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Washington DC & Mid-Atlantic  + Maryland  + Office  |  August 27, 2025
Jasmine Kilman
By: Jasmine Kilman

MRP Realty, Prime Finance Acquire Bethesda Office Portfolio Via Foreclosure

MRP Realty and Prime Finance Special Solutions have closed the acquisition of Bethesda Crescent, a four-property office portfolio in Bethesda, Maryland, totaling 287,529 square feet. The joint venture purchased the portfolio for $28 million through a foreclosure after affiliates of Brookfield Properties defaulted on its loan.

“MRP Realty is proud to partner with Prime Finance on this pivotal project. We have been active in this area of downtown Bethesda since we acquired the former Air Rights building at 7315 Wisconsin Avenue in 2013, which is now Bethesda Crossing,” said Nick Gordon, MRP Realty Vice President. “We look forward to contributing to the re-vitalization of this submarket through our efforts to reposition the Bethesda Crescent portfolio.”

The Bethesda Crescent portfolio includes 7475 Wisconsin Avenue, 7401 Wisconsin Avenue, 4600 East-West Highway, and 4650 East-West Highway, comprising a total of 287,529 square feet. MRP has managed the development and repositioning of over 14.2 million square feet of residential and commercial real estate at a total project value of $7.8 billion.

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About Jasmine Kilman

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.
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