Edge, a full-service commercial real estate firm with offices in Washington D.C., Virginia, Maryland and Pennsylvania, has brokered the sale of The Park at Snowden, a six-building, 22,400 square foot medical office portfolio in Fredericksburg, Virginia. The single-story, multi-tenanted asset, which was 95% leased and occupied at the time of the transaction, is located directly adjacent to Mary Washington Hospital. Edge’s Capital Markets team, led by Joe Friedman, Partner and Cristine Kleine, Senior Director, represented the seller, a Fredericksburg-based private partnership and procured the buyer, affiliates of Fernau LeBlanc based in Bethesda, Maryland. The sale was the completion of a 1031 Exchange investment for the Fernau LeBlanc affiliates.
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