MacKenzie’s Collaborative Platform Selected for North Park Business Community
The MacKenzie Companies are pleased to announce that they have been awarded the leasing, management, and construction assignments for North Park Business Community, located in Hunt Valley, Maryland. Comprising 4, 6, and 10 North Park Drive in Hunt Valley, Maryland, the 296,446 square foot portfolio recently sold to new ownership. MacKenzie Capital, LLC was responsible for the origination and closing of a 10-year fixed rate acquisition loan of approximately $28 million.
Situated just minutes from I-83, the North Park corporate campus offers a park-like setting amid walking paths, open air patios, and picnic areas and is immediately accessible to numerous restaurants, shops, hotels, and entertainment offerings, many located within the neighboring Hunt Valley Towne Centre. The project offers tenants easy access to I-83 and the Baltimore beltway, Downtown Baltimore, and surrounding major markets. Current availabilities range from 1,657 square feet to 4,854 square feet. North Park is currently 94% leased. The leasing team of Bill Whitty, Joe Bradley, Matt Mueller and Henson Ford will be working to fill the remaining spaces.
“We are honored to be selected for the leasing of the project,” stated Bill Whitty. “Hunt Valley remains a sought-after market for a variety of industries. The North Park Business Community presents tenants with multiple options, ranging from headquarter-type locations to those looking to grow their footprint in the region with additional offices. We look forward to working with the new ownership and bringing the project to 100% occupancy.”
Prior to the recent sale, MacKenzie was providing full-service property management for the project. MacKenzie will retain this representation, adding maintenance services and asset strategy advisory services. MacKenzie’s property management services include managing both the day-to-day physical management of the properties, as well as financial management of the investment. Responsibilities comprise lease abstraction and administration, accounts payable and receivable, reporting, contracting and oversight of third-party service providers, and supervision and maintenance of the building systems. MacKenzie will address day-to-day concerns of existing tenants and provide first point of contact for all tenant-related concerns, enhancing landlord/tenant relations and ultimately strengthening the buildings’ long-term success. MacKenzie Senior Property Manager Andrew Ingalls will oversee the management of the project. Additionally, MacKenzie’s contracting division will be spearheading all site and building improvements for the project.
“This assignment provides our team an exciting opportunity to represent, manage, and enhance a first-class office park that provides tenants a trophy location in a highly active market,” stated Brendan Gill, President of MacKenzie Management Company, LLC. “It is a rare opportunity that one firm can service a project from numerous service lines; it presents a great opportunity to add value.”
For more information regarding leasing opportunities, please visit www.mackenziecommercial.com or contact Bill Whitty at bwhitty@mackenziecommercial.com or 410.494.4862, or Joe Bradley at jbradley@mackenziecommercial.com or 410.494.4892.
MacKenzie Ventures, LLC (MacKenzie) possesses the multi-disciplined team necessary to excel in Maryland’s corporate real estate community. Comprising seven firms, MacKenzie provides clients a competitive, full service platform of offerings in leasing, sales, investment sales, tenant and landlord advisory services, corporate and business consulting, commercial and residential development, general construction, property and asset management, debt and equity capital placement, and market research. With more than 225 employees and offices in Annapolis, Baltimore, Bel Air, Columbia, and Lutherville, Maryland, MacKenzie is one of the largest full service commercial real estate firms in the Mid-Atlantic. Please visit www.mackenziecommercial.com for more information.
