Search Results for: discovery sells

Discovery Sells Silver Spring Headquarters Building

Photo of Discovery’s headquarters with the famous Chompy by Flickr user and ©GlynLowe.com, published under a Creative Commons license. Discovery Communications has sold its headquarters building in downtown Silver Spring, according to reports. The buyers are a joint venture of Foulger-Pratt, based in Potomac, and Cerberus Capital Management, a New York private investment firm, reports WTOP. The radio station cites the Washington Business Journal, which broke the news in a subscriber-only story, as saying the price was $70 million. WTOP also quotes Cameron Pratt, chief executive of Foulger-Pratt, saying, “When the opportunity to purchase such an iconic, centrally-located building...

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New Name, Renovation Plans Attracting Potential Tenants to Discovery Building

With a new name and renovation plans in the approval process, the former Discovery building is drawing significant interest from potential tenants, according to Bryant Foulger, chairman of Foulger-Pratt. The Potomac-based company bought the building last fall in partnership with Cerberus Capital Management, a New York private investment firm. “It’s a great building. It’s an awesome building. That’s one of the things that attracted us to it,” Foulger said. “It’s a LEED Platinum building; it was one of the first in the area. It’s an attractive building, it’s well located, it’s next to Metro rail, Metro bus, soon to...

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Business Stories Dominate Source’s 2018 Most-Read Posts

Stories about local businesses have been the most widely read posts since the Source of the Spring launched in October 2016. Last year was no exception, as all 10 of 2018’s most-read articles were about Silver Spring businesses, though it wasn’t always good news. They are: Medical Marijuana Dispensary Plans Grand Opening This Weekend (May 18) Co-owners (and wife-husband team) Zeina Frayha and Terry Saad open HerbaFi. Classics Co-owner Releases Statement Closing (Feb. 15) Elliott Rattley issued a statement about the news of the steakhouse closing (see Number 4 below), which the Source posted verbatim. Hen Quarter Closes Silver...

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