Savills Studley Represents FOX Duopoly in Md. Relocation

WTTG and WDCA have entered into a Letter of Intent (LOI) with Carr Properties to relocate operation and studio facilities to 7272 Wisconsin Avenue in Bethesda, Maryland.

In making the announcement, FOX Vice President and General Manager, Patrick Paolini stated, “We are thrilled to move our facilities to Montgomery County, MD into what will be a grade A complex developed by Carr Properties and we thank the State of Maryland and Montgomery County for making this possible. This will be a state-of-the-art facility that will keep us in the heart of the Washington, D.C. metro area and allow us to better serve our community.”

The FOX duopoly has been in its current location on Wisconsin Avenue since 1966. Effective June 2021, FOX will move to the new Bethesda location at the Carr Properties Apex building, situated right on Metro’s red line. The new state-of-the-art studio and office space will occupy approximately 57,500 square foot of the new Carr property in Montgomery County. Montgomery County Economic Development Corporation (MCEDC), the economic development partner for the county, joined forces with Montgomery County and the State of Maryland to create and facilitate this development.

“Fox Television’s relocation to Maryland is further proof that more and more great companies are recognizing the tremendous value and advantages of doing business here,” said Governor Larry Hogan. “This move, which brings approximately 200 employees into the state, is a win for our state and for Montgomery County as we continue to attract growing companies like Fox.”

MCEDC President & CEO, David Petr, added, “We applaud FOX’s decision to move to Montgomery County, adding jobs and spurring new economic growth. Their choice of downtown Bethesda is masterful, offering a vibrant downtown, walkable community and right on the metro, great accessibility for employees and guests appearing on the station’s programming.”

Montgomery County Executive, Isiah Leggett, noted, “Montgomery County is emerging as a media and entertainment capital, with Discovery Communications and now Fox 5 realizing our many business attributes. We are delighted to welcome them to our community, and look forward to supporting their new facility and continued growth in the County.”

“We are proud to welcome Fox Television Stations and their growing team to Maryland,” said Maryland Commerce Secretary Mike Gill. “The company’s new offices and studio in Bethesda offers a strategic location from which they can serve their many partners and customers in the region, and we are pleased to be able to work with our partners in Montgomery County to support this important project.”

FOX was represented in negotiations by Art Greenberg, David Gordon and Kelly Givens of Savills Studley.

FOX Television Stations is one of the nation's largest owned-and-operated network broadcast groups, comprising 28 stations in 17 markets and covering over 37% of U.S. television homes.  This includes seven duopolies in the top 10 markets: New York, Los Angeles, Chicago, Dallas, San Francisco, Washington, D.C. and Houston; as well as duopolies in Minneapolis, Phoenix, Orlando and Charlotte.

Maryland Commerce stimulates private investment and creates jobs by attracting new businesses, encouraging the expansion and retention of existing companies, and providing financial assistance to Maryland companies. The Department promotes the State's many economic advantages and markets local products and services at home and abroad to spur economic development and international investment, trade and tourism. Since they are major economic generators, the Department also supports the Arts, film production, sports and other special events.

The Montgomery County Economic Development Corporation (MCEDC) is the official public-private organization representing Montgomery County, Md. The organization was created in 2016 to help businesses start, grow, and relocate in Montgomery County, Maryland, by helping them gain access to top talent, business and market intelligence and prime locations.