MacKenzie Commercial Real Estate Services, LLC is pleased to announce the recent sale of 11237 Philadelphia Road, a 30-acre industrial property situated in White Marsh, Maryland. The property was owned and operated by Vince’s Auto Parts, Inc. for over 70 years. MacKenzie’s Senior Vice President/Principal Daniel Hudak and Vice President Andrew Meeder represented the seller in the transaction.
The property had multiple zoning classifications, primarily MH-IM, Baltimore County’s designation for heavy industrial. This classification allows for a broad variety of industrial uses including outside storage, a hard-to-find commodity in Baltimore’s industrial market. Approximately 10 years prior, the zoning was flipped to residential when a national home builder made an unsuccessful bid to purchase and develop the property. Fortunately, the owners were able to have the industrial zoning re-adopted to take advantage of the current boom being felt throughout the industrial real estate market. The site was sold to Greenspring Realty Partners, a full service commercial real estate firm that specializes in the acquisition of opportunistic real estate investments. Greenspring plans to lease the site as an income producing property.
“The property presented as very attractive to both users and investors due to the heavy industrial zoning, allowing for multiple business operations,” stated Meeder. “We enjoyed working with the owners, helping them to achieve the property’s full potential in today’s market.”
For more information on MacKenzie’s full-service offerings, please visit www.mackenziecommercial.com. For industrial sales or leasing inquiries, contact Andrew Meeder at email@example.com or 410.494.4881; or, Daniel Hudak, SIOR at firstname.lastname@example.org or 443.573.3205.
MacKenzie Ventures, LLC (MacKenzie) possesses the multi-disciplined team necessary to excel in Maryland’s corporate real estate community. Comprising six firms, MacKenzie provides clients a competitive, full service platform of offerings in leasing, sales, investments, tenant and landlord advisory services, development, general construction, property and asset management, debt and equity capital placement, and location intelligence. 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.