Insights

MacKenzie Management Secures Five New Assignments Comprising More than 400,000 SF of Commercial Office, Retail, & Industrial Space

New wins are 221 Cockeysville Road in Cockeysville, 6855 Deerpath Road in Elkridge, Pikesville Plaza in Pikesville, 8500 Annapolis Road in New Carrollton and 11060 Johnson Road in Ashland, Virginia

MacKenzie Management Company, LLC has secured five new assignments to provide property management services for more than 400,000 square feet of commercial office, retail, flex/office and industrial space in the Baltimore-Washington, D.C.-Northern Virginia marketplace. The assets are 221 Cockeysville Road in Cockeysville, 6855 Deerpath Road in Elkridge, Pikesville Plaza in Pikesville and 8500 Annapolis Road in New Carrollton in Maryland and 11060 Johnson Road in Ashland, Virginia. With these wins, MacKenzie Management Company now provides customized property management services to nearly 200 properties comprising approximately 10 million square feet of space across all asset classes. MacKenzie Management Property Managers Marie Gerwig and Kevin Kimmel will oversee all day-to-day activities for these assignments.

6855 Deerpath Road is a 40,000 square foot commercial office building in Howard County. A significant renovation program is set to begin this year on Pikesville Plaza, a 70,000 square foot commercial office building situated at 600 Reisterstown Road in Baltimore County. 221 Cockeysville Road is a 35,358 square foot industrial/flex building located in Baltimore County. Situated in Prince George’s County, 8500 Annapolis Road is comprised of 65,660 square feet of office and retail space. 11060 Ashland Road is a 200,000 square foot warehouse building.

“As a New York-based owner of diversified assets throughout the DMV, MacKenzie Management has seamlessly assumed all day-to-day management and oversight of this asset, lifting a tremendously complex operational burden from our team,” explained Stephen Muller, Managing Principal of Vanadium Group LLC and the owner of 8500 Annapolis Road. “In an extremely short amount of time, they implemented best operational practices throughout the property, and provide best-in-class accounting oversight, simplifying financial tracking and institutional quality reporting. MacKenzie’s accounting function is as strong as their on-the-ground expertise, both of which were major drivers in our decision to partner with the company, a choice that has been immediately validated.”

“Our priority is to improve the operational efficiencies of each asset with the implementation of proven property management protocols and processes,” stated Brendan Gill, President of MacKenzie Management Company. “As part of a full-service commercial real estate group, our team is able to leverage the most updated data points, market intelligence and trends generated from our various divisions, and directly apply this information to benefit our customers. Additional points of differentiation are our detailed financial reporting and our ability to reduce costs based on the critical mass of assets we manage.”

MacKenzie Management Company is the property management division of The MacKenzie Companies, LLC, a Lutherville, Maryland-based commercial real estate services group. Since 1968, the firm has provided best-in-class tenant and landlord advisory, investment, development, general construction, property and asset management, debt and equity placement, and location intelligence services for institutional owners, investors, private companies and individuals. Additional full-service divisions addressing all real estate asset classes include MacKenzie Capital, MacKenzie Commercial Real Estate Services, MacKenzie Contracting Company, MacKenzie Investment Group, and Datastory Consulting. For additional information, visit www.mackenziecommercial.com