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Edge Commercial Real Estate | Acquisitions

"We entrusted the principal's at EDGE to develop the real estate strategy for our Maryland portfolio. The results...a decade long relationship, over 650,000 sq. ft. of leasing, nearly $500 million in transactions, the largest lease transaction in Maryland, and two Sales Transaction of the Year Awards. The results speak for themselves."

- Weldon Humphries, (Former) Senior Vice President, Choice Hotels International

Bradley Arlington

Bradley Arlington Office Complex – Bethesda, Maryland
This is a fully stabilized property located at the corner of Bradley Boulevard and Arlington Road (“Main & Main”) in the Bethesda CBD, only four blocks from the Metro Red Line in an emerging submarket of Bethesda. The average rental rates were 25% below their market value and there was need of cosmetic improvements and catch up on deferred maintenance. The strategy for this property was to renovate and to roll rents up to market. Considering the location and the stability of this property, this was a core asset acquisition scheduled for a long-term hold.

Core Asset / Tax Driven Acquisition
Acquired through 20-year relationship with seller – not marketed
150,000-sq. ft., two-building office park purchased from The Harvey Companies for $26,400,000
Major capital improvements completed during the first 18 months of ownership
Aggressive leasing program increased rents to market
Currently exceeding pro-forma by 20%
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6931 Arlington Road, Suite 450 | Bethesda, Maryland 20814 | Telephone: 301-222-0200 | Fax: 301-222-0218
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