NORTH BETHESDA, MD–The Washington, DC-based Goodstone has acquired the vacant office at 6116 Executive Blvd. out of special serving, paying $9.5 million for the 217,732 square foot, eight-story building that once was home to the National Cancer Institute.
Indeed during the building's heyday some twelve years ago it traded for $81.4 million. The departure of the NIH office in 2013, however, was an understandable blow to this neighborhood.
Goodstone, though, believes this particular piece of North Bethesda is prime for a resurgence.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
