Brokerage
Below-Market Occupancy Costs and Business-Friendly Environment Propels Carroll County Region to Less Than One Percent Vacancy Level
Light manufacturing and warehouse/logistics users increasingly attracted to areas including Eldersburg, Hampstead, Finksburg, Sykesville, and Westminster Businesses such as PickleRage have signed significant leases in Carroll County this year, fueling the decline of an already historically-low vacancy rate to less than one per cent in the warehouse/industrial asset class. This compares favorably to the nearly…
Read MoreBaltimore-DC Area Commercial Real Estate Market Continues to Face Headwinds Influenced by Weak Job Market and Economic Uncertainties, According to MacKenzie’s Q3 Market Outlook
Despite on-going challenges, nearly 10 million square feet of industrial/warehouse, more than three million square feet of commercial office, and two million square feet of retail space leased year-to-date locally Despite ongoing economic challenges and uncertainties occurring nationally – led by continued weakness in the labor market and stubborn inflation trends – the commercial real…
Read MoreMCRES Brokers Sale of 25 Thomas Avenue in Baltimore City for $3.7 Million
Property contains 21,000 square foot warehouse and 2.5-acre Industrial Outdoor Storage component MacKenzie Commercial Real Estate Services has brokered the sale of 25 Thomas Avenue, an asset in Baltimore City comprising approximately 21,000 square feet of warehouse and related space for $3.7 million to an unnamed buyer. The property, which also includes a 2.5-acre Industrial…
Read MoreMCRES Procures Buyer in $4.5 Million Sale of 1340 Chesapeake Avenue in Curtis Bay Section of Baltimore City
Logistics, transportation, and building clean-up company Mid Atlantic Express acquires asset Mid Atlantic Express, LCC, a logistics, transportation and building clean-up company, has acquired 1340 Chesapeake Avenue, a single-story 25,400 square foot warehouse situated in the Curtis Bay section of Baltimore City for $4.5 million. MacKenzie Commercial Real Estate Services Senior Vice Presidents and Principals…
Read MoreMCRES Brokers Sale of 629 S. Philadelphia Boulevard in Harford County, MD for $6.4 Million
Heavy construction equipment distributor McClung-Logan acquires 17,000 square foot asset McClung-Logan Equipment, Inc., a distributor of heavy construction equipment in the Mid-Atlantic region, has acquired 629 S. Philadelphia Boulevard, an industrial property in Harford County, Maryland comprising 17,000 square feet of warehouse space and situated on three acres for $6.4 million. The asset, which fronts…
Read MorePhysical Therapy Practice Acquires 11,000 Square Foot Free-Standing Building in Baltimore City Formerly Leased by Rite Aid
Jim Grieves of MacKenzie Commercial Real Estate Services represents the new owner, Eagle Physical Therapy & Rehabilitation, in the $1.85 million sale Eagle Physical Therapy & Rehabilitation has acquired 250 W. Chase Street, a free-standing building in the Mount Vernon section of Baltimore City containing 11,113 square feet of space from West Chase 250,…
Read MoreFirestone’s Culinary Tavern and Sidecare Bar Sold to New Ownership Group Which Plans Opening of Fire & Oak in November
MacKenzie Retail brokers sale of building and restaurant assets for $2.6 million The buildings housing Firestone’s Culinary Tavern and Sidecar Bar, which served admiring customers in downtown Frederick from 1999 until its closing in 2024, are about to begin the next chapter in its hospitality lives. Nine months after being placed for sale by the…
Read MoreMid-Atlantic Nephrology Associates Chooses 8501 Lasalle Road as Site for Eighth Medical Facility in Greater Baltimore Region
Henson Ford of MacKenzie Commercial Real Estate Services brokers 4,577 square foot lease Mid-Atlantic Nephrology Associates has signed a lease with RFP Realty for 4,577 square feet of space within 8501 LaSalle Road in the Maryland Executive Park in Towson, Maryland. This represents the relocation of the physician-owned medical practice group’s Towson office, which operates…
Read MoreTwo-Story Flex/Office Building Overlooking Severn River in Anne Arundel County, MD Sells for $1.525 Million
Trish Farrell of MacKenzie Commercial Real Estate Services broker transaction Cybersecurity and data analytics company Blackwood has acquired 122 Severn Avenue, a 5,344 square foot flex/office building overlooking the Severn River in Anne Arundel County, Maryland for $1.525 million. MacKenzie Commercial Real Estate Services, LLC Senior Vice President and Principal Trish Farrell represented the seller,…
Read MoreEthan Consulting Group Acquires Nearly 32-Acre Parcel in Dorchester County for Cannabis Growing Operation
Trish Farrell of MacKenzie Commercial Real Estate Services brokers $2.1 million sale of second generation cannabis/hemp facility located at 201 Enterprise Drive in Hurlock, Maryland Ethan Consulting Group has acquired a second-generation cannabis/hemp facility, located on a nearly 32-acre parcel in Dorchester County, Maryland, from KRA Wellness Group, LLC, for $2.1 million. The site is…
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