The Bernstein Companies Acquires 50% Stake In Office Tower At 7750 Wisconsin Avenue For $430M

The property involved in the transaction is the office asset located at 7750 Wisconsin Avenue in Bethesda, MD. It is valued at $430 million, with a total space of 734,000 square feet, translating to a price per square foot of $586.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $430,000,000
• Buyer: The Bernstein Companies
• Seller: Owen D. Thomas - BXP
• Square Footage: 734,000
• Price Per Square Foot: $586

The transaction involved BXP Inc. selling its 50% stake in the office tower to its partner, Bernstein Cos. This sale reflects a significant partnership operation in the commercial property market, specifically concerning the ownership and management of the noted office asset.