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JLL Reps JBG Smith in $194M Sale of Bethesda MF Asset
JLL has secured the $194 million sale of 8001 Woodmont, a 322-unit trophy multifamily asset with 19,452 SF of premier retail space in Bethesda, Maryland.
JLL worked on behalf of the seller, JBG Smith Properties. JLL Capital Market’s Investment and Sales Advisory team representing the seller was led by Managing Director Robert Jenkins, Managing Director Bret Thompson and Director Andrew Gemma. The buyer was Peterson Companies.
Delivered in 2021, 8001 Woodmont features a mix of one-, two- and three-bedroom units, as well as ground-floor retail anchored by Trader Joe’s. 8001 Woodmont offers access to the Bethesda Metro Station, while also being just minutes from Washington, D.C.
The community sits in the heart of Bethesda’s live-work-play environment, surrounded by over 13 million square feet of office space and retail destinations within Woodmont Triangle and Bethesda Row. “The sale of 8001 Woodmont demonstrates the continued strong investor interest in high-quality multifamily assets in Bethesda,” said Jenkins.
