MacKenzie Commercial Real Estate Services, LLC is pleased to announce the recent sale of a 5.3 acre I-95/I-495 Beltway interchange site in Largo, Prince George’s County, Maryland. MacKenzie Vice President David McClatchy represented the seller, Arbor Lodging of Chicago, in the transaction. Situated at northwest quadrant of I-95/495 and Arena Drive, the site was sold to Sandpiper Hospitality of Richmond, Virginia. Plans for the site include the development of a two -unit WoodSpring Suites (formerly Value Place) extended stay hotel.
Founded in 2003, WoodSpring Hotels has become the fastest growing value segment extended stay hotel brand in the U.S. with more than 200 locations in 30 states. They are an aggressive competitor to Extended Stay America, who currently leads the extended stay field.
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 150 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.