Joe Friedman, Partner and Regional Director, selected to lead investment sales platform and accelerate growth of EDGE brokerage services in regional marketplace
Washington, D.C.(September 4, 2018) - EDGE Commercial Real Estate, a regional commercial real estate services firm, has announced the opening of a new Washington, D.C. office location at 1828 L St. NW. The office will serve as the headquarters for the EDGE investment sales platform led by Partner Joe Friedman, a professional that brings nearly 20 years of diversified experience to this position. The new EDGE DC office also plans to attract entrepreneurial brokers to build a downtown DC landlord and tenant advisory practice.
EDGE Capital Markets Group specializes in investment sales advisory for the region’s most active private investors, real estate investment trusts, insurance companies, pension fund advisors, estate and other investment groups.
“Since our founding more than ten years ago, our major differentiation point between publicly-traded brokerage firms is to offer an ears-to-the-ground and nimble approach to solve complex real estate challenges,” explained Joseph A. Sutton, Jr., Managing Partner – EDGE Commercial Real Estate. “When it comes to recruiting new talent, we explain the team-oriented, yet hands-off, approach that defines our corporate culture with a focus on concluding the transaction and keeping our clients happy. The addition of our DC office completes the institutional-grade infrastructure that we have been building for a decade.”
“Fundamentals remain in place fueling an extremely brisk capital markets environment, as investors recognize the preferred yields available from investing in real estate assets,” explained Joe Friedman, Partner and Regional Manager – EDGE DC. “Despite the existence and expectations for rising interest rates in the future, an extremely strong national and local economy, and the continued availability of ready capital, buyers remain eager to invest in real estate across all classes. We believe it is important to establish a presence in downtown Washington, D.C. to maintain strong relationships with the financial institutions, real estate companies and related professionals that are engaged in the capital markets segment. The vibrancy, energy and accessibility of a downtown location also enhances our ability to attract and retain top talent that will provide our clients with the highest level of service and results they expect and deserve.”
Friedman, who joined EDGE earlier this year, has handled investment sales transactions for real estate organizations including Brookfield Properties, Duke Realty, First Potomac Realty Trust, Finmarc Management, and Douglas Development. Recent sales transaction highlights include Fort Davis Center, Gude Commerce Center, and Spring Valley Retail Center.A Washington, D.C. native and University of Michigan graduate, Friedman serves as co-chair of the NAIOP DC|MD Capital Markets Group and is a member of DC Real Estate Group.
“Joe brings the perfect blend of direct capital markets experience, relationships within the industry and leadership skills to this key position in our company,” added Sutton. “We were attracted to his extensive knowledge of the local marketplace, his demonstrated track record across a spectrum of asset classes and his vision to expand our market share. By establishing a presence in the Washington, D.C. core, our Capital Markets Group will be highly responsive and able to efficiently serve the needs of our clients.”
EDGE Commercial Real Estate is a commercial real estate firm providing a full complement of advisory, leasing, investment sales and management services to clients with real estate holdings throughout the Washington, D.C., Maryland and Northern Virginia marketplace. Founded in 2007, the company currently leases and managed more than 8.5 million square feet of commercial office, flex/office, industrial/warehouse, retail and mixed-use space. Headquartered in Gaithersburg, Maryland, EDGE Commercial Real Estate also operates offices in Tysons, Virginia, Washington, D.C. and Pittsburg, PA. Visit: www.edgecre.com
