Kenwood McLean Plaza, the owner of 6862 Elm Street in McLean, VA, announced today that it had completed a 7-year, 11,000 sf renewal and expansion of MedStar Health, one of the largest health care providers in the mid-Atlantic.

MedStar plans to open a new endoscopy center at the building. Construction is expected to start in the fall, with the grand opening planned for early 2025. MedStar also provides various other medical services at McLean Plaza, including plastic and vascular surgery, podiatry, otolaryngology, and gastroenterology.

Medstar was represented by Lindsey Groom, Paige Wingate, and Matthew Sullivan from Cushman Wakefield. Kenwood was represented by Cole Spalding, Larry Fitzgerald, and Nicholas Kuhn.

Kenwood purchased McLean Plaza in late 2021. Since then, Kenwood has increased occupancy from approximately 80% to 93% and expanded the medical users from about 20% to 50%.

MedStar also leases space in Kenwood’s White Marsh, MD project.

Holly Harmon, Property Manager from Kenwood, said, “We are so happy to continue our relationship with Medstar and to welcome this new endoscopy center. McLean Plaza continues to expand the medical services available to the McLean community.”

“We are extremely pleased with the performance of McLean Plaza,” Kenwood Principal Bill Singer added. “Although we acquired it in the midst of COVID, we believed in this long-term investment opportunity. So far, it has exceeded our expectations.”

Kenwood is an owner/operator of commercial real estate assets in Maryland, Washington D.C., and northern Virginia. Kenwood’s 1.4 million square foot portfolio has consistently utilized private equity from high net worth investors combined with Kenwood Sponsor’s investment to produce long-term consistent returns.

About Kenwood Management Company

Kenwood Management Company, headquartered in Bethesda, MD, is a trusted steward of over 1.4 million sq. ft. of commercial real estate, encompassing office, flex, medical, and warehouse spaces. With a unique approach that combines internal equity with high-net-worth investors, Kenwood has a proven track record of delivering long-term, steady returns for its investors.

The company's commitment to excellence is evident in its meticulous property management and strategic growth initiatives. By continuously exploring new opportunities, Kenwood ensures sustainable value for its stakeholders.

For more information about Kenwood Management Company, please visit Kenwood's website today. Gain the insights you need to thrive in the competitive commercial real estate landscape.