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CP Group Closes Nearly 100K SF in Bethesda Leasing Activity
CP Group, along with DRA Advisors, has executed almost 100,000 square feet of leasing activity at CapRock, a three-building, 709,313-square-foot office campus in Bethesda, Maryland.
The leasing momentum follows CP Group’s rebranding of CapRock and a $12+ million capital improvement program since acquiring the property in 2022. The lease agreements include five new tenants and one lease renewal from an existing anchor tenant. Bernie McCarthy, Amanda Davis, Danny Sheridan, and Patrick Hall of JLL represented the landlord in all transactions.
“Our ongoing building upgrades have been key in attracting tenants from a range of industries, including medical users — a primary focus for our growth and a first for the campus,” said Josh Edwards, Senior Vice President at CP Group.
CP Group rebranded the property to CapRock — formerly Democracy Center — in 2023 as part of its repositioning efforts, which included a multi-million-dollar renovation. Originally designed by Skidmore Owings & Merrill and developed by Boston Properties, CapRock consists of two nine-story buildings and one 15-story building.
