The purchase gives the Montgomery County-based bank ownership of the 12-story office building at 4445 Willard Avenue, where it has maintained its headquarters since 2020. The deed identifies the buyer as Fletch LLC, an entity tied to Forbright Bank.
The property totals roughly 245,000 square feet, including 227,000 square feet of office space and 18,000 square feet of retail space. The building was purchased from a partnership affiliated with JBG Smith.
Earlier this month, Forbright announced the acquisition but did not disclose the sale price at the time. The newly recorded deed confirms the transaction closed for $36 million…