{"id":1004403641,"date":"2020-03-27T03:55:10","date_gmt":"2020-03-27T11:55:10","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004403641"},"modified":"2020-03-27T03:58:37","modified_gmt":"2020-03-27T11:58:37","slug":"bridge-investment-buys-revamped-maryland-office-asset","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/bridge-investment-buys-revamped-maryland-office-asset\/","title":{"rendered":"Bridge Investment Buys Revamped Maryland Office Asset"},"content":{"rendered":"<div id=\"attachment_1004403659\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/03\/77-Upper-Rock.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004403659\" data-attachment-id=\"1004403659\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/bridge-investment-buys-revamped-maryland-office-asset\/77-upper-rock\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/03\/77-Upper-Rock.jpg\" data-orig-size=\"640,480\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"77 Upper Rock\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;77 Upper Rock&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/03\/77-Upper-Rock.jpg?w=640\" class=\"wp-image-1004403659 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/03\/77-Upper-Rock.jpg\" alt=\"\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/03\/77-Upper-Rock.jpg 640w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/03\/77-Upper-Rock.jpg?resize=300,225 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004403659\" class=\"wp-caption-text\">77 Upper Rock<\/p><\/div>\n<p>Bridge Investment Group has acquired&nbsp;77 Upper Rock, a&nbsp;235,210-square-foot, Class A office building in Rockville, Md. The company completed the purchase through its subsidiary,&nbsp;Bridge Office Fund Manager. According to public records, the <a href=\"https:\/\/www.commercialsearch.com\/news\/transwestern-tapped-for-leasing-pm-services-of-md-asset\/\">previous owner was DSC Partners<\/a>.<\/p>\n<p>Located at&nbsp;77 Upper Rock Circle, the eight-story building came online in 2005 and recently underwent a $6.5 million repositioning program. Capital improvements included upgrades to the lobby,&nbsp;conference center, restrooms and elevators, the addition of&nbsp;a tenant lounge with Wi-Fi, a coffee bar and several breakout areas. Tenants also have access to&nbsp;outdoor seating, a new fitness center with a yoga studio, locker rooms and Peloton bicycles.<\/p>\n<p>The building is home to companies such as&nbsp;M&amp;T Bank, Cisco Systems, Nutricia North America,&nbsp;Aurinia and Potomac-Hudson Engineering. Office availabilities at 77 Upper Rock&nbsp;range from 7,515 to over 30,000 square feet.&nbsp;<\/p>\n<p>The property is situated&nbsp;at the interchange of Shady Grove Road and Interstate 270, within the Upper Rock District, an expansive live-work-play community. The campus includes&nbsp;Gables Upper Rock, a 551-unit community completed in 2004, and 34,700 square feet of retail space.<\/p>\n<p>Tommy&nbsp;Spinosa, acquisitions director at Bridge Investment Group, represented the buyer in-house. JLL Senior Managing Director Andrew Weir worked on behalf of the seller.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Class A building recently underwent a $6.5 million capital improvement program.<\/p>\n","protected":false},"author":1012,"featured_media":1004403659,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,11,21742,21747,1615],"tags":[42119,43553,36351,37400,32796,49058],"class_list":["post-1004403641","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-midatlantic","category-latest","category-office","category-washington-dc","tag-andrew-weir","tag-bridge-investment-group","tag-capital-improvement","tag-dsc-partners","tag-jll","tag-tommy-spinosa"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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