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GSA Opens Bidding On Bethesda Office April 30, 2010 06:01 PM

The General Services Administration has launched its online sale of 7550 Wisconsin Avenue, an office building in Bethesda, Md. (REFI, 4/5). The auction began on April 30, with a minimum bid of $14 million. The property, which has been vacant since 2002, could be sold for as much as $22 million, local brokers estimated. So far, 14 potential investors registered through the GSA's auction website, www.auctionrp.com. The auction closes on June 18.
George Crawford, who is overseeing the auction for the GSA, said that while the Bethesda-based property ...

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