Insights
MacKenzie Contracting Company, a full-service general contracting company based in Lutherville, Maryland, and part of The MacKenzie Companies, has announced the promotion of Kim Kincer to Senior Project Coordinator/Team Lead. Formerly Project Coordinator, Kincer has worked with the company since 2018. In her continuing role with the company, Kincer works directly with project managers and…
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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…
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New South Baltimore space to house specialized clinical oncology diagnostic testing labs, including sophisticated mechanical and electrical systems. MacKenzie Contracting Company has won a contract to oversee the comprehensive tenant build-out for Haystack Oncology’s new U.S. base and laboratory R&D center, contained within a 20,000 square foot space at the City Garage Science…
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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;…
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“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…
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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…
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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…
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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…
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Full-service general contracting company, currently celebrating 35-year anniversary, reports the most robust construction management backlog in the history of the company A perfect storm has enveloped the general contracting industry over the past two years – both nationally and locally – driven by escalating construction materials and labor costs, a rising interest rate environment and a…
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“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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