Costar Group Recognizes MCRES with Two “Impact Awards Of The Year”
Brokerage firm cited for the sale of a three-building commercial office portfolio to Broadmead and its involvement with T. Rowe Price’s corporate headquarters at Harbor Point
CoStar Group has recognized MacKenzie Commercial Real Estate Services, LLC with two “Impact Awards of the Year” for 2026, with the Lutherville-based commercial real estate brokerage firm winning two of the five categories presented annually. MacKenzie was cited for brokering the sale of a three-building commercial office portfolio in Sparks to Broadmead, as well as its leasing involvement with T. Rowe Price’s corporate headquarters at Harbor Point in Baltimore City.
CoStar Group, a company which provides information, analytics, and marketing services to the commercial real estate sector, presents Impact Awards per market honoring the most significant lease, commercial development, multifamily development, redevelopment, and sale/acquisition annually. Chosen by independent panels of industry professionals who work in the markets they judge, the awards celebrate commercial real estate professionals who have brought leadership, innovation, and professionalism to their markets by completing commendable transactions and projects.
Sale/acquisition of the year – Broadmead acquires property for $16.5 million
Broadmead, Inc. acquired the three-building commercial office portfolio in northern Baltimore County as part of a long-term strategy to convert the more than 220,000 square feet of space into 80 independent living residences and amenities. The expansion of the senior living provider’s existing campus in Cockeysville, which is located less than three miles south of the new site, is pending approval by the Maryland Department of Aging. Tom Fidler, Executive Vice President and Principal of MacKenzie Commercial Real Estate Services, handled site selection activities and represented Broadmead in the sale negotiations.
“There continues to be a growing need for senior and independent living options as the ‘Silver Tsunami’ takes full effect and the baby boomer generation seeks housing and medical support for the next phase of their lives,” explained MacKenzie’s Fidler. “Broadmead has been searching for land or existing building assets that could fulfill their mission of providing best-in-class residential living and healthcare services, and MacKenzie identified the Ridgebrook Road campus, which is within close proximity to its current facility,” he added.
Lacey Johansson, Vice President of Leasing for St. John Properties, who helped judge the entries commented “this is impactful because it will transform a somewhat obsolete office campus into a much-needed state-of-the-art retirement community by overcoming zoning, ownership and market constraints that would have otherwise prevented new development.”
Commercial development of the year – new T. Rowe Price building at Harbor Point
A partnership between Beatty Development Group and Armada Hoffler delivered the latest high-rise building at Harbor Point, the rapidly growing mixed-use neighborhood featuring commercial space, residences, and hotels situated along Baltimore City’s iconic waterfront. Located directly on the water’s edge at 1307 Point Street, this new seven-story, 550,000 square foot build-to-suit Class A structure is fully leased by T. Rowe Price and serves as the company’s Global Headquarters. More than 2,000 T. Rowe Price associates took occupancy in the building last spring, which also includes nearly 20,000 square feet of complementary retail space.
Harbor Point is configured to support more than two million square feet of commercial office space, more than 250,000 square feet of retail space, approximately 3,000 residential units and more than 600 hotels rooms upon completion. MacKenzie Retail is the exclusive leasing broker for the retail component, with Senior Vice President and Principal Henry Deford, Vice President Tim Harrington, and Corey Caputo, Senior Real Estate Advisor handling the requirement.
“Harbor Point is already considered among the most prominent waterfront developments in the Mid-Atlantic region and the T. Rowe Price Global Headquarters adds to this status,” stated MacKenzie’s Deford. “There exists a strong foundation of restaurants and retailers led by west elm, honeygrow, Ceremony Coffee, and Resistance Cycle, and several other retailers serving the rapidly expanding captive audiences. Harbor Point, with its modern architectural designs, impressive corporate office users, and waterfront presence represents an unprecedented opportunity.”
“MacKenzie Retail’s brings together hyperlocal market knowledge, a placemaking mindset, and deep relationships with regional and national retailers,” MacKenzie’s Harrington said. “We will be curating a tenant mix here that complements the existing users and fills gaps to attract a wider audience. We are excited to place our stamp on Harbor Point and execute the next phase of retail while serving its stakeholders, and the community.”
MacKenzie Commercial Real Estate Services is the real estate brokerage arm of The MacKenzie Companies, which operates five full-service divisions addressing all real estate asset classes, including MacKenzie Management Company, MacKenzie Contracting Company, MacKenzie Capital, and MacKenzie Investment Group. The company provides customized real estate solutions for institutional owners, investors, private companies, and individuals. For additional information, visit www.mackenziecommercial.com
