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Press Release

North Bethesda Market — New Pedestrian-Friendly,
Mixed-Use Property North of D.C. — Tops Off

August 20, 2009

It’s official: North Bethesda Market, a pedestrian-friendly, mixed-use property currently under development in North Bethesda, Md., has topped off.

Construction crews have laid the last pour on the property’s 24-story, glass tower – the tallest residential building in Montgomery County, Md., which lies directly north and northwest of Washington, D.C.

North Bethesda Market broke ground in December 2007 and is located on Rockville Pike, directly across from the 800,000-square-foot White Flint Mall and two blocks south of the White Flint Metro station, which provides light-rail access to points throughout the Washington, D.C., metropolitan area.

When completed, the property will offer a dynamic new setting for shopping, working, dining and living. It will feature 200,000 square feet of retail space anchored by Whole Foods Market and L.A. Fitness; and 397 rental apartments, roughly half of which will be located in the 24-story tower, with the remainder housed in a six-story, mid-rise building.

North Bethesda Market is part of a multi-site portfolio of operating properties and development projects located in the Washington, D.C., metropolitan area that is jointly owned by MacFarlane Partners and The JBG Companies, one of the region’s leading real estate companies.

MacFarlane Partners made the investment on behalf of MacFarlane Urban Real Estate Fund II, its institutional real estate fund that invests in development, redevelopment and repositioning projects in urban and high-density suburban areas nationwide.

Click here to read the press release issued by The JBG Companies on August 20, 2009.


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