Welcome to Edell’s Premises

Commercial real estate covers any property from which a business can operate.  Typically that includes office buildings, retail space (strip centers, neighborhood centers, power centers ( think Milestone in Germantown or Rio at Washingtonian in Gaithersburg), shopping malls, 1^st floor space of office and apartment buildings, and the occasional kiosk in the middle of a shopping mall or on a street corner all constitute retail space), warehouse properties and flex buildings.

Flex buildings offer a combination of office and warehouse space, you guessed it, the space is flexible, so in today’s shortened vernacular, we call it flex space.  I guess if I were texting this blog, that would be flx spc.

See the photos below providing examples of each of the different types of commercial real estate.  For some, commercial real estate is the back bedroom or the basement of your house that has been converted into the world headquarters for your business. 

Regardless of where your business operates, whether you have 100 employees or it’s you and your dog trying to conquer the world, it is important to stay on top of the ever changing commercial real estate landscape.  Edell’s Premises is going to try to keep you informed of market conditions using a local vantage point and global perspective when appropriate.

If you have any questions regarding any type of commercial real estate please contact me at gedell@rcn.com, 240-560-5280 or check out the 4 Dimensional Real Estate Solutions website at www.4dimres.com.

Flex Building

Small Bay Warehouse

Retail Center

Office Building

About Gary Edell

Gary Edell began his real estate career in 1988 with Carey Winston (now Transwestern Commercial Services) where he spent 8 years representing tenants and landlords throughout the Washington Metropolitan area. During those 8 years, Gary was involved in over 1 million square feet of leasing transactions. In 1996 Gary became the Vice President of Leasing for Penrose Real Estate Services, LLC where he coordinated the leasing and management for 750,000 sf of office space and 120,000 sf of retail space at King Farm in Rockville, MD. Upon completion of the leasing process for the King Farm retail and office properties, Gary coordinated the disposition of these assets in three transactions that totaled over $300M. Additionally, while at Penrose, Gary represented The American Red Cross on a national basis in the acquisition and disposition of commercial properties and completed over 2,000,000 sf of third party lease and sale transactions. In September 2011, Gary started 4 Dimensional Real Estate Solutions, a company dedicated to provide personalized solutions to the real estate requirements of tenants, landlords, buyers and sellers of commercial real estate. You can contact Gary at gedell@rcn.com

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