Edge has brokered three leases totaling more than 15,000 square feet of office space at 4000 Garden City Drive. Kenneth Fellows and Robert Pugh, both Partners, Advisory Services for Edge, represented the owner, Urban Atlantic Development, in all three transactions.
The leases, which were signed with Cloudshape, Vidoori, and the University of Maryland Medical System Group, bring occupancy of the building to more than 95%. Urban Atlantic Development will modify a portion of the remaining 10,000 square feet of space and build “spec suites” that will be available for move-in this summer.
Delivered in 2019, 4000 Garden City Drive is an eight-story, 215,000 square-foot commercial office building. The building is adjacent to the intersection of US Route 50 and Interstate 495 (Capital Beltway), and approximately 10 miles from the central business district of Washington, D.C. The asset is within a HUB zone and features an on-site conference facility, fitness center, food service amenity, and within walking distance to the New Carrollton metro station.
“Urban Atlantic is investing considerable resources to create a premier office environment to benefit companies of all size rages,” said Kenneth Fellows of Edge. “Spec suites continue to be in high demand for business seeking immediate occupancy in top quality office space. We are seeing spec suites around the region lease quickly and we expect a similar performance as the location of the building is at one of the DMV’s major transportation hubs,” stated Robert Pugh of Edge.
Since its founding in 1998, Urban Atlantic has established a strong track record of successfully investing and developing in transformational, large-scale, mixed-income TOD communities exceeding 10,000 residential units and three million square-feet of commercial. Headquartered in Bethesda, MD, the firm’s portfolio includes over $2 billion in completed real estate developments. Urban Atlantic’s third-party investments have leveraged an additional $2 billion in real estate developments and operating businesses in emerging markets. Visit www.urban-atlantic.com for more information.
Edge is a commercial real estate firm providing a full complement of advisory, leasing, investment sales, 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.
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