Brokerage
MacKenzie Wins Listing for Sale of “Headquarters-Quality” Office Building in Bowie, MD
Five-story building at 4201 Mitchellville Road contains nearly 50,000 square feet of office space. MacKenzie Commercial Real Estate Services, LLC has been awarded the exclusive sales listing for 4201 Mitchellville Road, a five-story building in Bowie, Maryland containing nearly 50,000 square feet of commercial office space. Formerly serving as the corporate headquarters…
Read MoreMacKenzie Brokers Sale of 11.5 Acre Site in Montgomery, County
Site on 24620 Frederick Road in Clarksburg, which contains small industrial building, will be utilized by new owner for equipment storage and office space. MacKenzie Commercial Real Estate Services, LLC has brokered the sale of an 11.5-acre site in the Clarksburg section of Montgomery County, Maryland for $5.3 million. Adam Nachlas, SIOR,…
Read MoreMacKenzie Brokers Three Retail Leases to Elevate Quarterfield Station in Glen Burnie to 100% Occupancy
Pain Management Solutions, Clearway Surgery Center, and Starbucks Coffee sign leases totaling more than 10,000 square feet of space at 23,180 square foot neighborhood shopping center. MacKenzie Commercial Real Estate Services, LLC has brokered three retail leases, cumulatively totaling more than 10,000 square feet of space, at Quarterfield Station, a 23,180 square foot…
Read MoreMacKenzie Brokers Sale of Two Industrial Properties in the BWI Area
145 8th Avenue, NW in Glen Burnie sells for $1.6 million and 7121 Kit Kat Road in Elkridge trades for $1.3 million, with both assets featuring in-demand outdoor storage areas. MacKenzie Commercial Real Estate Services has executed the sale of two industrial properties located in the central Maryland area, in separate transactions, for nearly $3…
Read MoreDNL 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…
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