Brokerage
DNL 1825 Edison, LLC Acquires Edison Industrial Center in Northeast Baltimore City
MacKenzie Commercial Real Estate Services brokers sale on behalf of Edison Commercial, LLC. DNL 1825 Edison, LLC has acquired Edison Industrial Center, a multi-use project containing more than 16,000 square feet of warehouse, showroom and commercial office space in Northeast Baltimore City for $1.275 million. Located at 1825-1829 Edison Highway, Patrick Smith, SIOR, Vice President;…
Read MoreMacKenzie Brokers Sale of Full-Leased Commercial Office Building in Ellicott City
“Despite the negative headlines about interest rates and the purported toxicity of this asset class, many opportunities persist for both sellers and investors of suburban-located office product,” says Owen Rouse, Kenwood Management Company has acquired 9011 Chevrolet Drive, a single-story, 19,259 square foot commercial office building located in the Ellicott City…
Read MoreResidential Sales and Retail Leasing Activity Remains Brisk at 108-Acre James Run in Harford County
Development group recently concludes land sale with Park Avenue Lifestyle for new $70 million independent living and assisted living project featuring 160 apartments, with completion set for 2025. Sales and leasing activity remains ahead of schedule across all asset classes at James Run, a new 108-acre mixed-use development currently under development in Harford County, Maryland…
Read MoreStubborn Inflation, Banking Crisis, and Uncertain Interest Rate Environment Causing Strain on Real Estate Leasing and Sales Activity Locally
On a positive note, non-residential construction surged 17 percent between May 2022 and February 2023 and currently sits at the highest level on record. The combination of rising interest rates and the uncertainty of future occupancy needs of companies has negatively impacted leasing activity throughout the greater Baltimore Metropolitan region in Q1 2023, resulting in the…
Read MoreMacKenzie Brokers Sale of 8,500 sf Retail/Medical Office Building
Sam’s New and Used Tires acquires 10701 Baltimore Avenue, located in Beltsville, Maryland. Sam’s New and Used Tires, a locally-owned company based in Prince George’s County, has acquired 10701 Baltimore Avenue, a single-story, 8,500 square foot retail/medical office building situated in Beltsville, Maryland for $2.075 million. Adam Nachlas, SIOR, Senior Vice President Chris Bennett, Executive…
Read MoreDuring the Expected “Year of Increases,” Commercial Office Building Owners Should Consider Disposition or Reposition Strategies
“Rising interest rates, tenant improvement costs, and vacancy rates in commodity office buildings suggest timing is ideal for ownership reevaluation,” says Owen Rouse of MacKenzie Commercial Real Estate Services Continuing the trend started during the second half of 2022, economists and real estate experts alike have designated 2023 as “the year of increases,” led by…
Read MoreMacKenzie Brokers Sale of Two Industrial/Warehouse Buildings in Baltimore, $6 Million
2300 Eskow Avenue in Halethorpe sells for $3.1 million 629 S. Philadelphia Boulevard in Aberdeen trades for $2.8 million MacKenzie Commercial Real Estate Services has executed the sale of two industrial/warehouse buildings located in the greater Baltimore metropolitan area – to two separate entities – for nearly $6 million. Andrew Meeder and Daniel…
Read MoreInnovative Consulting & Management Services Signs Lease at 100 Lakeforest Blvd. in Gaithersburg
Allison Perry and Adam Nachlas of MacKenzie Commercial Real Estate Services brokers lease for professional and technical management consulting firm Innovative Consulting & Management Services (ICMS) has signed a lease with Lakeforest Ventures, LLC for 4,935 square feet of office space within 100 Lakeforest Boulevard, a six-story building containing nearly 140,000 square feet of…
Read MoreMacKenzie Brokers Sale of 28,163 sf Industrial/Warehouse Building in Glen Burnie
521 Digiulian Boulevard is leased by Austin, Texas-based Architectural Surfaces and Houston, Texas-based ONE McDonough MacKenzie Commercial Real Estate Services has executed the sale of 521 Digiulian Boulevard, a single-story building comprised of just over 28,000 square feet of industrial/warehouse space for $4.22 million. Matthew Curran, SIOR, Vice President as well as Daniel Hudak and…
Read MoreWells Fargo Advisors Consolidates Two Annapolis-Area Locations at 2661 Riva Road
MacKenzie Commercial Real Estate Services brokers lease for 9,839 square feet of space Wells Fargo Advisors has signed a lease with 2661 Riva, LLC for 9,839 square feet of space within 2661 Riva Road in the Annapolis section of Anne Arundel County, Maryland, in a move that consolidates two area locations into one expanded space…
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