Edge, a full-service commercial real estate firm with offices in Washington D.C., Virginia, Maryland and Pennsylvania, has brokered the sale of 12200 Baltimore Avenue, a 106,000 square foot building equipped with a combination of high bay warehouse and commercial office space, for $15.685 million. The asset, which was 97% leased and occupied at the time of the transaction, is located in the Beltsville section of Prince George’s County, Maryland. Joe Friedman, Partner, Edge Capital Markets, Kenneth Fellows, Partner, Advisory Services for Edge and Rob Pugh, Partner, Advisory Services for Edge represented the seller, an affiliate of Bristol Capital Corporation in Bethesda, Maryland and also procured the buyer, a 1031 exchange investor represented by Mid-Pacific Advisors. Edge handled leasing activities on behalf of the seller since 2016.
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