ANNAPOLIS, MD — Governor Wes Moore announced that Bernstein Management Corporation, a commercial real estate investment and management company, is planning to relocate its corporate headquarters from Washington, D.C. to Montgomery County. Located in Bethesda, the new 15,000 square-foot office space will be renovated and ready for 50 full-time employees to move in by the end of the year.
“We are excited to partner with the Bernstein Management Corporation to bring more jobs to Maryland and open new pathways to work, wages, and wealth for Marylanders,” said Gov. Moore. “Together, we continue to make our state more business-friendly, grow our economy, and deliver results for the people we serve.”
Bernstein Management Corporation has been a regional leader in real estate investment and management for more than 70 years. With a focus on the Washington, D.C. Metropolitan area, Bernstein’s portfolio includes more than 85 properties representing more than 5,800 residential units and 3.7 million square-feet of commercial space, including office, retail and industrial assets.
To assist with project costs, the Maryland Department of Commerce has approved a $250,000 conditional loan through Advantage Maryland. Additionally, Montgomery County is providing up to $150,000 through its MOVE Program and up to $400,000 through its Job Creation Fund Program to support the company’s move to Maryland.
“We are thrilled, but not at all surprised, that Bernstein Management Corporation has made its move to Maryland,” said Maryland Department of Commerce Secretary Harry Coker, Jr. “With decades of proven experience as well as its extensive real estate knowledge, the company knows the market well and will thrive in its new Bethesda corporate headquarters for years to come.”
“We’re glad to welcome Bernstein Management Corporation to Montgomery County and thank them for choosing to relocate here,” said Montgomery County Executive Marc Elrich. “This announcement reflects why we are partnering with the Maryland Department of Commerce to attract stable, long-term investments that bring good jobs and strengthen our local economy. Bethesda offers the talent and connectivity that companies like Bernstein are looking for, and we’re going to keep building on that. I appreciate the partnership with the state and look forward to seeing Bernstein become part of our business community.”
To learn more about the company, visit bmcproperties.com.
