"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
One Town
Center – Bowie, Maryland
This is a fully stabilized property
located directly adjacent to
Bowie Town Center, a 900,000
square unenclosed shopping center
that is considered one of the
premier retail destinations in
the region. At the time of the
acquisition, the property was
100% leased with average rental
rates 20% below their market
value. The strategy for this
property was to roll rents up
to market as leases expire. Considering
the location and the stability
of this property, this was a
core asset acquisition scheduled
for a long-term hold.
Core Asset Acquisition
Acquired through a competitive
bid process
101,657-sq. ft. office
building acquired for
$23,500,000 in
September
2005
Acquired under a Tenants
in Common (TIC) structure
Class A multi-tenant
office building
Anticipated average net
cash on cash return is
10.12% over a 10 year
holding period
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