MacKenzie Commercial Real Estate Services brokers 17,585 square foot lease at 8098 Sandpiper Circle
Restorative Therapies, Inc., a company founded by a Johns Hopkins University professor to improve outcomes with patients dealing with spinal cord injuries and other neurological issues, is relocating its corporate headquarters from Harbor East in Baltimore City to the White Marsh section of Baltimore County. MacKenzie Commercial Real Estate Services represented both sides and brokered the 17,585 square foot lease with Kenwood Management Company at 8098 Sandpiper Circle, a single-story building containing 47,680 square feet of commercial office space. Matt Mueller, Senior Vice President and Henson Ford, Senior Real Estate Advisor represented Kenwood Management Company and Mark Deering, Senior Vice President and Principal and Matthew Curran, Vice President, represented the tenant in this transaction.
Restorative Therapies develops, manufactures and distributes FDA-cleared medical devices that are used for neurological rehabilitation and critical care early mobility. The equipment and therapeutic processes are designed to support positive outcomes for patients in critical care, neurological rehabilitation and home settings and commonly used for those dealing with spinal cord injuries, stroke, multiple sclerosis, cerebral palsy or brain injury. Approximately 35 employees are expected to relocate to White Marsh this fall.
“Looking ahead to our next corporate growth cycle, this location in Baltimore County provides a higher degree of convenience to our existing workforce, offers expansion space and places us closer to a highly-specialized talent pool that we intend to regularly tap into,” explained Jim Janicki, President and CEO of Restorative Therapies. “The single-story configuration of the space allows our team to work closely together, which will improve synergy and communication.”
Constructed in 1998, 8098 Sandpiper Circle features ceiling heights that can range to 16 feet and free parking on an adjacent surface lot. Overlooking Interstate 95 and within close proximity to Interstate 695, the building is within walking distance to several regional shopping centers including The Avenue and White Marsh Mall, as well as numerous sit-down and fast-casual restaurants.
“This move continues the trend of companies exiting the city in search of flexible office space to accommodate their new hybrid work strategies, free parking and an easier commute for employees,” stated Matthew Curran of MacKenzie Commercial Real Estate Services. “Restorative Therapies chose this building due to its convenient location, access to amenities and ability to accommodate a variety of administrative office, assembly and warehouse and storage uses.”
“Completing this lease with Restorative Therapies was a true collaboration of effort,” explained Bill Singer, Principal for Kenwood Management. “When a tenant, landlord and broker all work together to achieve the goals for a business owner, the end result is incredibly successful. Restorative’s space design will not only reflect their operational requirements, but also provide ‘cool’ features to enhance employee enjoyment and engagement.”
MacKenzie Commercial Real Estate Services is the real estate brokerage arm of The MacKenzie Companies, which operates six full-service divisions addressing all real estate asset classes including MacKenzie Management Company, LLC, MacKenzie Contracting Company, LLC, MacKenzie Capital, LLC, MacKenzie Investment Group and Datastory Consulting. The company provides customized real estate solutions for institutional owners, investors, private companies and individuals. For additional information, visit www.mackenziecommercial.com