News

THERE’S A NEW SENIOR ADVISOR ON THE BLOCK!

Gaithersburg, Maryland – EDGE Commercial Real Estate is thrilled to announce the recent addition of Craig Kates to the EDGE team as a Senior Advisor. Craig will work with Regional Director, Ken Fellows, and Partner, Rob Pugh in growing EDGE’s Maryland portfolio. Craig came to EDGE after spending the last three years with Rossi Commercial,…
Read more

THEY SAID IT COULDN’T BE DONE!

Gaithersburg, Maryland – EDGE is pleased to announce the completion of a full building (119,000 SF) long term lease at 700 Quince Orchard Road in Gaithersburg, Maryland with SUPERNUS Pharmaceuticals.  After a massive renovation that will modernize and dramatically change the face of this building, SUPERNUS is scheduled to move in to its new world class facility sometime during the spring of next year.  SUPERNUS is a pharmaceutical company with product development technology spanning over 25 years that focuses on developing and commercializing products for the treatment of central nervous system diseases.  The life science community is prominent in Gaithersburg, and this area newcomer will soon enjoy its new facility, excellent access to I-270 and the intercounty connector, and spectacular amenities.

EDGE, Rock Creek Property Group, and the City of Gaithersburg worked very closely together for many months to rezone the property and adjacent land to yield a very compelling higher density/mixed-use Class A project.  EDGE’s Managing Partner, Joseph Sutton, Regional Director, Ken Fellows and Partner, Rob Pugh, were quick to introduce SUPERNUS to 700 Quince Orchard with an aggressive renovation plan and attractive economics.  Several months later, the deal was signed for SUPERNUS to occupy 100% of Rock Creek’s vacant building.

This lease transaction will mark the first full building user in decades to lease a Montgomery County building in a pre-renovated condition.

This was a tough deal that offered no room for missteps and my hat is off to Rock Creek for its masterful execution.  They were good listeners, agile, non-emotional, and highly responsive when it counted most.  It is to their credit, EDGE was able to successfully complete this deal.

– Joseph Sutton, Managing Partner

HAPPY BIRTHDAY AUNTIE ANNE’S!

Tysons, Virginia – EDGE Commercial Real Estate is pleased to announce that it is working with Auntie Anne’s and Cinnabon to help find sites for new co-branded Auntie Anne’s/Cinnabon locations in the DC Metro area. The brands are seeking 700-1,500 SF in areas with high population density and strong foot traffic. Already located in over 800 malls and outlet centers, the brands are choosing to look into non-mall locations to continue growing their business in a diverse manner. Cory Hoffman, Vice President, EDGE Commercial Real Estate, will serve as the leasing agent for this project.

Coincidentally, EDGE’s new and exciting activity coincides with Auntie Anne’s 30th birthday! On February 19th, Auntie Anne’s began a campaign directing people to HBDAuntieAnnes.com where they could RSVP to Auntie Anne’s “birthday party,” a Free Pretzel Day. Once one million people RSVP’d, the free pretzels were unlocked.  Auntie Anne’s will host the Free Pretzel Day on Saturday, March 3rd, from 10 AM – 2PM! Don’t miss out on the party, and be sure to wish Auntie Anne’s a “Happy Birthday” on Facebook, Instagram and Twitter!

ABOUT EDGE COMMERCIAL REAL ESTATE EDGE Commercial Real Estate is a locally owned commercial real estate advisory, management and investment company based in the Washington, DC Metropolitan area. The firm’s entrepreneurial approach and commitment to service has enabled EDGE to deliver superior results to its clients and partners since its inception. The EDGE executive team possesses nearly 180 years of combined commercial real estate experience and a proven track record, including many of the region’s most noteworthy transactions. Currently, EDGE manages and leases more than 8.4 million square feet of commercial space in Maryland, Pennsylvania, Virginia, and the District of Columbia. For more information, visit www.edgecre.com.

 

EDGE Picks Up 56,000 Square Feet in Beltsville!

Gaithersburg, Maryland – EDGE Commercial Real Estate is pleased to announce that it has been awarded the exclusive leasing for a property in Beltsville, Maryland. The 56,000 square feet Industrial Building is located in the Ammendale Commerce Center at 6401 Virginia Manor Road. With approximately 8,000 square feet of office on two (2) floors and…
Read more

ROSENDIN ELECTRIC EXPANDING TO SUPPORT CUSTOMER GROWTH

Tysons, Virginia – Rosendin Electric, Inc., a 99-year-old Northern California-based electrical contractor, will be relocating and expanding its East Coast headquarters in Northern Virginia later this year.

Rosendin came to the East Coast in 2011 to serve its clients in the rapidly growing ‘Data Center Alley’ centered in Ashburn, Virginia, 25 miles northwest of Washington, DC.  The area is currently home to more than 75 data centers hosting 70% of the world’s internet traffic.

Originally occupying 22,000 square feet of office and fabrication space at Dulles Summit, Rosendin added 11,000 square feet of non-contiguous warehouse space in 2015. Since then, in order to support the continual growth in key markets, including higher education, healthcare, entertainment, commercial and federal, Rosendin has added offices in Baltimore, Maryland and Charlotte, North Carolina.

For the next 10 years, Rosendin’s new East Coast headquarters will encompass 66,165 square feet of office, fabrication, and warehouse space under one roof at NorthWoods Building 22, 23001 Ladbrook Drive, Dulles, Virginia.  The building is part of a 780,000 square foot Class A Industrial Park located just northwest of Dulles International Airport and minutes away from many client facilities.

Joshua Katz, Scott Mendelson, and Marc Balamaci -- EDGE Commercial Real Estate -- have been working with Rosendin since 2015 to formulate and implement a strategic approach to managing growth.  “Rosendin has been successful for a very long time by evaluating all business and growth opportunities in a way that places the highest consideration on what is best for its people and its customers,” said Katz, who led the project.  “The way the space is being designed gives Rosendin maximum flexibility and creates a collaborative environment that will enable their success for many years to come.”

Rosendin’s East Coast Regional Vice President, Keith Douglas, added, “Josh, and the EDGE team, brought a very disciplined approach that helped lead us to what we felt best met our physical and financial needs under a fairly compressed period of time.  A move of this size requires constant attention, and having Josh behind us made it much easier to manage.”

EDGE wishes to thank Bob Gibbs and Andrew Rohacik, of CBRE, for their work on behalf of the NorthWoods ownership; a partnership of Northwestern Mutual Investment Management Company and Sawtooth Investors, LLC.

ABOUT EDGE COMMERCIAL REAL ESTATE EDGE Commercial Real Estate is a locally owned commercial real estate advisory, management and investment company based in the Washington, DC Metropolitan area. The firm’s entrepreneurial approach and commitment to service has enabled EDGE to deliver superior results to its clients and partners since its inception. The EDGE executive team possesses nearly 180 years of combined commercial real estate experience and a proven track record, including many of the region’s most noteworthy transactions. Currently, EDGE manages and leases more than 8.4 million square feet of commercial space in Maryland, Pennsylvania, Virginia, and the District of Columbia.  For more information, visit www.edgecre.com.

EDGE Brings Beltsville Property to 100% LEASED!

Gaithersburg, MD – EDGE is pleased to announce an 11,600 SF full building lease transaction at 10237 Southard Drive in Beltsville, Maryland. The new tenant, Griffin Dewatering, is a construction company with several other locations all over the United States including New Jersey, Texas and Connecticut. The 30,000 SF secured and paved yard with outdoor…
Read more

BIG things happening in Bethesda

Gaithersburg, Maryland – After a three-year search, The French International School (FIS) has placed 9650 Rockville Pike under contract from the Federation of American Societies for Experimental Biology (FASEB). The FASEB property totals approximately 165,000 square feet on 11.2 acres, located just south of the Capital Beltway, and two-thirds of a mile from the main…
Read more