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North Bethesda Office Park Sells With $210 Million Price Drop

Mostly Vacant Democracy Center To Undergo $12 Million Life Science Upgrade
The largest property of the three-building business park called Democracy Center is more than 70% vacant. (CoStar)
The largest property of the three-building business park called Democracy Center is more than 70% vacant. (CoStar)
CoStar News
September 15, 2022 | 8:20 P.M.

With hopes to reinvigorate a mostly empty office park, two real estate firms purchased a North Bethesda, Maryland, portfolio for $69.5 million, paying less than a quarter of what seller PGIM Real Estate paid in 2007.

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