Rosedale Federal Savings & Loan Signs Lease for New Branch Banking Office at 1518 Sulphur Springs Road in Arbutus, Maryland
13th location for locally-owned financial institution with branches serving Baltimore City, Anne Arundel, Baltimore, and Harford Counties expected to open in first quarter 2025
Rosedale Federal Savings & Loan Association has signed a lease with Eastern Outdoor Advertising Company for 3,092 square feet of space at 1518 Sulphur Spring Road in the Arbutus section of Baltimore County, Maryland. The location, upon its expected opening in Q1 2025, will replace the existing Rosedale Federal branch at 5424 Carville Avenue and represents the 13th full-service branch banking office serving Baltimore City, as well as Anne Arundel, Baltimore, and Harford Counties, for the locally owned financial institution. Karen Deeley, Senior Vice President, MacKenzie Commercial Real Estate Services represented the tenant and Gail Chrzan, Senior Vice President, Blue & Obrecht Realty, LLC represented the landlord in this lease transaction. MacKenzie Contracting Company is handling the tenant build-out activities.
Founded in 1908, Rosedale Federal has assets of approximately $1.3 billion. Headquartered in Perry Hall, the bank provides a full range of financial services to both business and personal customers. This includes checking and savings accounts, online and mobile banking, certificates of deposit, residential mortgages, loans to fuel business growth, construction loans and more. In 2022, Rosedale Federal acquired CBM Bancorp, the Baltimore-based holding company of Chesapeake Bank of Maryland and its four-branch network in Anne Arundel, Baltimore and Harford Counties. Last year, the Perry Hall-based financial institution donated more than $249,000 to support local community groups and causes.
Built in 1975, the two-story, 12,000 square foot multi-tenanted building features a free surface parking lot, roadside visibility from Sulphur Spring Road and is within close proximity to MD Route 1 and Interstates 695 and 95. The structure was originally developed as a branch of the United States Post Office.
“This location is considerably larger than the branch banking office it replaces, which will allow for a heightened customer and employee experience. Our new branch will offer customers a full-service ATM, ample on-premise parking, and proximity to the Arbutus business district,” stated Kevin Benson, President, and CEO of Rosedale Federal Savings & Loan. “Improving our brick-and-mortar offices remains a key core mission, which aligns with our community-oriented approach to offer unparalleled personal banking services to businesses and individuals. Our new branch location at 1518 Sulphur Spring Road will help us elevate our corporate brand awareness and market share and provide another easily-accessible location for our customers.”
“The popularity and increasing use of digital banking is undeniable, especially among the younger demographic, but savvy financial institutions still value the benefits of operating brick-and-mortar branches, especially those offering prime visibility,” explained MacKenzie’s Karen Deeley. “When contemplating a critical financial decision, applying for a loan, or seeking advice, consumers feel more comfortable and secure having an in-person meeting with a banking professional. Physical locations also provide branding benefits and generate confidence in the strength and viability of a financial institution among consumers. Rosedale Federal enjoys an extremely loyal customer following in Arbutus, and it was a priority to remain in the immediate area to serve this audience and expand its base. 1518 Sulphur Spring Road is approximately one-third of a mile from the existing branch so the goal of minimal disruption was accomplished.”
MacKenzie Commercial Real Estate Services is the real estate brokerage arm of The MacKenzie Companies, which operates five full-service divisions addressing all real estate asset classes including MacKenzie Management Company, MacKenzie Contracting Company, MacKenzie Capital, and MacKenzie Investment Group. The company provides customized real estate solutions for institutional owners, investors, private companies and individuals. For additional information, visit www.mackenziecommercial.com
