MacKenzie Completes Sale of American Lumber Property
MacKenzie Commercial Real Estate Services, LLC is pleased to announce the sale of 520 S. Caton Avenue, Baltimore, Maryland, a four-building industrial property totaling nearly 25,000 square feet on approximately 2.02 acres. The property was owned by the Farbman family, founders of American Lumber Corporation. The Farbman family operated their business from this location since beginning in 1934. Recently, the business was sold to Alco Doors, one of the largest manufacturers of interior and entry door systems. After the sale of the business, Alco Doors leased the property back from the Farbman family and will remain a tenant in the property under its new ownership. MacKenzie Senior Vice President/Principal Daniel Hudak and Vice President Andrew Meeder represented the Farbman family in the transaction.
“With the industrial asset class in high demand, the property’s well-maintained condition, location, and credit of the tenant created an opportunity for the owners,” stated Hudak. “We worked with them to execute the sale to a regional investment group.”
For more information on MacKenzie’s full-service offerings, please visit www.mackenziecommercial.com. For industrial sales or leasing inquiries, contact Andrew Meeder at ameeder@mackenziecommercial.com or 410.494.4881; or, Daniel Hudak at dhudak@mackenziecommercial.com or 443.573.3205.
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MacKenzie Ventures, LLC (MacKenzie) possesses the multi-disciplined team necessary to excel in Maryland’s corporate real estate community. Comprising six firms, MacKenzie provides clients a competitive, full service platform of offerings in leasing, sales, investments, tenant and landlord advisory services, development, general construction, property and asset management, debt and equity capital placement, and location intelligence. 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.
