536,000-SF Office Property Sells for Reported $127M

BETHESDA, MD-A joint venture of Urdang & Associates and Moore & Associates has acquired the Bethesda Towers for a rumored $127.4 million. The 536,000-sf, three-building office complex once known as East West Towers, was purchased from Quadrangle Development Corp.

The seller–which had purchased the property under the name East West Towers LLC and which relied on the assistance of Spaulding & Slye Colliers to secure a buyer–had acquired the trio of class B buildings with Rockwood Capital six years ago for about $78.6 million. Carrying the addresses of 4330, 4340 and 4350 East West Hwy., Bethesda Towers sits near the Capital Beltway and Interstate 270 in the city’s central business district.