Edge Capital Markets team previously brokered sale of asset in 2020 for $15.685 million
Kenneth Fellows and Rob Pugh, both Partners, Advisory Services for Edge, recently completed the leasing of 12200 Baltimore Avenue, a 106,667 square foot building located in Beltsville, Maryland. The full-service commercial real estate firm brokered a 3,626 square foot lease with Elite Technique, a personalized training facility. In late 2020, the Edge Capital Markets team brokered the sale of the Prince George’s County asset for $15.685 toHRC Baltimore LLC,a 1031 exchange investor.Edge has handled leasing activities for the building since 2016 and also performs property management services.
12200 Baltimore Avenue is equipped with a combination of high bay warehouse and commercial office space, is located directly off Interstate 95 and the Intercounty Connector (MD Route 200), features roadside visibility from MD Route 1 and is surrounded by a free surface parking lot. The building features clear ceiling heights ranging from 24 to 30 feet, dock loading and drive-in options.
Elite Technique has six locations throughout the DMV and provide fitness and personalized training regimes for both athletes and individuals. Their training team consist of former athletes that individualize programs that meet the specialized wellness and weight loss goals of its customers.
“The large and open space layout of 12200 Baltimore Avenue perfectly suited the needs of Elite Technique to support its training equipment, and the strategic location of the building makes the site easily accessible throughout the suburban Maryland region,” stated Kenneth Fellows of Edge.
“The successful leasing of this asset, combined with the sale of the building in 2020 illustrates the full range of real estate capabilities offered by Edge. 12000 Baltimore Avenue is now fully-leased to a group of stable tenants, which will provide long-term value to the ownership group,” added Robert Pugh 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.