{"id":46945,"date":"2026-02-16T07:36:53","date_gmt":"2026-02-16T04:36:53","guid":{"rendered":"https:\/\/www.commercialcafe.com\/blog\/?p=46945"},"modified":"2026-02-13T10:49:33","modified_gmt":"2026-02-13T07:49:33","slug":"carr-bethesda-office-reaches-full-occupancy-following-geico-expansion","status":"publish","type":"post","link":"https:\/\/www.commercialcafe.com\/blog\/carr-bethesda-office-reaches-full-occupancy-following-geico-expansion\/","title":{"rendered":"Carr Bethesda Office Reaches Full Occupancy Following Geico Expansion\u00a0"},"content":{"rendered":"

Carr Properties has successfully reached 100% occupancy at The Wilson, its landmark 348,000-square-foot office space in Bethesda<\/a>, Md., located at 7272 Wisconsin Avenue. This milestone was finalized following an expansion agreement with insurance giant Geico, which added 21,000 square feet to its existing footprint.<\/p>\n

Geico\u2019s latest commitment brings its presence in the 23-story tower to a total of 121,000 square feet. The insurer is slated to relocate its headquarters to the site in early 2026, though a precise move-in date has not yet been confirmed.<\/p>\n

This shift marks a strategic consolidation for the firm, as it prepares to vacate its 514,000-square-foot, company-owned headquarters in nearby Chevy Chase. That legacy facility at 5260 Western Avenue was originally constructed in 1959 and is considerably larger than the brand’s new workspace.<\/p>\n

\u201cOur new office will be an environment with the latest infrastructure and facilities, which will include flexible areas to work and layouts to encourage collaboration and interaction among our associates and their teams,\u201d an internal Geico memo said about its relocation effort at the time.<\/p>\n

Joining the insurance company at The Wilson is boutique fitness studio Barry\u2019s, which signed for 4,060 square feet to open its first Maryland location. Other prominent residents in the building include FOX 5 DC, UBS Group, Walker & Dunlop, and ProShares. In these transactions, Geico was represented by Asher Inman of CBRE, while Barry\u2019s was represented by Kim Stein and Jennifer Price of KLNB. The landlord\u2019s interests were managed by JLL\u2019s Bernie McCarthy, Danny Sheridan, and Amanda Davis, alongside Ryan Lopez of Carr Properties.<\/p>\n

The tower\u2019s stabilization follows a transformational year for Carr Properties, which is now under majority ownership by Alony Hetz. The firm has pivoted toward a trophy-focused strategy, recently selling two D.C. assets for $120 million and acquiring an office property near the White House at a major discount. Carr is also in the process of converting three distressed office buildings<\/a> into multifamily residences, including a 314-unit development at 2121 Virginia Avenue NW in Foggy Bottom.<\/p>\n","protected":false},"excerpt":{"rendered":"

Carr Properties has successfully reached 100% occupancy at The Wilson, its landmark 348,000-square-foot office space in Bethesda, Md., located at 7272 Wisconsin Avenue. This milestone was finalized following an expansion agreement with insurance giant Geico, which added 21,000 square feet to its existing footprint.<\/p>\n","protected":false},"author":56,"featured_media":46947,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"_wpas_customize_per_network":false},"categories":[37,38,4014,39],"tags":[],"class_list":["post-46945","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-commercial-real-estate-news","category-deals","category-featured","category-office","wpautop"],"acf":[],"yoast_head":"\nCarr Bethesda Office Reaches 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