BETHESDA TOWERS
Landmark Off-Market Acquisition Positions One of Downtown Bethesda’s Most Significant Future Redevelopment Opportunities
Bethesda, Maryland
Project Overview
CPG successfully represented Roadside Development LLC in the acquisition of Bethesda Towers, one of Downtown Bethesda’s most recognizable office campuses.
Completed through an off-market transaction, the acquisition included nearly 600,000 square feet of office space across three office buildings located at 4330, 4340, and 4350 East-West Highway, together with the structured parking facility at 4311 Montgomery Avenue. The campus features 1,227 parking spaces in above-grade and below-grade garages on approximately 2.8 acres within the heart of Bethesda’s Central Business District.
The Opportunity
As the Washington metropolitan region continues to experience increasing demand for mixed-use, transit-oriented redevelopment, large-scale urban infill opportunities have become increasingly scarce.
Bethesda Towers presented a unique opportunity to acquire a premier office campus at a significant discount to replacement cost while securing control of one of the most strategically located redevelopment sites in Montgomery County within walking distance to Bethesda Metro Center.
With zoning of CR 6.25 H-145′ and CR 3.0 H-120′, the property offers substantial long-term flexibility for repositioning, redevelopment, and value creation as Downtown Bethesda continues to evolve.
CPG’s Role
CPG represented Roadside Development LLC throughout the acquisition process, providing strategic advisory services and transaction execution from initial negotiations through closing.
Working collaboratively with ownership, lenders, legal counsel, and consultants, CPG helped navigate the complexities associated with a transaction of this scale while maintaining a disciplined focus on execution and long-term value creation.
Our team’s experience underwriting covered land opportunities, understanding municipal redevelopment trends and land use, and identifying long-term development potential positioned the acquisition for a successful outcome.
Transaction Highlights
| Transaction Type | Off-Market Acquisition |
| Client | Roadside Development LLC |
| Asset Type | Office / Covered Land Redevelopment Opportunity |
| Location | 4330-4350 East-West Highway Bethesda, MD |
| Building Area | Approximately 600,000 SF |
| Land Area | Approximately 2.8 Acres |
| Parking | 1,227 Structured Parking Spaces |
| Zoning | CR 6.25 H-145′ & CR 3.0 H-120′ |
| CPG Services | Buyer & Seller Advisory, Transaction Structuring, Due Diligence, Closing Management |
The Result
The successful acquisition positions Roadside Development to control one of the most significant redevelopment opportunities within Montgomery County’s premier urban submarket.
As office markets continue to evolve, Bethesda Towers represents the type of high-quality covered land investment that allows experienced developers to create long-term value through thoughtful repositioning and future mixed-use redevelopment.
Why This Matters
CPG specializes in identifying opportunities where today’s real estate can become tomorrow’s highest and best use.
The Bethesda Towers transaction demonstrates CPG’s ability to source, structure, and execute complex off-market acquisitions while helping clients recognize value beyond current cash flow. By combining market intelligence, redevelopment expertise, and disciplined execution, CPG continues to help investors secure irreplaceable urban infill assets positioned for long-term appreciation.
This transaction further reinforces CPG’s leadership in advising owners, developers, and institutional investors on complex redevelopment opportunities throughout the Washington metropolitan region.