Edge, a full-service commercial real estate firm with offices in Washington D.C., Virginia, Maryland, and Pennsylvania brokered the sale of 12101 Tech Road, a 58,280 square foot flex/office building located in the Silver Spring section of Montgomery County, Maryland for over $12.8 million in mid 2022. 12101 Tech Road features 22-foot ceiling heights and a free, surface parking lot that can accommodate more than 100 vehicles. The premises also features multiple loading docks and is home to a total of three tenants making the property 100% leased at the time of the sale. Kingdom Fellowship Church, which occupied over 40,000 square feet, was expected to vacate later in the year.
The asset is in close proximity to MD Route 200 (Intercounty Connector), Interstate 95, and Interstate 495. The property is also within walking distance to the upcoming White Oak Town Center Development, WesTech Village Corner, and minutes away from Orchard Center, which offers numerous sit-down and fast-casual restaurants, shopping, and hotel options. The property is also conveniently located close to Adventist Healthcare White Oak Medical Center. “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.”, stated Robert Pugh of Edge. “The new owner acquired a high-quality and well-maintained asset that will easily support its business operations, which makes this an extremely sound business decision on many levels,” stated Kenneth Fellows of Edge.
Kenneth Fellows and Robert Pugh, both Partners, Advisory Services for Edge, represented the seller, BDC Spectrum LLC and Brad Crosley of JLL represented the buyer, 12101 Tech Road, LLC, in this sales transaction. 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.
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FEST OF SPRING Caribbean Wine Food & Music Festival
Get ready to experience the vibrant colors, tantalizing flavors, and infectious rhythms of the Caribbean at the FEST OF SPRING Caribbean Wine Food & Music Festival! Hosted by RHU LLC, this exciting festival is set to take place on May 18, 2024, at the picturesque 16700 Barnesville Rd in Boyds, MD.
Step into a world where the Caribbean spirit comes alive! From 12:00 PM onwards, immerse yourself in a sensory journey that celebrates the unique culture, cuisine, and music of the Caribbean. Whether you're an African American, a Reggae or Soca music enthusiast, a wine lover, or part of the vibrant Caribbean diaspora, this festival promises to delight and captivate you in every way.
Let the enticing aromas of mouthwatering Caribbean dishes tantalize your taste buds. Feast on traditional delicacies prepared by expert chefs, showcasing the rich and diverse culinary heritage of the Caribbean. Indulge in flavorful jerk chicken, succulent seafood, and delectable plantain dishes that will transport you straight to the islands.
Accompanying the culinary extravaganza is a carefully curated selection of premium wines, ensuring the perfect pairing for your palate. Sip on fine wines from renowned vineyards, each sip a reflection of the Caribbean's vibrant spirit. Discover new flavors, expand your wine knowledge, and savor unforgettable moments with every glass.
As the sun sets, get ready to groove to the infectious rhythms of Caribbean music. Feel the pulsating beats of reggae, soca, dancehall, and calypso, moving your body to the lively melodies. Live performances by talented musicians and performers will keep the energy high, ensuring a night of unforgettable entertainment.
Don't miss this opportunity to embrace the Caribbean spirit and celebrate the arrival of spring in style! Tickets are available on AllEvents, so secure your spot today. Join us at the FEST OF SPRING Caribbean Wine Food & Music Festival, where cultures collide and unforgettable memories are made.
LIVE PERFORMANCES By: CULTURE Feat. Kenyatta Hill, EXCO LEVI, IMAGE BAND, RAS LIDJ REGG'GO with Special Guest SUGAR BEAR FROM E.U. & MORE! & MORE!
MUSIC By: DJ ABLAZE, DJ SMALLY & NAJ SUPREME
2 NIGHT Camping packages available: RV/CAMPER $200 | TENTS $150 Starting on Friday May 17 @ 5pm | 30 RV SPACES | 30+ TENT SPACES
KIDS 12 & UNDER FREE!!!
