Downtown Silver Spring Office Complex Sold to Atlanta Group

The Station Square office complex in downtown Silver Spring was sold last week to Atlanta-based Bridge Office Fund Manager LLC, according to a company press release.

The complex includes three buildings—1100 Wayne Ave., 1010 Wayne Ave. and 8484 Georgia Ave.—with a total of 510,200 square feet of Class A office space close to the Metro and the future Purple Line stations.

Bridge Office plans to invest more that $12 million in renovations to the buildings, which were built between 1982 and 1987, the company said. Changes include revamping the courtyard and entrance to 1010 Wayne Ave. and a co-working concept at 8484 Georgia Ave. with amenities such as modern common areas with a coffee bar, communal workspace and a state-of-the-art conference room.

The owners also plan to reposition select office spaces at Station Square for a new spec suite program “to address growing market demand for move-in ready offices. The spec suites will include open floor plans, creative lounge space and an array of tech-friendly amenities that are relevant to the next generation of office users,” the release said.

Bridge Office is a subsidiary of Bridge Investment Group, a privately held real estate investment management firm with $13.5 billion in assets under management. The price of the Station Square transaction was not provided.

Photo of Station Square courtesy The Wilbert Group.

Mike Diegel

Co-Founder/Editor at Source of the Spring
Mike Diegel, a founding member of Source of the Spring, is a Silver Spring advocate who has been appointed by the county executive to several committees and task forces. He currently is a member of the Silver Spring Arts & Entertainment District Advisory Committee. His background is in journalism and he earned a bachelor of arts in communications from McDaniel College. He is self-employed as a communications consultant and is an active volunteer with Appalachian Great Pyrenees Rescue. He has lived for more than 20 years in Northwood/Four Corners with his wife Trish and multiple Great Pyrenees dogs. He is better known around Silver Spring as the Guy with the Big White Dogs.
Downtown Silver Spring Office Complex Sold to Atlanta Group