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Over the past three years, BMC’s Commercial Building of the Year Award has celebrated exceptional properties across Virginia and Maryland. In 2025, the recognition focused on an exceptional property in District of Columbia – Foxhall Square.
Located in the Wesley Heights/Foxhall neighborhood at 3301 New Mexico Avenue NW, Foxhall Square is a 140,000-square-foot office, medical, and retail property that has been a consistent top performer since its construction in 1972 and acquisition by Bernstein Management Corporation in 1997.
Foxhall Square stood out across every evaluation category in 2025 including occupancy, year-over-year operational improvement, and management impact through successful execution of building improvements, tenant relocations, and expansions.
Beyond the numbers, the management team achieved several major milestones, completing a multi-year garage rehabilitation, executing high-profile tenant buildouts, upgrading the energy management system, and enhancing the building’s exterior.
Thanks to these outstanding efforts and exceptional financial performance, Foxhall Square truly earned its 2025 Commercial Building of the Year title.
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Over the past three years, Bernstein Management Corporation (BMC) has presented its prestigious Commercial Building of the Year award to exceptional buildings in Washington, D.C., Virginia and Maryland. In 2024, BMC’s commercial team leaders were honored to return the award to Virginia, presenting the 2024 Commercial Building of the Year Award to Loudoun Gateway in Sterling, VA.
Strategically located just north of Dulles Airport off Route 28 and Old Ox Road, Loudoun Gateway is an outstanding industrial/flex property comprising two single-story buildings with a total of 109,000 square feet. Built in 1989 and acquired by BMC in 1993, Loudoun Gateway has demonstrated exceptional value and resilience over the years.
When evaluating buildings for this award, the team considered key factors such as occupancy, profit margin and the management team’s impact on performance. Loudoun Gateway excelled across the board:
- 100% occupancy
- Exceptional financial results
- A dedicated team of professionals that successfully executed building improvement projects, tenant relocations and expansions
Thanks to the exceptional efforts of the Loudoun Gateway team and the property’s superior financial performance, Loudoun Gateway is a deserving recipient of the 2024 award.
To learn more, visit: www.bmcproperties.com/work
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Washington D.C., December 11, 2024 – An investment affiliate of Bernstein Management Corporation (BMC), a regional leader in real estate investment and management, has expanded its commercial portfolio with the acquisition of Reston Crossing, a 334,142 square foot Class-A office complex on 13.9 acres. It is currently 54% leased and consists of two buildings located at 2001 and 2003 Edmund Halley Drive in Reston, Virginia, just off Reston Parkway and the Dulles Access Road (Route 267). Reston Crossing includes future development potential with entitlements in place for the addition of new office, residential and retail space.
Reston Crossing was built in 1998 and underwent extensive renovations in 2015 that include EV charging stations, lobby improvements, an onsite café with outdoor lounge and fitness center. BMC is also planning to make immediate signage upgrades and add a new conference center. The property offers clients an excellent location for access to tech talent, as well as a direct connection to Metro and the extensive retail and restaurant amenities of Reston Town Center via pedestrian bridge. Additionally, it is adjacent to the Halley Rise mixed-use development which includes Wegmans (opened in 2021) and additional planned development.
Austin Herndon, BMC’s Senior Vice President of Commercial Leasing, explains, “The acquisition of Reston Crossing strengthens our presence in the Reston/Herndon submarket which now totals four class-A office properties along Sunrise Valley Drive and offers exciting opportunities for future growth in what has become one of the Washington metro area’s most dynamic submarkets. With our reset basis and long-term commitment, we are well positioned and capitalized to attract new clients to Reston Crossing.”
In addition to Reston Crossing, BMC’s presence in Reston and Herndon includes 11600 Sunrise Valley Drive, Parkridge I at 10800 and 10802 Parkridge Boulevard and Dulles Corporate Center at 13755 Sunrise Valley Drive in Herndon.
For information about Bernstein Management Corporation, visit bmcproperties.com.
For leasing information, contact Austin Herndon ([email protected]).
About Bernstein Management Corporation
Bernstein Management Corporation (BMC) has been a regional leader in real estate management for more than 70 years. BMC’s investment affiliate is a fully discretionary, private real estate fund with assets valued at over $2.0 billion, low leverage and significant capacity to make additional investments. Focusing on the Washington D.C. metropolitan area, the portfolio currently includes 80+ properties representing over 5,800 residential units and 3.4 million square feet of commercial space including office, retail and industrial assets. BMC’s team of 250 industry experts manage the portfolio with a hands-on, vertically integrated approach. For more information, visit www.bmcproperties.com.
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An investment affiliate of Bernstein Management Corporation (BMC), a regional leader in real estate investment and management, has completed the acquisition of The Shay retail condominiums, consisting of 27,000 SF of ground floor retail situated directly below its existing multifamily asset The Shay, located across two buildings at 1921 and 1924 8th Streets NW in the Shaw submarket of Washington D.C.
Built in 2015, The Shay retail is home to leading destination retailers including Warby Parker, Le Labo, Union Kitchen Grocery and Rewild as well as eateries including Cracked Eggery, Gogi Yogi, Compass Coffee and Cava.
According to Bernstein Management Corporation CEO Josh Bernstein, “The acquisition of The Shay retail both creates operating efficiencies with The Shay apartment community and allows us to further our investment in the vibrant Shaw neighborhood with a best-in-class retail asset.”
BMC acquired The Shay, a 245-unit multifamily community, in June 2023.
For information about Bernstein Management Corporation® / Bernstein Management®, visit bmcproperties.com.
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Bernstein Management Corporation (BMC) and Finmarc Management, Inc. have recently completed eight new retail leases totaling over 20,000 sq. ft. at White Oak Town Center, a new grocery-anchored retail development offering 100,000 sq. ft. of space in north Silver Spring, MD.
Located at the corner of Columbia Pike and Industrial Parkway in Silver Spring, MD, White Oak Town Center will welcome the following retail tenants: AT&T, Dave’s Hot Chicken, European Wax, First Watch, Inspire Nail Bar, Jersey Mike’s, Oak Barrel & Vine and Starbucks when it opens in the first half of 2024.
“White Oak Town Center is poised to provide this booming submarket of Silver Spring, MD with a desirable mix of top tier grocery, convenience and service-oriented retail,” said Austin Herndon, SVP of Commercial Leasing for BMC.
Under development since 2021, construction at White Oak Town Center will wind down within the next few months as retail tenants begin their interior build-outs prior to the center’s grand opening.
Ownership is represented at White Oak Town Center by retail brokers Matt Skalet and Kim Stein of KLNB.
For more information about White Oak Town Center, visit www.shopwhiteoaktowncenter.com
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Loudoun Tech Center is an office building located on Ridgetop Circle in Sterling, Virginia close to the intersection of Routes 28 and 7, just north of Dulles airport. The building was constructed in 1987 and acquired by Bernstein Management Corporation (BMC) in 1992. It is three stories high containing 84,658 rentable square feet.
Incredibly, the building welcomed 67,639 square feet of newly occupied tenant space in 2022 to reach 94% occupied. Also renovated in 2022, the Loudoun Tech Center team received BMC’s 2022 Commercial Building of the Year Award due to their demonstrated ability to achieve 94% occupancy, manage a complex renovation project and provide uncommon service to the building’s tenants. Today, Loudoun Tech Center has just one vacancy of 3,251 square feet remaining.
Bernstein Management Corporation owns and manages over 3.3 million square feet of commercial space throughout Washington D.C., Maryland and Virginia with exceptional care and service. Learn more at bmcproperties.com/work.
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The Bernstein Management Corporation (BMC) commercial leasing team has completed four new commercial leases totaling 18,414 SF at 1600 Sunrise Valley Drive (11600 Sunrise), a recently renovated Class-A office building consisting of 145,000 rentable square feet, and featuring unparalleled amenities including café, indoor basketball court, renovated tenant lounge and conference room.
Located less than one mile from Dulles Toll Road and the Wiehle-Reston East Metro station, 11600 Sunrise will welcome new tenants including Takt, Inc., (5,177 SF), Deutsche Telekom (1,721 SF), CargoSense (7,639 SF), and Trustwave (3,877 SF).
“We couldn’t be more pleased with the recent renovation at 11600 Sunrise Valley Drive, which truly revitalized the common area spaces for existing and future tenants,” said Austin Herndon, SVP of Commercial Leasing for BMC.
BMC is represented at 11600 Sunrise Valley Drive by brokers Andy Klaff, Dominic Orcino, and Nicholas Dichiara of Newmark.
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Bernstein Management Corporation (BMC) engaged architectural firm Perkins + Will (P+W) to complete the brand repositioning of its adaptive reuse development at 1222 22nd Street.
Inspired by the building’s industrial window grid, its street address, “1222,” and the LEED-platinum sustainability features, architect and designer Armando Nazario of P+W designed a layered 12’x13’x18” stainless steel sculpture for the lobby, adorned with moss and leafy plants for depth and verticality. The finished sculpture provides a textured juxtaposition to the renovated building’s modern industrial aesthetic.
For more information about this creative office space, visit https://www.bmcproperties.com/property/1222-22nd-Street-NW
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