Insights

MacKenzie Completes Timonium Sale

MacKenzie Commercial Real Estate Services, LLC is pleased to announce the recent sale of 400 W. Padonia Road, Timonium, Maryland. Situated at the signalized corner of W. Padonia Road and Beaver Dam Road, the 1.48 acre site was formerly home to a 6,196 square foot Bob Evans Restaurant. The MacKenzie team of Mike Ruocco, John Harrington, and Tim Harrington represented the owner in the transaction.

“The sale of this property speaks to the strength of the current market in Baltimore County, especially for marquee, triple A locations,” stated Mike Ruocco. “A corner site at a signalized intersection with prime visibility along a heavily traveled corridor – similar properties remain highly coveted and continue to garner top tier pricing.”

MacKenzie received numerous offers from parties that had interest in both repurposing the building and scraping the site and redeveloping. The property sold to a local investor who has retained the MacKenzie team to list the property for sale or lease as they consider their various options for the site.

 For sales or leasing inquiries, contact Mike Ruocco at 443.798.9338 or mruocco@mackenziecommercial.com. For more information on MacKenzie’s full-service offerings, please visit www.mackenziecommercial.com.

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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.