8001 Woodmont: $194M sale secured for trophy multifamily asset in Maryland
JLL Capital Markets facilitates sale of luxury apartment complex in downtown Bethesda
WASHINGTON, D.C., Feb. 28, 2025 – JLL Capital Markets announced today that it has secured the $194 million sale of 8001 Woodmont, a 322-unit trophy multifamily asset with 19,452 SF of premier retail space in Bethesda, Maryland.
JLL worked on behalf of the seller, JBG Smith Properties. The buyer was Peterson Companies.
Delivered in 2021 to LEED Gold standards, 8001 Woodmont offers a luxury living experience with large average unit sizes, high-end finishes and an unmatched amenity package. The complex features a mix of one-, two- and three-bedroom units, as well as ground-floor retail anchored by Trader Joe's. Residents can enjoy amenities such as a state-of-the-art fitness center, resort-inspired rooftop terrace, outdoor pool and 24/7 concierge service.
8001 Woodmont offers unparalleled access to the Bethesda Metro Station (Red Line) and the future Purple Line, while also being just minutes from Washington, D.C. The community sits in the heart of Bethesda's vibrant live-work-play environment, surrounded by over 13 million square feet of office space and premier retail destinations within Woodmont Triangle and Bethesda Row.
Bethesda continues to be a thriving submarket with exceptional demographics, a highly educated workforce and proximity to major employers including NIH, Walter Reed and Marriott International's headquarters. The area's strong fundamentals and high barriers to entry make it an attractive investment submarket.
JLL Capital Market’s Investment and Sales Advisory team representing the seller was led by Managing Director Robert Jenkins, Managing Director Bret Thompson and Director Andrew Gemma.
"The sale of 8001 Woodmont demonstrates the continued strong investor interest in high-quality multifamily assets in Bethesda," said Jenkins. "This property's strategic location in downtown Bethesda, coupled with its best-in-class amenities and strong performance, make it a standout investment in today's market."
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.
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About JLL
For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500® company with annual revenue of $23.4 billion and operations in over 80 countries around the world, our more than 112,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAYSM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.
JBG SMITH owns, operates and develops mixed-use properties concentrated in amenity-rich, Metro-served submarkets in and around Washington, DC, most notably National Landing, that they believe have long-term growth potential and appeal to residential, office and retail tenants. Through an intense focus on placemaking, JBG SMITH cultivates vibrant, highly amenitized, walkable neighborhoods throughout the Washington, DC metropolitan area. Approximately 75.0% of JBG SMITH's holdings are in the National Landing submarket in Northern Virginia, which is anchored by four key demand drivers: Amazon's headquarters; Virginia Tech's $1 billion Innovation Campus; proximity to the Pentagon; and their placemaking initiatives and public infrastructure improvements. JBG SMITH's dynamic portfolio currently comprises 12.5 million square feet of multifamily, office and retail assets at share, 98% of which are Metro-served. It also maintains a development pipeline encompassing 8.9 million square feet of mixed-use, primarily multifamily, development opportunities. JBG SMITH is committed to the operation and development of green, smart and healthy buildings and plans to maintain carbon neutral operations annually. For more information on JBG SMITH please visit www.jbgsmith.com.
About Peterson Companies
As one of the largest privately-owned real estate development companies in the D.C. region, Peterson Companies consistently delivers some of the area’s most exciting mixed-use retail, residential and commercial destinations. Over the past 60 years, Peterson has created such exceptional landmarks as National Harbor, Downtown Silver Spring, Fair Lakes and Fairfax Corner. With a proven ability to move quickly on opportunities to reshape and enhance local communities, the company creates vibrant residential and business districts that benefit all who live and work in their region. For more information about the Peterson Companies, please visit www.petersoncos.com.