Edell’s Premises – Gary Edell’s Take on Commercial Real Estate

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

Partner Blog for Edell’s Premises – Gary Edell’s Take on Commercial Real Estate

Commercial Real Estate - Rent Formats

Flex Building

When looking to lease commercial real estate, you will be confronted with a variety of rent formats depending on the type of space you are trying to find.  The options include full service, industrial gross, modified gross, net of utilities or some other expense and triple net, also shown as NNN for those that typically […]

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Evaluating Your CRE Requirements

photo three Irvington Centre office building in Rockville

The previous edition of Edell’s Premises addressed a general timeline to complete the evaluation and possible relocation of your current office, retail, flex or warehouse facility.  There are several facets of the relocation process that you should consider as you approach the evaluation of your commercial real estate requirements. 1) Economics – What can your […]

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Don't Wait Until Your Lease Expiration is Staring You in the Face

Open Office Space Design

Dealing with your expiring office, retail, warehouse or flex space lease can be a stressful and aggravating process, especially if you wait until the last 2 -3 months of the lease term to address the issue.  Ideally, a tenant should begin to evaluate their situation about 12 months prior to the lease termination date; for […]

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There Are Great CRE Deals, But No Free Lunches

photo two Irvington Centre office building in Rockville, MD

As was discussed in the last edition of Edell’s Premises, the deals are great for office tenants looking to renew or relocate, but tenants need to make sure that your financial house is in order.  Landlords have learned from previous experiences that attracting tenants with aggressive concession packages and affordable occupancy costs does not ensure […]

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Tenants Are Missing The Party

Bethesda Office Buildings

Where are all the office tenants?  They are missing the party and who wants to miss a party?  At the present time the Montgomery County office space market is experiencing one of the best tenant environments in the last 20 years.  With a county wide vacancy rate of 14% for office space and an anemic […]

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Welcome to Edell's Premises

photo of Gary Edell

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, 1st floor space of office and apartment buildings, and the occasional kiosk in the middle of a […]

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