Savills Studley today announced the completion of a 59,172-square-foot, 16-year lease on behalf of the local FOX affiliate. After more than 60 years, the media company will relocate operations and studio facilities for WTTG and WDCA from 5151 Wisconsin Ave NW in Washington to 7272 Wisconsin Ave, known as The Wilson, in Bethesda, Maryland. The new lease will commence June 2021 upon completion of the 937,000 square feet mixed-use development.

“We are thrilled to move our facilities to Montgomery County, Maryland, and into what will be a grade A complex developed by Carr Properties. We thank the State of Maryland and Montgomery County for making this possible,” FOX Vice President and General Manager Patrick Paolini said in a statement. “This will be a state-of-the-art facility that will keep us in the heart of the Washington, DC metro area and allow us to better serve our community.”

The Wilson is one of the most prominent development sites in Montgomery County. Once completed, the Carr Properties building will offer approximately 937,000 square feet of total density, allocated across a 360,000-square-foot office building with ground floor retail; two residential towers, The Elm, which will house 456 units; and a shared above- and below-grade parking facility. The Plaza in front of the Wilson will also house a new Southern entrance to the Bethesda Red Line Metro Station and the future Bethesda Purple Line Station, which is the western terminus of the Purple Line and is projected to be one of the system’s most widely used locations.

FOX was represented in negotiations by Art Greenberg, Bie Chu Lee and Kelly Givens of Savills Studley.

“With this move, FOX becomes one of the first companies to relocate from Washington, DC to Maryland in a long time,” said Greenberg. “Bethesda is one of the tightest real estate submarkets in the region. More than half of The Wilson has been committed prior to delivery and the site offers unbelievable access and visibility. We’re pleased to have helped them in this relocation.”

FOX Television Stations is one of the nation's largest owned-and-operated network broadcast groups, comprising 28 stations in 17 markets and covering over 37% of U.S. television homes. This includes seven duopolies in the top 10 markets: New York; Los Angeles; Chicago; Dallas; San Francisco; Washington; and Houston; as well as duopolies in Minneapolis; Phoenix; Orlando, Florida; and Charlotte, North Carolina.

About Savills Studley
Savills Studley is the leading commercial real estate services firm specializing in tenant representation. Founded in 1954, the firm pioneered the conflict-free business model of representing only tenants in their commercial real estate transactions. Today, supported by high quality market research and in-depth analysis, Savills Studley provides strategic real estate solutions to organizations across all industries. The firm’s comprehensive platform includes brokerage, project management, capital markets, consulting and corporate services. With 30 offices in North America, and a heritage of innovation, Savills Studley is well known for tenacious client advocacy and exceptional service.

The firm is part of London-headquartered Savills plc, the premier global real estate service provider with more than 35,000 professionals and over 600 commercial offices around the world. Savills plc is listed on the London Stock Exchange (SVS.L).

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