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North Bethesda Market Named “Multifamily Deal of the Year” by the Washington Business Journal
May 25, 2011
North Bethesda Market, a pedestrian-friendly, mixed-use property developed by The JBG Companies and MacFarlane Partners in North Bethesda, Md., has been named Multifamily Deal of the Year by the Washington Business Journal.
The annual awards recognize the best of the best among the Washington region’s biggest real estate projects from the previous calendar year.
Completed in the fall of 2010, North Bethesda Market features 397 rental apartments and 200,000 square feet of retail and restaurant space that is anchored by Whole Foods Market. Roughly half of the apartments are housed in a 24-story, glass tower that is the tallest residential building in Montgomery County, Md.
North Bethesda Market is located on Rockville Pike, approximately seven miles northwest of the District of Columbia. It is directly across from the 800,000-square-foot White Flint Mall and two blocks south of the White Flint Metro station, which provides light-rail access to points throughout the Washington, D.C., metropolitan area.
North Bethesda Market is part of a multi-site portfolio of operating properties and development projects located in the Washington, D.C., metropolitan area that is jointly owned by MacFarlane Partners and The JBG Companies, one of the region’s leading real estate companies.
MacFarlane Partners made the investment on behalf of MacFarlane Urban Real Estate Fund II, its institutional real estate fund that invests in development, redevelopment and repositioning projects in urban and high-density suburban areas nationwide.
Click here to read the press release issued by The JBG Companies on May 25, 2011.
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