Peel Properties Acquires Office Building From Carr Properties In Bethesda For $35 Million

The office building located at 4500 East West Highway in Bethesda, MD, was sold for $35,000,000. The property spans 228,372 square feet, translating to a price per square foot of $153. It is noted for being LEED Platinum-certified and is situated two blocks from the Bethesda Metro station. The building features a conference center, a fitness center, a bike room, and underground parking facilities.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $35,000,000
• Square Footage: 228,372
• Address: 4500 East West Highway
• Market: Bethesda, MD
• Buyer: Peel Properties
• Seller: Carr Properties
• Price per Square Foot: $153

Carr Properties executed the sale of the property to Peel Properties, completing the transaction on May 14, 2025. The involvement of Peel Properties as the buyer and Carr Properties as the seller demonstrates a noteworthy exchange in the Bethesda office market.