Kenneth Fellows and Robert Pugh, both Partners, Advisory Services with Edge, represented the landlord, HRC Carroll LLC in the execution of a 5,500 square foot lease with Budget Moving and Storage LLC located at 12300 Carroll Avenue. This most recent leasing activity elevates the asset to 100% occupancy. Barbara Bouvier of Coldwell Banker Commercial represented the tenant.
12300 Carroll Avenue is a two-story, 23,158 square foot industrial building in Rockville, Maryland. The property is adjacent to MD Route 355 and Montrose Parkway and features immediate proximity to Interstate 270 and Interstate 495 (Capital Beltway). Downtown Washington, D.C. is approximately 20 miles from the site and Twinbrook Metro Station is located within minutes.
HRC Carroll LLC, a Bethesda-based investment group took ownership of the property in 2020 as part of a 1031 exchange sale. Location and proximity to amenities was a key factor in the purchase. “Leasing to a company like Budget Moving and Storage LLC was a great fit for the building,” stated Rob Pugh of Edge. “They are a full-service moving company that we were able to accommodate quickly to meet their move-in needs.”
“The building’s strategic placement within a high-density residential area, with many business communities nearby, makes it extremely attractive to a variety of end-users including logistics companies, light manufacturers, and those offering professional services,” stated Kenneth Fellows of Edge.
Edge is a commercial real estate firm providing a full complement of advisory, leasing, investment sales, management, construction, property management, and engineering services to clients throughout the Washington, D.C., Maryland, Northern Virginia, and Pennsylvania marketplaces. For additional information, visit www.edgecre.com.
I95 Business article can be found here.
Citybiz article can be found here.