Thursday, April 06, 2017
DC developer buys downtown Bethesda office building
Developer Douglas Jemal has been active with a number of transactions in downtown Bethesda in recent years. Douglas Development sold its 8008 Wisconsin property to Toll Brothers, acquired a small parking lot on Del Ray Avenue, and just this week celebrated a addition of new anchor tenant Target at its Shops of Wisconsin mall.
The most anticipated Douglas project is on the properties that house the old Tommy Joe's space, and the venerable Pines of Rome restaurant, giving the firm a through-block space large enough for a major mixed-use high rise.