JLL Capital Markets announced that it 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. The buyer was Peterson Companies.
Delivered in 2021 to LEED Gold standards, 8001 Woodmont offers a luxury living experience with large average unit sizes, high-end finishes and an unmatched amenity package. The complex features a mix of one-, two- and three-bedroom units, as well as ground-floor retail anchored by Trader Joe’s. Residents can enjoy amenities such as a state-of-the-art fitness center, resort-inspired rooftop terrace, outdoor pool and 24/7 concierge service.
8001 Woodmont offers unparalleled access to the Bethesda Metro Station (Red Line) and the future Purple Line, while also being just minutes from Washington, D.C. The community sits in the heart of Bethesda’s vibrant live-work-play environment, surrounded by over 13 million square feet of office space and premier retail destinations within Woodmont Triangle and Bethesda Row.
Bethesda continues to be a thriving submarket with exceptional demographics, a highly educated workforce and proximity to major employers including NIH, Walter Reed and Marriott International’s headquarters. The area’s strong fundamentals and high barriers to entry make it an attractive investment submarket.
“The sale of 8001 Woodmont demonstrates the continued strong investor interest in high-quality multifamily assets in Bethesda,” said Jenkins. “This property’s strategic location in downtown Bethesda, coupled with its best-in-class amenities and strong performance, make it a standout investment in today’s market.”
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.
