BETHESDA, Md. - Jul. 25, 2017 - Marley Welsh, Lee & Associates; Evan Feldman, Feldman Bergin Development; Kate Jordan, Lee & Associates; Eric Noonan, Hyatt Commercial and Bill Harrison, Lee & Associates were among the attendees at a broker event held at 1334 Ashton Road in Hanover, Maryland. Earlier this year Feldman Bergin Development, in partnership with Kenwood Management Company, acquired the single-story, 38,000 square foot flex/office building.
This represents the inaugural project for Washington, D.C.- based Feldman Bergin Development, a new entity founded last November by Evan C. Feldman, formerly with Archstone-Smith and Washington Property Company and Robert Bergin, who was previously associated with Corporate Office Properties Trust. Kenwood Management Company, based in Bethesda, Maryland, is a 20-year old commercial real estate investment and property management company.
Lee & Associates Chesapeake Region is the exclusive leasing company for 1334 Ashton Road, with Kate Jordan and Marley Welsh handling the requirement.
“This building is an opportunistic acquisition for our group, given the strong market fundamentals that exist in the Anne Arundel County sub-market, coupled with the strong value-add prospects of this asset,” stated Robert Bergin, Co-Founder and Principal of Feldman Bergin Development. “We believe the economic drivers contained within this region, led by BWI International Airport, the presence of the federal government and a diverse business climate, will enable us to quickly accelerate the leasing of 1334 Ashton Road. Our team continues to scour the Maryland, Washington, D.C. and Northern Virginia region searching for our next value-add opportunity.”