MacKenzie Commercial Real Estate Services, LLC is pleased to announce the recent sale of Emmorton Professional Center in Harford County, Maryland. Located at 2107-2109 Laurel Bush Road in Bel Air, the 35,259 square foot office building was 92% leased at time of sale and includes a mix of government, national credit, and local tenants. The building was owned by Emmorton Road Associates, LLC and sold to Thomas Park Investments (TPI), a private equity real estate investment and development firm based in Annapolis looking to grow their portfolio that consists mostly of projects in Anne Arundel County. Emmorton Professional Center provided TPI the opportunity to acquire a stabilized asset with an excellent tenant mix in a mature market.
This sale involved multiple aspects of MacKenzie’s full-service platform; the MacKenzie Capital team of John Black and Brendan Harman provided financing; Vice President Mike Ruocco with MacKenzie’s brokerage division represented the seller in the transaction and will be providing leasing assistance for the new ownership team; and, MacKenzie Management was retained by the new owner to continue supporting the property’s management and maintenance service needs.
“We have a longstanding relationship with the MacKenzie team, their full-service platform is second to none in today’s market, truly an asset,” stated TPI Principal EJ Rumpke. “We are excited about our purchase and look forward to continued growth.”
Recently renovated to include refreshed common areas, new restrooms, and energy efficient lighting, Emmorton Professional Center has 2,264 square feet available for lease. The building is located off Route 924 with easy access to I-95, the downtown Bel Air Business District, and additional surrounding amenities. The project also includes a tremendous parking field, providing the ability to accommodate multiple professional uses.
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 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.