In-Rel Properties Acquires 3 Bethesda Metro Center, Announces Significant Capital Improvement Plan

388,000-SF Office Tower Adjacent to 7500 Old Georgetown Road Will Form the New “In-Rel Plaza” Office Campus

Bethesda, MD – May 26, 2026 – In-Rel Properties announced today the acquisition of 3 Bethesda Metro Center (“3 BMC”), a 388,084-square-foot office property located directly above the Bethesda Metro Station in the heart of downtown Bethesda.

The acquisition further expands In-Rel’s growing presence in the Washington, D.C. region and reinforces the firm’s long-term commitment to the Bethesda submarket. Together with the adjacent 7500 Old Georgetown Road (“7500 OGR”), the properties will comprise the new “In-Rel Plaza,” a highly amenitized, transit-oriented office campus designed to meet the evolving needs of today’s tenants.

“We are excited to continue expanding our footprint in Bethesda with the acquisition of 3 BMC,” said Jackson Siegal, Principal at In-Rel Properties. “Its location directly above the Metro station and alongside 7500 OGR creates a unique opportunity to establish a dynamic office campus in the center of downtown Bethesda. We see tremendous potential to reposition the property through thoughtful capital investment and active ownership, creating an environment that strongly resonates with modern tenants.”

Following the acquisition, In-Rel plans to undertake a substantial capital improvement program, including enhancements to the building façade, a redesigned lobby, a state-of-the-art 100-person conference center, a new fitness center and locker rooms, and other upgrades aimed at elevating the tenant experience. Phase 1 will focus on a comprehensive façade renovation intended to modernize the building’s appearance and strengthen its visibility throughout downtown Bethesda.

Ownership also plans to enhance the outdoor plaza shared by 3 BMC and 7500 OGR, creating an activated public gathering space intended to benefit both tenants and the broader Bethesda community as part of the broader “In-Rel Plaza” vision.

The acquisition builds upon the momentum In-Rel has achieved at neighboring 7500 OGR, which the firm acquired in December 2023 at approximately 40% occupancy. Since acquiring the property, In-Rel has increased occupancy to more than 80% through an aggressive leasing strategy and hands-on management approach.

“In today’s office market, we continue to see compelling value in well-located assets that can be transformed through strategic capital investment, disciplined leasing, and active management,” added Siegal. “Our focus remains on delivering a first-class tenant experience while investing in the long-term vitality of downtown Bethesda.”

Cushman & Wakefield has been retained as the exclusive leasing agent for the property. Ben Powell, Gwen Dominguez, and Michael Katcher will lead leasing efforts on behalf of ownership.

3 BMC offers a broad range of leasing options, including boutique move-in-ready spec suites, full- floor availabilities, and large contiguous blocks capable of accommodating tenants seeking more than 50,000 square feet. The property features direct Metro access, efficient and flexible floor plates, private terraces on select floors, and immediate proximity to Bethesda’s extensive retail, dining, and hospitality amenities.

About In-Rel Properties

Founded in 1984, In-Rel Properties is a privately held, vertically integrated commercial real estate investment and management firm with a national portfolio exceeding four million square feet of office and retail properties across multiple markets throughout the United States.

Over the past several years, the firm has significantly expanded its presence in the Washington, D.C. region through acquisitions in Bethesda, Arlington, and downtown Washington, D.C., including 7500 Old Georgetown Road, 3865 Wilson Boulevard, and 2033 K Street NW.

In-Rel specializes in acquiring well-located assets and enhancing them through strategic repositioning, capital improvements, aggressive leasing, and hands-on asset management. The firm’s portfolio spans office and retail properties across Maryland, Virginia, Washington, D.C., Florida, Alabama, Tennessee, Oklahoma, Kentucky, and Georgia.