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Washington DC  + DC Metro  + Office  | 
8301 Professional Place in Landover, MD

Edge Capital Markets Completes $25M Sale of Landover Office Building

Edge Capital Markets has brokered the sale of a 138,000-square-foot office building in the New Carrollton Metro Park of Landover, MD for $25 million. The seller was Washington, D.C-based Persimmon Capital Partners and the buyer was J1B Properties, LLC.

The asset was 93% leased at the time of the transaction.

“This asset was desirable for the purchaser because it offered stabilized, long-term cash flow with multiple credit-worthy tenants in a location that offers multi-modal public transportation and regional highway access,” said Edge partner Joe Friedman. “Additionally, the entire area surrounding the Metro station is included in a multi-phased mixed-use development master plan that will bring thousands of residential units and supporting retail amenities that will transform the area into a dynamic destination in the years to come.”

The two-story building sits on 12 acres adjacent to the New Carrollton Metro Transit Station and the intersection of the Capital Beltway and US Route 50.

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Inside The Story

Edge Capital Markets’ Friedman

About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as he makes the transition from an utterly failed racehorse to a lovely show hunter.

  • ◦Sale/Acquisition