Amanda Bosland, Author at Rockville Economic Development, Inc

Intellian invests $100 million to develop satellite communication technologies in Rockville

The Advanced Development Center is Intellian's first and only U.S.-based research and development center

Rockville, Md., Apr. 26, 2023 – Intellian Technologies, a leading global provider of multi-constellation, feature-rich, future-proof satellite user terminals and communications solutions, announced their $100m investment into the research and development of satellite communication technologies at the official opening of their Advanced Development Center (ADC) in the City of Rockville in Montgomery County, Maryland.

Intellian’s role within the satellite communications industry has become increasingly essential in the past 20 years. Their gateways land traffic from communication satellites, with Intellian’s user terminals empowering consumer connectivity to these satellite networks.

ADC is Intellian’s first and only US-based research and development center, hosting a number of top industry talent for the product development of phased array antennas and user terminals. Growing to a team of over 70 by Q4 2023, this investment will boost economic growth and foster innovation within the state of Maryland and locally in Montgomery County. Developments in satellite technology are making satellite networks far more competitive than ever before and are opening the door to truly global, high bandwidth coverage for everyone. This will empower the most remote communities with access to connect online, and enjoy broadband speeds without the need of a lengthy infrastructure project to install fiber networks.

In the United States, the crucial need for connectivity is recognized by the Federal Communications Commission (FCC). The FCC’s Combatting Digital Discrimination task force aims to promote equal access to broadband across the country, regardless of zip code, income level, ethnicity, race, religion, or national origin. The FCC’s Rural Broadband Accountability Plan is tasked with bringing more connectivity to rural areas, where difficult terrain and long distances between households discourage private broadband investment. In Maryland, this need is also recognized with the One Maryland Broadband Network initiative.

“Establishing our Advanced Development Center in Montgomery County, Maryland is a key strategic decision for us,” says Eric Sung, Intellian’s CEO and President. “The ADC is ideally situated in the heart of ‘Satellite Valley’, with many of our key satellite network partners close by. With an ever-increasing interest from enterprise, government and maritime customers for phased array antennas, the $100m commitment to the development of this product portfolio is a key point of growth and expansion for Intellian. We look forward to strengthening Maryland’s position as a focal point within the global satellite communications industry.”

“We are pleased to welcome Intellian to Montgomery County, Maryland” said Montgomery County Executive Marc Elrich. “The satellite manufacturing industry is valued at over $16.2 billion currently, and is projected to reach $27.3 billion by 2031. Montgomery County is home to NIST, as well as a vast and talented pool of engineers, scientists and experts in this industry. This workforce continues to attract dynamic and innovative companies like Intellian to Montgomery County. Intellian’s Advanced Development Center will further enhance our reputation as ‘Satellite Valley.”

About Intellian Technologies, Inc.

Established in 2004 in South Korea, Intellian is a worldwide leading provider of satellite antennas and terminals, with a mission to empower connectivity which in turn powers the world. Learn more at https://www.intelliantech.com/en/home#

MasPanadas triples space in Rockville for major expansion

The 12,000 square foot acquisition at 601 Dover Road is adjacent to its current facility on Southlawn Lane in Rock East District

Article originally published by Washington Business Journal on March 27, 2023

MasPanadas is readying to move into larger digs that will position it to triple the amount of frozen empanadas it produces at its Rockville headquarters.

The company, which does business as Latin Goodness Foods LLC, recently took delivery of another 12,000 square feet at 601 Dover Road, adjacent to its 6,000-square-foot facility on Southlawn Lane, and is awaiting permits from the city of Rockville to begin building out the space.

Once that’s completed, likely during the third quarter, MasPanadas hopes to ramp up from five tons of product a week to roughly 15 tons, per founder and CEO, Magarita Womack. To help fuel that growth, it recently closed a $1.5 million seed funding round with backing from Angeles Investors and Union Kitchen, the food business accelerator and retailer where MasPanadas got its start in 2017.

“The line has really grown with popsicle sticks and duct tape, and now we can be so much more efficient,” said Womack, whom the Washington Business Journal recognized as its small business owner CEO of the Year in 2022.

The increased production will include both private-label empanadas that it makes for such retailers as MOM’s Organic Market, Streets Market & Cafe and Whole Foods Market and sells under the stores’ brands, and its own MasPanadas-labeled products. Up to now, the company has been mostly focused on private-label sales, said Womack, but plans to deploy cash from the new funding round to get its branded frozen empanadas on more store shelves. The goal, she added, is to increase annual revenue from roughly $6 million to $10 million.

MasPanadas has five different products on store shelves, including chicken and vegetables, beef and vegetables, and pizza empanadas, and another eight for private-label sales.

It is one of a number of startups to successfully emerge from retail and food business incubator, Union Kitchen, with others including Compass Coffee, Snacklins and Swapples. Its latest fund was oversubscribed by around $25,000 — a swell of support for which Womack is grateful as the company navigates its next phase of growth.

It’s an awkward time in its growth cycle as MasPanadas is no longer a tiny startup but not quite established enough to easily line up construction financing, Womack said. Her initial lender was reluctant to extend financing until the company showed the kind of increase in sales it projected in its business plan — but that bump was conditioned on completing the expansion for which it was seeking funding.

Womack said MasPanadas’ landlord at 14672-B Southlawn Lane advanced the company enough to cover tenant improvement costs while it works to close on its construction financing. In addition to the physical expansion, the company is investing about $1.8 million in equipment.

“We’re kind of in that preteen phase, where you’re not quite a startup, but you’re not quite a small business either,” she said.

Source: https://www.bizjournals.com/washington/news/2023/03/27/empanadas-maker-maspanadas-rockville-expansion.html

About Latin Goodness Foods, LLC dba MasPanadas

MasPanadas is a woman-owned, Rockville-based manufacturer of empanadas (a popular Latin American street food) located at 14672-B Southlawn Lane in Rockville’s Rock East District. MasPanadas hires from underserved segments of the local community with over 80% of their staff representing immigrant women. Learn more about MasPanadas at https://maspanadas.com/

Business Spotlight: The Monitor Group, LLC

"Our policies ensure that we are committed to making a difference locally and globally by supporting businesses that also give back"

What does The Monitor Group offer?

We are a family-owned independent financial services and wealth management firm that strives to create long term relationships with our clients, our employees and the community at large.

How did The Monitor Group come to be?

We started The Monitor Group in 2005 out of the need to provide better advice and service to our clients. We saw the financial services industry shifting away from product sales and towards holistic financial planning. We chose the name because literally “we are monitoring” your progress towards financial freedom but also because the “monitor” lizard has dinosaurs in its lineage, thus connoting longevity, endurance, lastingness and continuity.

What makes The Monitor Group unique?

Our business is not just focused on our clients’ future, but we really want to provide an encouraging environment for our teammates and community. We promote many non-compensation benefits including a culture calendar, professional development, and annual employee wish lists, to name a few and include an intrapreneurial mindset for growth. These qualities and more shape our culture and lead to very low employee turnover.

For the community, corporate social responsibility is vitally important to who we are as a company. Our policies ensure that we are committed to making a difference locally and globally by supporting businesses that also give back, volunteering our time in the non-profit community and making financial donations.

Why did The Monitor Group decide to base its operations in Rockville?

Rockville chose us 🙂 We had been working for other businesses in Rockville since 1999 and decided we should stay in the area for the benefit of our clients.

What’s in The Monitor Group’s future?

We see our business having expanded by the clients we serve, the advisors we support and adding employment opportunities to assist with this growth. We have a corporate giving mission also and plan to expand our quarterly community philanthropy.

About The Monitor Group, LLC

The Monitor Group is a family-owned, independent financial services and wealth management firm located at 2600 Tower Oaks Boulevard, Suite 220, Rockville, MD 20852. Learn more at https://www.tmg-llc.net/

Business Spotlight: Nature by Trejok

"We are a happy place that mixes art, creativity and product curation to bring unique pieces to our clients"

What does Nature by Trejok offer?

We are a happy place that mixes art, creativity, and product curation to bring unique pieces to our clients – inspired by the vintage-contemporary vibes. We design ready-to-wear collections of clothing, shoes, and accessories, and curate vintage pieces including china, collector’s items, home goods and inspirational stationery.

What motivated you to start Nature by Trejok?

I am a doctor who graduated abroad and in order to obtain the financial resources to get my medical license in the US. I used my talents and abilities to start an adventure in the world of business and entrepreneurship.

I was inspired by my grandmother’s life; her name was Josefa Trejo and my business name is in honor of her. She was a sophisticated lady who spent many years living in Europe, and she had collections from Limoges, Richard Ignore, and Royal Doulton among others.

My store reflects my childhood memories and my designs are inspired by her style combined with mine.

What makes Nature by Trejok unique?

We offer one kind of pieces in our clothing, shoes, and accessories collections. Almost all the time our pieces are personalized – that means that we speak with the client and according to their lifestyle, preferences, and style – we make their dreams come true!

We have our creative laboratory on site where people can see how the products are made and they are able to choose materials, colors, and texture. We have a strong combination of creativity, originality, inspiration, and art.

Why did you choose to locate Nature by Trejok in Rockville?

We started our journey in Rockville in 2019 in the Maryland Women’s Business Center incubator – MWBC Shop Local. At the end of the program we felt a strong community connection which motivated us to find a home for Nature by Trejok in Rockville Town Square.

Where do see Nature by Trejok 5 years from now?

I see Nature by Trejok expanded with 2 or 3 more locations throughout the DMV, and probably in others states. We are working hard on the expansion process!

About Nature by Trejok

Nature by Trejok is a woman-owned retail boutique offering unique and eclectic clothing, accessories, stationery and home furnishings. The store is located at 130 Gibbs Street, Unit B, Rockville, MD 20850 in Rockville Town Square. Learn more at https://naturebytrejok.com/

Greater Rockville Chamber of Commerce CEO named 2023 Maryland Chamber Executive of the year

Each year an award is presented to a chamber executive who has demonstrated outstanding success in leading their chamber of commerce

The Greater Rockville Chamber of Commerce’s Chief Executive Officer, Marji Graf, serves on Rockville Economic Development, Inc’s (REDI) Board of Directors. REDI congratulates GRCC on their recognition, and is grateful for the continued involvement and guidance of Ms. Graf.

Annapolis, Md., Apr. 3, 2023 – The Maryland Association of Chamber of Commerce Executives (MACCE) named Greater Rockville Chamber President and CEO Marji Graf its 2023 Maryland Chamber Executive of the Year.

“Marji is an exceptional leader and was selected as MACCE’s 2023 Chamber Executive of the Year because of her many notable accomplishments on behalf of the Greater Rockville Chamber of Commerce,” said Bill Chambers, MACCE President. “Marji helped the Greater Rockville Chamber, and its members deal with the many challenges of the pandemic, while still focusing on their program of work and making a difference for her members and her community.”

Among the numerous accomplishments noted in Marji’s nomination, standout achievements included diversifying and expanding her chamber’s programming, increasing its fiscal stability, and developing new, innovative responses to attracting and retaining members. “She is a dedicated
leader with a positive attitude and innovative spirit. Her commitment to the Chamber’s success was evidenced by adding new events, advocating for local businesses, and leading an effort to develop and implement values–based dues in 2022,” stated Laura Nash, Board Chair of the Greater Rockville Chamber and Relationship Manager and Vice President of West Financial Services.

An active member of MACCE, Marji is currently serving in her second year on MACCE’s Executive Board as Treasurer. Previous to moving to Maryland five years ago, Marji was a chamber leader in New England where she served as President of the Vermont Association of Chamber of Commerce Executives and President of the New England Association of Chamber of Commerce Executives.”

Each year MACCE presents an award to the chamber executive who has demonstrated outstanding success in leading his/her chamber of commerce. Criteria include employment at the current chamber for at least three years as well as documentation of proven success in overcoming challenges, in fiscal management, legislative action, and in achieving the chamber’s program of work.

About Greater Rockville Chamber of Commerce (GRCC)

The GRCC serves as the voice of the thousands of businesses that proudly call Rockville, MD their home. It strives to create and support a thriving Rockville through educational programs, networking opportunities, and services; civic and business involvement in cultural and social programs and services; and advocacy for the interdependence of business and civic goals to expand economic vitality in Rockville. Learn more at https://rockvillechamber.org/

Rockville Economic Development, Inc. Publishes New Rockville, MD Guide for Businesses

For Immediate Release:
March 28, 2023

Contact:
Amanda Bosland
Communications Manager
301-355-2213
amanda@rockvilleredi.org

ROCKVILLE, Md., – Today Rockville Economic Development, Inc. (REDI), a 501 (c) 3 nonprofit whose mission is to identify and develop economic opportunities to help the businesses in Rockville prosper, published its new Rockville, MD Guide for Businesses. The Guide for Businesses is a comprehensive resource for entrepreneurs and business owners looking to grow and thrive in Rockville, MD.

The Rockville Guide for Businesses was created by REDI in consultation with the City of Rockville, and local business organizations and stakeholders. The new guide provides city data, resources and contact information of key partners and stakeholders in Rockville and the wider community.

“Whether you’re just starting up or are looking to take your business to the next level, the Rockville Guide for Businesses is an invaluable resource that can help you easily navigate Rockville’s business community, and help you achieve your goals,” said REDI’s Chief Executive Officer, Cindy Rivarde.

The Rockville Guide for Businesses is online, mobile-friendly can be accessed by visiting https://rockvilleredi.org/rockville-md-guide-for-businesses-2023/

About REDI

Rockville Economic Development, Inc. (REDI) is a public-private partnership that helps businesses launch, locate, and expand in the City of Rockville, Maryland. Committed to economic development, REDI is proactive in its efforts to support existing industry and attract new businesses with the tools to get started in Rockville, and resources and guidance to existing businesses in the city. To learn more, visit: https://rockvilleredi.org/

Business Spotlight: BETAH Associates, Inc.

"BETAH means 'trust and confidence,' which we build and maintain through client experiences that truly surpass expectations."

What services does BETAH Associates, Inc. offer?

BETAH Associates is an award-winning communications and professional services firm with a 35-year record of success providing exceptional client experiences to government clients, as well as those in the private- and nonprofit sectors. Our core competencies are communications and creative services, event management (for in-person, virtual, and hybrid gatherings), training and technical assistance, peer review services, and other kinds of professional support. BETAH combines decades of expertise as strategists and implementors to bring a solutions-driven approach to help our clients achieve their missions, reach their audiences, and create stories and experiences that inform and inspire.

What is BETAH Associates’ origin story?

My journey to business ownership is different from the typical path. I’m not the original founder, and leading BETAH Associates is not a role I was prepared or groomed for. In fact, I never envisioned a role in government contracting – it wasn’t in my life plan. My background is in television and film production. I wanted to use my skills and creativity to raise awareness and to educate and affect change in communities. My mother, the founder and original CEO of BETAH, was a dynamic force in business with a stellar reputation with staff, partners, and clients. She was the previous leader and the leader I admired most. I worked in the company as a communications director and watched her wheel and deal with the best of them yet move with immense grace and integrity. Early on, she and I agreed that I would not take over the business. I enjoyed the creative role I held and had no desire to run a government contracting firm.

When my mother passed away after a long-fought battle with cancer, I felt compelled to keep the doors open – I believed in the business, mission, vision, and the clients and communities we impacted. So, I accepted the challenge and stepped into my mother’s position – a post I’ve been delighted to hold for 16 years as I developed my vision and shepherded the company through a period of healthy growth.

What makes BETAH Associates unique?

Our name says a lot about our business: BETAH means “trust and confidence,” which we build and maintain through client experiences that truly surpass expectations. We are proud to be a minority- and woman-owned small business that has been recognized three times on Inc. Magazine’s list of fastest-growing companies in the nation. GrowthLab ranked BETAH #18 out of 100 of the top marketing communications firms in government contracting, based on FY2022 data for prime, unclassified contracts awarded across all US federal agencies.

Our team is solutions-minded, inventive, passionate, and accountable — and we believe in doing well by doing good. Our values are based on what we call “The BETAH Way,” which drives employee engagement and productivity. The BETAH Way sparks creativity, curiosity, and completion of a well-done job. We are consistent and committed to being the best at what we do: Persevering with gratitude and uncompromising integrity, treating everyone with dignity and professionalism, and meeting challenges with compassion and wisdom. Great people make our company great, resulting in low turnover and high job satisfaction — a rarity among firms today. We take on an unpredictable tomorrow with the clarity of purpose and bravery of heart, knowing that confidence is in our name – We rise!

Why is Rockville, Maryland BETAH Associates’ headquarters?

Ours is a virtual business structure with employees located throughout Maryland, Virginia, DC, and other remote locations throughout the country. We chose Rockville as our headquarters because of its convenience, affordability, and proximity to many of our clients and partners located in Maryland and the nation’s capital. I’ve lived in Montgomery County for over 40 years and consider Rockville to be a vibrant center for business, entertainment, and families. We’re proud to be part of the Rockville community.

What’s next for BETAH Associates?

In November 2023, BETAH celebrated our 35^th anniversary as a successful business. It was an exciting accomplishment for us! This year, we are thrilled to continue unveiling our updated branded identity for the business – showcasing that we will grow and excel by transforming communications to meet our clients’ needs and the constituents they serve for our next 35 years. As a leading communications and professional services firm, we will continue to strengthen our foundation in government contracting and serve even more corporate and nonprofit clients who want to transform their communications and deliver significant social change.

About BETAH Associates, Inc.

BETAH is a certified small, women-and-minority owned business headquartered at 199 E. Montgomery Avenue, Suite 100, Rockville, MD. Founded in 1988, BETAH Associates provides communications and creative services, event management, training and technical assistance, peer review services, and more. Learn more at www.betah.com

BXP unveils plans for Shady Grove Innovation District in Rockville

The Shady Grove Innovation District is a world-class, amenity-rich, mixed-use district catering to the dynamic life science industry

Article originally published by BioHealth Innovation on March 6, 2023

The Shady Grove Innovation District is a planned mixed-use, transit-served innovation ecosystem of more than 1.3M SF located in Maryland’s premier life sciences cluster.

BXP, formerly Boston Properties, recently unveiled plans at its pre-application community meeting to develop the Shady Grove Innovation District (“SGID”), a world-class, amenity-rich, mixed-use district catering to the dynamic life science industry in the heart of the Shady Grove cluster in Rockville, Maryland. SGID will initially include 150,000 square feet of lab/R&D space in a five-story building and 315 luxury apartments. The district has the potential to grow to more than 1.3M square feet of lab/R&D space across a total of nine buildings. Construction could begin as early as mid-2024.

BXP seeks to create a buzzing community of innovators at SGID in a more urbanized environment than has traditionally been available to life science companies along the I-270 corridor in Montgomery County, Md. The project will be served by a new bus rapid transit line on Shady Grove Road providing a short, two-stop trip to the Shady Grove Metro Station. SGID is surrounded by walkable retail offerings, including a new Amazon Fresh, Mom’s Organic Market, CVS, CAVA, Firehouse Subs, and many others, as well as lifestyle amenities, such as the 24+ acre Mattie J. Stepanek Park and two crosstown routes in the Rockville Bikeway Master Plan. On site, SGID will offer a two-acre central park and plaza space, and a landscaped, activated network of pedestrian paths.

“We have spent a lot of time studying innovation districts and the key ingredients that make for a successful innovation community,” said C.J. Overly, senior project manager at BXP, during the meeting. “One of those ingredients is the physical infrastructure that fosters collaboration and connection.”

The lab buildings at SGID will be built to support BSL Category-2 functions and have an 18-foot slab-to-slab height on the ground floor and 15-foot heights on upper levels. In addition, two of the buildings have been conceptually designed to include a larger ground floor area and a removable second-floor slab to enable greater than 26-foot ceiling heights for a biomanufacturing use. All lab buildings will be targeting a LEED Gold standard for sustainability and be served by convenient adjacent parking.

About Shady Grove Innovation District (SGID)

The Shady Grove Innovation District (“SGID”) will be a world-class, amenity-rich, mixed-use district catering to the dynamic life science industry in the heart of the Shady Grove cluster in Rockville, Maryland. SGID will feature 1.3M SF+ of new lab/office space and 315 luxury apartments set in a new, walkable urban environment. Learn more at https://www.sgidmd.com/

Rockville ranked as eight most ethnically diverse city in U.S. in 2023

Rockville placed 8 of 501 in WalletHub's 2023 study of cities in America

According to a study of ethnically diverse places in America conducted by WalletHub, Rockville ranks eight overall and fourth among small cities for its ethnic diversity. More than one-third of Rockville’s 67,117 residents were born outside of the U.S.

Four of the top 10 most diverse cities in the country are in Montgomery County, Maryland. The personal finance website placed Germantown, Gaithersburg, Silver Spring and Rockville among its top ten “2023 Most & Least Ethnically Diverse Cities in the U.S.” Rockville has ranked within the top 10 spots of WalletHub’s ethnic diversity study from 2017-2022.

WalletHub compared the most populated U.S. cities across three key metrics:

Ethnoracial Diversity
Linguistic Diversity
Birthplace Diversity

Each metric was graded on a 100-point scale, with 100 representing the most ethnic diversity. The weighted average across all metrics were determined to calculate the “Ethnic Diversity Score” for cities and the resulting scores to rank-order the sample.

The top 10 most diverse cities in America, in order, were:

Germantown, MD
Jersey City, NJ
Gaithersburg, MD
Silver Spring, MD
New York, NY
Kent, WA
Spring Valley, NV
Rockville, MD
San Jose, CA
Oakland, CA

Learn more about Rockville’s economy, workforce and amenities here

To view the full list of cities in WalletHub’s 2023 report, please visit: https://wallethub.com/edu/cities-with-the-most-and-least-ethno-racial-and-linguistic-diversity/10264

Rockville’s Edge Commercial Real Estate acquired by KLNB

The deal allows KLNB to establish a greater presence in Montgomery County

Rockville, Md., Feb. 21, 2023 – KLNB, the Mid-Atlantic region’s largest privately held CRE brokerage firm, announced today the acquisition of Edge Commercial Real Estate, the 16-year-old Rockville, Md.-based brokerage with offices in Maryland, Virginia, and Washington, D.C..

The deal will increase KLNB’s size by roughly 20%, adding 32 total employees, 18 of which are brokers who specialize in multiple facets of office, industrial, tenant representation, and multi-family investment sales and leasing. Six of the brokers will be immediately installed as principal partners at KLNB. The official financial details of the acquisition have not been disclosed, but the transaction includes substantially all of Edge’s assets.

The acquisition of Edge instantly delivers significant advantages for KLNB’s office and industrial tenant rep components, a specialty that is responsible for two-thirds of Edge’s revenue. KLNB has been looking to build this area of its business, and Edge’s six-person team, focused solely on tenant representation, allows KLNB to inject a sizeable team of experts, all at once.

This acquisition also provides KLNB with an immediate opportunity to expand into the multi-family market, another pillar KLNB had been looking to create. Edge is known throughout the DMV as a leader in multi-family real estate with $9.5 billion in Mid-Atlantic sales and a 99% closing ratio on listings. Their multi-family services include seller and buyer representation, office-to-residential conversions, adaptive reuse, and land and development site assessment. With an impressive regional portfolio of over one million square feet of property management and engineering assignments, KLNB’s property management portfolio will also increase, with Edge’s group folding into KLNB Asset Services, a joint venture between KLNB and Divaris Real Estate.

Lastly, the deal allows KLNB to establish a greater presence in Montgomery County, something KLNB has been eager to do. Edge’s Rockville, Md. location makes that possible and gives KLNB its fifth office in the DMV.

“The acquisition of Edge fits perfectly in our timeline for smart and disciplined progression,” says KLNB President Marc Menick. “Our evolution has always been calculated to ensure it makes sense for our team and our clients. By acquiring Edge, we will be able to do virtually everything we’re already known for, but at an even higher level and a wider reach. And in the case of multi-family, this opportunity brings the KLNB customer experience to a whole new sector that we have wanted to approach for some time.”

But ultimately, it was the seamless cultural fit of the two firms that made the deal most attractive. Menick says that leadership from both teams had discussed the possibility of an acquisition on several occasions since 2018, realizing both brokerages share similar cultural traits and a mutual professional respect. Then, in late 2021, when Edge Founder and Managing Partner Joe Sutton announced he was leaving the firm, the timing became perfect for the two companies to turn mere discussions into reality.

“In many ways KLNB is the firm that Edge was already starting to become,” says current Edge Partner, and future KLNB Partner, Marc Balamaci. “The discussions that we had with Marc [Menick] and his team over the last few years made it clear that KLNB was a natural fit and offered a truly mutual benefit across all of our disciplines.”

The acquisition comes on the heels of both KLNB and Edge having their best years ever in 2022. KLNB reported $1.8 billion in transaction volume and 1,170 total transactions, an increase of 3.3% and 11% over 2021, respectively. This gives KLNB three record-setting years since 2019. For Edge, 2022 saw $492MM in transaction volume and 231 total transactions.

The success of both brokerages showcases two firms that offer steady and impressive patterns of growth, despite challenging economic conditions brought on by the pandemic and rising interest rates. That success, together with the terrific cultural match of the firms, and KLNB’s clear path for professional development and promotion, gave Edge’s leadership team every confidence that being acquired by KLNB was the right decision.

“KLNB’s reputation in the market is outstanding, both as thought leaders in commercial real estate, and for their focus on customer dedication,” says Sutton. “Though I am departing the company, this will be a fantastic opportunity for the Edge team. Joining KLNB will give them a clear new path for professional development, and the ability to work with a firm that offers the same level of service and reach as the largest commercial brokerages but retains the close-knit culture that Edge has also been known for.”

Press release link https://klnb.com/klnb-acquires-edge-commercial-real-estate/

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