{"id":1004760323,"date":"2025-06-03T03:07:55","date_gmt":"2025-06-03T11:07:55","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004760323"},"modified":"2025-06-03T03:12:45","modified_gmt":"2025-06-03T11:12:45","slug":"kaiser-permanente-sells-dc-area-headquarters","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/kaiser-permanente-sells-dc-area-headquarters\/","title":{"rendered":"Kaiser Permanente Sells DC-Area Headquarters"},"content":{"rendered":"<div class=\"wp-block-image\">\n<figure class=\"alignright size-full is-resized\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/06\/6875-e1748942730830.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"640\" height=\"480\" data-attachment-id=\"1004760327\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/kaiser-permanente-sells-dc-area-headquarters\/attachment\/6875\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/06\/6875-e1748942730830.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;\\u00a9 Yardi Systems, Inc.&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=\"2101 E. Jefferson St.\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;The property is at 2101 E. Jefferson St. in Rockville, Md. Image courtesy of CommercialEdge&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/06\/6875-e1748942730830.jpg?w=640\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/06\/6875-e1748942730830.jpg\" alt=\"Exterior shot of the office building at 2101 E. Jefferson St. in Rockville, Md.\" class=\"wp-image-1004760327\" style=\"width:400px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/06\/6875-e1748942730830.jpg 640w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/06\/6875-e1748942730830.jpg?resize=300,225 300w\" sizes=\"auto, (max-width: 640px) 100vw, 640px\" \/><\/a><figcaption class=\"wp-element-caption\">Completed in 1985, the seven-story office building is at 2101 E. Jefferson St. in Rockville, Md. <em>Image courtesy of CommercialEdge<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>Kaiser Permanente has sold its regional headquarters, a 222,462-square-foot office building in North Bethesda, Md., to Lindsay Automotive Group, <em>Washington Business Journal <\/em>reported. The buyer paid $10.3 million for the asset and plans to relocate its Wheaton Ford dealership at the property, the same source shows.<\/p>\n\n\n\n<p>JLL Capital Markets represented the seller and procured the buyer.<\/p>\n\n\n\n<p>Located at 2101 E. Jefferson St. on 4 acres, the building had been vacant since January, when Kaiser Permanente moved its headquarters to Hyattsville, Md., according to <em>Washington Business Journal<\/em>. <\/p>\n\n\n\n<p>The property has access to Interstate 270, U.S. Highway 355 and to multiple bus and subway stations. Bethesda, Md. is 6 miles away, downtown Washington, D.C. is 13 miles away and Ronald Reagan Washington National Airport is within 18 miles of the property.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p><strong>READ ALSO:<\/strong> <a href=\"https:\/\/www.commercialsearch.com\/news\/step-into-my-office-wait-and-see-for-dc\/\">Step Into My Office: \u2018Wait and See\u2019 for DC?<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p>Completed in 1985, the building was used by Kaiser Foundation Health Plan of the Mid-Atlantic States Inc. since 1992, when it was acquired for approximately $20.4 million, according to CommercialEdge. The seven-story building features 31,781-square-foot floorplates, seven passenger elevators and 235 vehicle parking spots.<\/p>\n\n\n\n<p>Senior Managing Directors Jim Meisel and Andrew Weir, together with Senior Director Dave Baker and Director Kevin Byrd with JLL Capital Markets negotiated on behalf of the seller.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-d-c-emerges-as-top-performer-in-office-deals\">D.C. emerges as top performer in office deals<\/h2>\n\n\n\n<p>Despite the rise of discount deals in the sector, Washington, D.C.&#8217;s total <a href=\"https:\/\/www.commercialsearch.com\/news\/wp-admin\/post.php?post=1004760323&amp;action=edit\">office sales volume<\/a> ranked second nationwide as of April, according to a recent <a href=\"https:\/\/www.commercialsearch.com\/news\/commercialedge-office-report-april-2025-2\/\">CommercialEdge report<\/a>. The metro emerged as a top performed in office deals, with $1.3 billion in sales, after Manhattan&#8217;s approximately $2.6 billion. Assets traded at an average of $252 per square foot, surpassing Austin for the first time in months and ranking among the top 10 priciest office markets.<\/p>\n\n\n\n<p>Some notable deals closed in the metro since the start of the year include Nuveen Real Estate&#8217;s <a href=\"https:\/\/www.commercialsearch.com\/news\/nuveen-sells-dc-office-building-for-118m\/\">$118 million sale <\/a>of an office building at 1401 H St. NW. Tourmaline Capital Partners picked up the property after Nuveen put it on the market for nearly two years. The sale price is more than half of what Nuveen initially paid for the asset.<\/p>\n\n\n\n<p>Another discount deal in the metro was Rockwood Capital&#8217;s <a href=\"https:\/\/www.commercialsearch.com\/news\/brookfield-sells-another-office-building\/\">$153 million acquisition of the Victor Building<\/a>, a 1909-vintage property totaling 316,000 square feet. Brookfield Properties sold the nine-story asset after owning it since 2005, when the company purchased the asset at a slightly higher price.<\/p>\n","protected":false},"excerpt":{"rendered":"<p> The property traded at a considerable discount.<\/p>\n","protected":false},"author":2991,"featured_media":1004760327,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21783,11,21742,21747,1615],"tags":[44006,35954],"class_list":["post-1004760323","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment","category-midatlantic","category-latest","category-office","category-washington-dc","tag-jll-capital-markets","tag-kaiser-permanente"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Kaiser Permanente Sells DC-Area Headquarters - 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