Chase Tower
Forbright Bank has acquired Chase Tower, the office building housing its headquarters at 4445 Willard Avenue in Chevy Chase, Maryland, securing long-term control of its corporate base as the institution continues to expand as a digital bank and nationwide middle-market lender.
The purchase gives the bank ownership of the 12-story property where it has been headquartered since 2020. Financial terms of the transaction were not disclosed.
Located in Montgomery County near Washington, D.C., the acquisition strengthens Forbright’s presence in one of the region’s most established business corridors while giving the company flexibility to grow into additional space over time. The bank said owning the building converts long-term occupancy costs into a strategic real estate asset while reducing future lease rollover risk.
The property includes approximately 227,000 square feet of Class A office space and 18,000 square feet of street-level retail space, along with below-ground parking. The mixed-use layout provides room for Forbright’s own operations while also supporting third-party tenants.
Founder and Executive Chairman John Delaney said the purchase reflects the bank’s continued commitment to Montgomery County and the greater Washington area, citing the region’s business environment and talent base.
Chief Executive Officer Don Cole said ownership of the building will allow Forbright to shape a headquarters environment aligned with the company’s culture and long-term operating needs. The bank plans to modernize workspaces and invest in technology upgrades across the property.
Forbright said it will continue leasing space to outside tenants as part of the building’s operating model. Existing tenant Enlightenment Capital, a local investment firm, plans to expand within the property to support its own growth.
R3 Ventures will co-invest in the property and serve as asset manager, while JBG SMITH has been retained as property manager. Cushman & Wakefield advised Forbright on the transaction.
The acquisition is notable at a time when many office users are reassessing space needs and ownership strategies in response to hybrid work trends and shifting commercial real estate values. Forbright’s decision to purchase rather than lease suggests confidence in its long-term regional footprint and workforce strategy.
Forbright operates as an FDIC-insured bank focused on digital banking services and commercial lending. The company serves middle-market businesses and investors across sectors including healthcare, technology, financial services, and real estate. In addition to its headquarters operations, the bank maintains a customer-facing Service Hub on the ground floor of Chase Tower.
The deal positions Forbright with a permanent headquarters asset in a prime suburban Washington location while creating optionality for future expansion as the bank continues to scale nationally.