{"id":1004797187,"date":"2026-05-04T05:17:51","date_gmt":"2026-05-04T13:17:51","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004797187"},"modified":"2026-05-05T01:36:03","modified_gmt":"2026-05-05T09:36:03","slug":"forbright-bank-buys-suburban-dc-office-building","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/forbright-bank-buys-suburban-dc-office-building\/","title":{"rendered":"Forbright Bank Buys Suburban DC Office Building"},"content":{"rendered":"\n

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Chase Tower has served as Forbright Bank’s headquarters since 2020.
Image courtesy of Yardi Matrix<\/em><\/figcaption><\/figure><\/div>\n\n\n

Forbright Bank has acquired Chase Tower, a 12-story office tower in Chevy Chase, Md., that houses the bank’s headquarters. The previous owner was German investment firm WealthCap, according to Yardi Matrix.<\/p>\n\n\n\n

The property, developed in 2001, includes 227,000 square feet of office space and 18,000 square feet of retail space, as well as a below-ground parking structure. The building is LEED Silver-certified and is transit-oriented, within walking distance of the Friendship Heights Metro station. The building has been the Forbright Bank\u2019s headquarters since 2020.<\/p>\n\n\n\n

Forbright Bank, originally established as Congressional Bank in 2003, rebranded itself in 2022. Forbright specializes in middle market lending and digital consumer banking. The bank holds about $7 billion in assets.<\/p>\n\n\n\n

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The firm said in prepared remarks that owning Chase Tower allows Forbright to convert rent payments into an owned asset while eliminating long-term lease rollover risk. The deal also provides the bank with flexibility to expand its footprint as it grows. <\/p>\n\n\n\n

As landlord, the bank will continue to lease space to third-party tenants and will make upgrades to the building’s technology and spaces. Investment firm Enlightenment Capital is a tenant in the building and plans to expand its space. In addition to its headquarters at Chase Tower, Forbright operates a service hub on the ground floor to provide in-person services.<\/p>\n\n\n\n

R3 Ventures will co-invest and serve as asset manager for the building. JBG Smith will remain as property manager, providing continuity of service for existing and prospective tenants. Cushman & Wakefield advised Forbright during the transaction.<\/p>\n\n\n\n

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