ROCKVILLE, MD–Transwestern has been retained by DSC Partners to provide leasing and property management services for 77 Upper Rock, a 232,282-square-foot office building. Transwestern's Phil McCarthy, Keith Foery, Ethan Bernardi and Nathan Bortnick are handling leasing while Colin Diefenbach is leading property management services for the building.
Built in 2007, the eight-story 77 Upper Rock is currently empty, but Transwestern's plan is to focus on the amenities that are set to spring up around this erstwhile corporate office neighborhood as well as in the building itself. DSC Partners will undertake a base building renovation to add fitness facilities, conference rooms, tenant common areas and green space.
“The area surrounding 77 Upper Rock is undergoing a major revitalization,” McCarthy said in a prepared statement. “What was once a large swath of older office buildings near the Shady Grove Metro Station is now set to become a walkable, mixed-use environment.” Coming amenities include MOM's Organic Market, Cava Mezze and CVS. “In addition, an adjacent $650 million mixed-use project by Lantian Development and 1788 is in the works now,” he added.
DSC Partners announced its launch last month, along with the $19.5 million purchase of 77 Upper Rock from the former JBG Cos.
Douglas Donatelli and Nicholas Smith, the former CEO and CIO of First Potomac Realty Trust are the company's co-founders. DSC Partners will focus on value-add opportunities across multiple asset types in the Washington DC area. 77 Upper Rock is an ideal property to showcase what the company will be seeking out, Smith says in a prepared statement. Improving this “well-positioned property”, he said, will attract prospective tenants in the Maryland market and generate strong demand.
ROCKVILLE, MD–Transwestern has been retained by DSC Partners to provide leasing and property management services for 77 Upper Rock, a 232,282-square-foot office building. Transwestern's Phil McCarthy, Keith Foery, Ethan Bernardi and Nathan Bortnick are handling leasing while Colin Diefenbach is leading property management services for the building.
Built in 2007, the eight-story 77 Upper Rock is currently empty, but Transwestern's plan is to focus on the amenities that are set to spring up around this erstwhile corporate office neighborhood as well as in the building itself. DSC Partners will undertake a base building renovation to add fitness facilities, conference rooms, tenant common areas and green space.
“The area surrounding 77 Upper Rock is undergoing a major revitalization,” McCarthy said in a prepared statement. “What was once a large swath of older office buildings near the Shady Grove Metro Station is now set to become a walkable, mixed-use environment.” Coming amenities include MOM's Organic Market, Cava Mezze and CVS. “In addition, an adjacent $650 million mixed-use project by Lantian Development and 1788 is in the works now,” he added.
DSC Partners announced its launch last month, along with the $19.5 million purchase of 77 Upper Rock from the former JBG Cos.
Douglas Donatelli and Nicholas Smith, the former CEO and CIO of First Potomac Realty Trust are the company's co-founders. DSC Partners will focus on value-add opportunities across multiple asset types in the Washington DC area. 77 Upper Rock is an ideal property to showcase what the company will be seeking out, Smith says in a prepared statement. Improving this “well-positioned property”, he said, will attract prospective tenants in the Maryland market and generate strong demand.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
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.
