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.
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