Forbright Bank Purchases Headquarters Building in Chevy Chase, Maryland

CHEVY CHASE, MD – Forbright Bank announced that it has purchased Chase Tower, the building that houses its headquarters at 4445 Willard Avenue in Chevy Chase, Maryland. The acquisition marks an important phase in Forbright’s evolution as a growing digital bank and nationwide middle market lender by giving the bank long-term control of its headquarters space and the flexibility to scale as the bank expands. Chase Tower’s mix of office and retail space, combined with its proximity to key transportation in the heart of Chevy Chase, further strengthens Forbright’s presence in the region and underscores the bank’s commitment to the Washington, D.C. area.

“Montgomery County, Maryland is a great place to start and build a business and raise a family,” said John Delaney, Founder and Executive Chairman of Forbright Bank. “Forbright is excited to double down on our commitment to the community and the exceptional pool of talent here.”

Owning Chase Tower allows Forbright to convert rent payments into an owned asset while eliminating long-term lease rollover risk and providing the bank with flexibility to expand its footprint in line with its strategic growth plans.

The property includes 227,000 square feet of Class A office space and 18,000 square feet of neighborhood retail space, supported by a below-ground parking structure. The 12-story building has been the Bank’s headquarters since 2020.

Forbright will continue to lease space to third-party tenants and looks forward to making meaningful upgrades to technology and modernizing spaces to further position the Class A building as the premier destination for top tier tenants. Enlightenment Capital – a leading local investment firm and existing tenant in the building – will expand its presence to accommodate its continued growth and as part of its commitment to the development of the local business community.

“Forbright is committed to creating a headquarters environment that reflects who we are as a company—innovative, creative, and forward-looking,” said Don Cole, CEO of Forbright Bank. “By owning Chase Tower, we can invest for the long term in a modern, flexible workplace that supports our people and our clients.”

In addition to its headquarters at Chase Tower, Forbright operates a Service Hub on the ground floor to provide customers with in-person services.

R3 Ventures will co-invest and serve as Asset Manager for the building, delivering strong local operating expertise. JBG SMITH will serve as Property Manager, providing continuity of service for existing and prospective tenants. Cushman & Wakefield acted as Forbright Bank’s advisor for the transaction.