175 Admiral Cochrane Drive
The management division of Edge, a full-service commercial real estate firm with offices in Washington D.C., Virginia, Maryland and Pennsylvania, has been selected to provide engineering and maintenance services for a 10-building portfolio containing nearly 240,000 square feet of space situated primarily in the Anne Arundel County section of Maryland. The properties are owned and managed by Thomas Park Investments, a private equity real estate investment firm that acquires medical office buildings throughout the Mid-Atlantic and Northeast sections of the country. Shaun Comer, Director of Engineering for Edge will direct activities for this requirement.
Engineering services will be completed for ten properties throughout the Baltimore Metro MSA.
“Most of these assets are medical office buildings which, by their nature, require a higher level of attention to maintain peak operating efficiency,” explained Shaun Comer of Edge. “The typical building serving the healthcare sector contains sophisticated technology, efficient HVAC and redundant energy systems to maintain spaces that sometimes operate on a 24/7 basis. There is also an increased emphasis on cleanliness, which has been heightened during the pandemic. We are extremely comfortable and adept operating in this asset class and believe we will significantly increase the value and efficiency of this portfolio.”
“As part of our growth strategy, we felt it was extremely important to bring our property management function in-house, and supplement these services with experienced partners that match our high standards,” stated EJ Rumpke, CEO of Thomas Park Investments. “Edge impressed us with their knowledge of engineering and maintenance services, as well as the depth of their professional team. Medical and healthcare buildings, in particular, are held to a higher standard of cleanliness and operational efficiency, especially since COVID. As an owner and operator, our mission is to do everything we can to make employees feel comfortable to go to work and for patients to have confidence visiting their healthcare providers.”
Focused exclusively on healthcare real estate, Thomas Park Investments (TPI) is the fastest growing private equity real estate firm in its specialty within the mid-Atlantic. Founded in 2019, TPI’s leadership offers more than 25 years of commercial real estate experience and manages nearly 300,000 square feet of medical office space. The Annapolis, Md.-based firm is on a fast-paced trajectory to complete $100 million of medical office building acquisitions in 2021.
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. Founded in 2007, the company currently leases and manages more than 8.5 million square feet of commercial office, flex/office, industrial/warehouse, retail and mixed-use space. Visit www.edgecre.com.
