Mixed-Use Building News

mixed-use

Geico Expansion Brings Carr Trophy Office To Full Occupancy In Maryland

ByArticle Source LogoCommercial ObserverFebruary 05, 20262 min read
Commercial Observer

Carr Properties is making it look easy to fill office space in the DMV — so easy that even a caveman could do it. 

The Washington, D.C.-based development and investment firm has fully leased the Wilson, a 348,000-square-foot trophy office at 7272 Wisconsin Avenue in Bethesda, Md., via a 21,000-square-foot expansion deal with insurance giant Geico. Geico had previously signed for 100,000 square feet at the 23-story building, which it announced it would relocate to in early 2026 from its former headquarters. It’s unclear when exactly the company will move to the Wilson. 

CBRE’s Asher Inman represented Geico in the deal, while JLL’s Bernie McCarthy, Danny Sheridan and Amanda Davis, as well as Carr’s Ryan Lopez, represented the landlord. 

Carr also secured a 4,060-square-foot lease with boutique fitness studio Barry’s at 7272 Wisconsin Avenue. The space is Barry’s first location in Maryland. KLNB’s Kim Stein and Jennifer Price represented Barry’s for that deal, while Lopez again represented Carr in-house. Other tenants at the tower include local news channel FOX 5 DC, UBS Group, Walker & Dunlop and ProShares. 

While Geico’s most recent deal with Carr is an expansion, its move last year from its longtime headquarters in nearby Chevy Chase, Md., constituted a major downsize. Company-owned and originally constructed in 1959, Geico’s former office at 5260 Western Avenue was 514,000 square feet. 

“Our 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,” an internal Geico memo said about its relocation effort at the time. 

Still, the deal is yet another win for Carr Properties, which has experienced a transformational 12 months. Aside from its new majority ownership under Alony Hetz and renewed focus on its trophy portfolio, Carr also recently sold two D.C. properties for about $120 million, acquired a White House-adjacent office property at a major discount, and is in the process of converting three distressed offices into multifamily residences. 

Oliver Carr III recently sat down with CO to discuss his firm’s banner year, as well as his forecast for the future of Washington, D.C., in general and how the city factors into his long-term plans. 

Nick Trombola can be reached at ntrombola@commercialobserver.com.

Share Your Insights!

Publish your articles, reach a global audience, and make an impact.

0
Recent Comments

Mixed-Use Related News You might want to check out

View by
Art As Civic Infrastructure: Why Place Making Starts With Artists
Art As Civic Infrastructure: Why Place Making Starts With Artists
Urban Land
05 February 2026
mixed-use
Design Company Square Design Inks 24K-Sf Deal At Industry City
Design Company Square Design Inks 24K-Sf Deal At Industry City
Commercial Observer
05 February 2026
mixed-use
Tech Firm Workos Signs 6K-Sf Deal At 466 Broome Street
Tech Firm Workos Signs 6K-Sf Deal At 466 Broome Street
Commercial Observer
05 February 2026
mixed-use
Amazon-Leased Wynwood Plaza Lands $335M Refi From Blue Owl
Amazon-Leased Wynwood Plaza Lands $335M Refi From Blue Owl
Commercial Observer
05 February 2026
mixed-use
New Malibu Condos Hit Market For First Time In Decades
New Malibu Condos Hit Market For First Time In Decades
Commercial Observer
05 February 2026
mixed-use
Geico Expansion Brings Carr Trophy Office To Full Occupancy In Maryland
Geico Expansion Brings Carr Trophy Office To Full Occupancy In Maryland
Commercial Observer
05 February 2026
mixed-use
Zuri Gardens, A 3D-Printed Texas Community, Shows Promise For Building Affordable Housing In A Low-Carbon Economy
Zuri Gardens, A 3D-Printed Texas Community, Shows Promise For Building Affordable Housing In A Low-Carbon Economy
The Architect’s Newspaper
05 February 2026
mixed-use
Sordo Madaleno, Építész Stúdió, And Buro Happold Win Hungarian Museum Of Natural History Collection Center Competition
Sordo Madaleno, Építész Stúdió, And Buro Happold Win Hungarian Museum Of Natural History Collection Center Competition
The Architect’s Newspaper
05 February 2026
mixed-use
Bjarke Ingels Group Workers Demonstrate At London Office Against Mass Layoffs, In Protest Organized By Saw-Unite
Bjarke Ingels Group Workers Demonstrate At London Office Against Mass Layoffs, In Protest Organized By Saw-Unite
The Architect’s Newspaper
05 February 2026
mixed-use
Chronicles An Intense Period Of Building Activity And Compressive Change
Chronicles An Intense Period Of Building Activity And Compressive Change
The Architect’s Newspaper
05 February 2026
mixed-use
Nina Roket Is The Switch-Hitter Of New York Commercial Real Estate Law
Nina Roket Is The Switch-Hitter Of New York Commercial Real Estate Law
Commercial Observer
04 February 2026
mixed-use
West Palm Beach Trophy Office Building Hits The Market For $200M-Plus
West Palm Beach Trophy Office Building Hits The Market For $200M-Plus
Commercial Observer
04 February 2026
mixed-use
College Social Events App Doorlist Relocates To 322 Eighth Avenue
College Social Events App Doorlist Relocates To 322 Eighth Avenue
Commercial Observer
04 February 2026
mixed-use
Store Capital Buys Nova Office Campus For $103M
Store Capital Buys Nova Office Campus For $103M
Commercial Observer
04 February 2026
mixed-use
Rockrose To Acquire Shuttered Long Island College Hospital For $100M
Rockrose To Acquire Shuttered Long Island College Hospital For $100M
Commercial Observer
04 February 2026
mixed-use
Iconic Chicago Office Complex Trades Hands At 87% Discount
Iconic Chicago Office Complex Trades Hands At 87% Discount
Commercial Observer
04 February 2026
mixed-use
Fashion Brand Miss Circle Expands To 16K Sf At Industry City
Fashion Brand Miss Circle Expands To 16K Sf At Industry City
Commercial Observer
04 February 2026
mixed-use
Zom Living Lands $92M For Office-To-Resi Conversion In Doral
Zom Living Lands $92M For Office-To-Resi Conversion In Doral
Commercial Observer
04 February 2026
mixed-use
Gary Barnett’S Extell Stays Busy In Manhattan With $40M Air Rights Deal
Gary Barnett’S Extell Stays Busy In Manhattan With $40M Air Rights Deal
Commercial Observer
04 February 2026
mixed-use
Asana Partners Buys Orange County Retail Plaza For $151M
Asana Partners Buys Orange County Retail Plaza For $151M
Commercial Observer
04 February 2026
mixed-use