Donohoe Buys Its Bethesda HQ For $106M

7101 Wisconsin Ave. NW Bethesda Donohoe USAA
The Office Building At 7101 Wisconsin Ave. In Bethesda

Donohoe Cos. has teamed up with USAA Real Estate to acquire the Downtown Bethesda office building where the company recently moved its headquarters.

The JV has acquired 7101 Wisconsin Ave., a 230K SF office building in Bethesda, from a JV of Brandywine Realty Trust and Allstate Investments, Donohoe announced Thursday. HFF brokered the deal.

The building sold for a price of $105.7M, or roughly $458/SF, as first reported by the Washington Business Journal and confirmed by a Donohoe spokesperson.

Brandywine and Allstate completed a major repositioning of the building in 2015, putting in a new lobby, conference facility and entrance facade. This helped it secure 140K SF of leases, including Donohoe and Miller & Long Cos., bring the building to 97% leased.

The deal marks the second major Bethesda office sale this week. French investor AXA broke into the D.C. market with the $140M acquisition of Montgomery Tower, a 366K SF office building in the Bethesda Crossing complex, from MRP Realty.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Washington, D.C. Newsletters
Related Stories

Google Delays Thompson Center Opening To 2028, Releases New Renderings

Loudoun County Moves To Pause Data Center Applications For 12 Months

Why Top-Secret Facilities Are Permeating Greater D.C.'s Office Market

DivcoWest Sells Glendale Office Building For $70M

Hines And Rialto Close Office Credit Fund At $1.1B

Rig Collapse At Citadel HQ Site Sends 4 To Hospital

Northern Virginia Office Tower Sells For Double Its 2024 Price

Design Plans Revealed For RFK Stadium Parking Garages, Headed To Review

Oxford Properties' U.S. Investment Head On Why It's Buying Office Again — And Where

Fertility Provider Opens Clinic At 1900 Lawrence Office Tower: The Denver Deal Sheet

Office Revenues Are Failing To Keep Pace With Expenses

Security Tech Firm Plans Loudoun HQ Move: The D.C. Deal Sheet