal.

Players