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Edge Capital Markets has brokered the portfolio sale of 154 N Market Street and 8 E 2nd Street in Frederick, MD for $7.2 million.

Edge Capital Markets Completes $7M Sale of Frederick Historic Office, Parking Garage

Edge Capital Markets has brokered the $7.2-million portfolio sale of 154 N Market Street (24,195-square-foot Class A office) and 8 E 2nd Street (8,875-square-foot parking garage) in downtown Frederick, MD. The office was 91% leased at sale.

Joe Friedman and Joshua Norwitz of Edge Capital Markets represented the seller, MP Fund I North Market, LLC.

The art-deco office building was originally constructed in 1860 with subsequent renovations and additions. In 2016, the previous ownership executed a complete renovation and rebranded the building “Second and Market.”

The Maxwell Garage serves as a rare amenity in Frederick’s dense downtown neighborhood and offers 33 reserved parking spaces or Second and Market’s tenants.

“This a prime example of a successful rehab and modernization of a historic building,” said Friedman. “The timing of the delivery was excellent as Frederick has experienced an economic boom post-COVID and is attracting attention from developers both locally and out-of-market for new multifamily, single-family, retail, industrial and life science space.”


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 she makes the transition from an utterly failed racehorse to a lovely show hunter.

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