Washington DC + DC Metro + Office | August 3, 2022

Edge has brokered the $12.8-million sale a flex/office building at 12101 Tech Road in Silver Spring, MD.

Edge Facilitates Trade of Flex Office Building in Silver Spring for $13M

Edge has brokered the $12.8-million sale of 12101 Tech Road, a 58,280-square-foot flex/office building in the Silver Spring, MD. The property was 100% leased to three tenants at sale.

Kenneth Fellows and Robert Pugh of Edge represented the seller, BDC Spectrum LLC. Brad Crosley of JLL represented the buyer, 12101 Tech Road, LLC.

“Acquiring assets of this size in the Montgomery County submarket has become increasingly difficult given the lack of available properties for purchase, combined with the large volume of investors seeking investments in the Washington, D.C. suburbs,” said Pugh.

12101 Tech Road features 22-foot ceiling heights, multiple loading docks and a free, surface parking lot that can accommodate more than 100 vehicles. The property is walking distance to the upcoming White Oak Town Center Development, WesTech Village Corner and Orchard Center’s restaurants, shopping, and hotel options. The property is also close to Adventist Healthcare White Oak Medical Center.

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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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