North American Trade Schools Chooses Northwestern Plaza in Baltimore City for Relocated Training Facility

MacKenzie Commercial Real Estate Services brokers 55,000 square foot lease at 230,000 square foot shopping center owned and managed by Klein Enterprises, and located at Wabash Avenue and Northern Parkway         North American Trade Schools (NATS) has selected Northwest Plaza in Baltimore City for the site of its relocated facility which offers classroom education and…

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MacKenzie Brokers Two Leases Totaling Nearly 30,000 sf in Hunt Valley, MD

4 North Park Drive

Insurance advisory firm RCM&D signs 24,904 square foot lease and plans to relocate from Towson and financial planning group Jacob William Advisory signs 4,402 square foot lease.  Insurance advisory firm RCM&D has signed a lease with North Park Ventures, LLC for 24,904 square feet of space and plans to relocate its Baltimore County headquarters from…

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MacKenzie Wins Listing for Sale of “Headquarters-Quality” Office Building in Bowie, MD

Five-story building at 4201 Mitchellville Road contains nearly 50,000 square feet of office space.         MacKenzie Commercial Real Estate Services, LLC has been awarded the exclusive sales listing for 4201 Mitchellville Road, a five-story building in Bowie, Maryland containing nearly 50,000 square feet of commercial office space. Formerly serving as the corporate headquarters…

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MacKenzie Brokers Sale of 11.5 Acre Site in Montgomery, County

24620 Frederick Road Land

Site on 24620 Frederick Road in Clarksburg, which contains small industrial building, will be utilized by new owner for equipment storage and office space.         MacKenzie Commercial Real Estate Services, LLC has brokered the sale of an 11.5-acre site in the Clarksburg section of Montgomery County, Maryland for $5.3 million. Adam Nachlas, SIOR,…

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MacKenzie Brokers Three Retail Leases to Elevate Quarterfield Station in Glen Burnie to 100% Occupancy

Pain Management Solutions, Clearway Surgery Center, and Starbucks Coffee sign leases totaling more than 10,000 square feet of space at 23,180 square foot neighborhood shopping center.       MacKenzie Commercial Real Estate Services, LLC has brokered three retail leases, cumulatively totaling more than 10,000 square feet of space, at Quarterfield Station, a 23,180 square foot…

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MacKenzie Brokers Sale of Two Industrial Properties in the BWI Area

145 8th Avenue, NW in Glen Burnie sells for $1.6 million and 7121 Kit Kat Road in Elkridge trades for $1.3 million, with both assets featuring in-demand outdoor storage areas.   MacKenzie Commercial Real Estate Services has executed the sale of two industrial properties located in the central Maryland area, in separate transactions, for nearly $3…

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DNL 1825 Edison, LLC Acquires Edison Industrial Center in Northeast Baltimore City

MacKenzie Commercial Real Estate Services brokers sale on behalf of Edison Commercial, LLC. DNL 1825 Edison, LLC has acquired Edison Industrial Center, a multi-use project containing more than 16,000 square feet of warehouse, showroom and commercial office space in Northeast Baltimore City for $1.275 million. Located at 1825-1829 Edison Highway, Patrick Smith, SIOR, Vice President;…

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MacKenzie Brokers Sale of Full-Leased Commercial Office Building in Ellicott City

“Despite the negative headlines about interest rates and the purported toxicity of this asset class, many opportunities persist for both sellers and investors of suburban-located office product,” says Owen Rouse,          Kenwood Management Company has acquired 9011 Chevrolet Drive, a single-story, 19,259 square foot commercial office building located in the Ellicott City…

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Residential Sales and Retail Leasing Activity Remains Brisk at 108-Acre James Run in Harford County

Development group recently concludes land sale with Park Avenue Lifestyle for new $70 million independent living and assisted living project featuring 160 apartments, with completion set for 2025.    Sales and leasing activity remains ahead of schedule across all asset classes at James Run, a new 108-acre mixed-use development currently under development in Harford County, Maryland…

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Stubborn Inflation, Banking Crisis, and Uncertain Interest Rate Environment Causing Strain on Real Estate Leasing and Sales Activity Locally

On a positive note, non-residential construction surged 17 percent between May 2022 and February 2023 and currently sits at the highest level on record.  The combination of rising interest rates and the uncertainty of future occupancy needs of companies has negatively impacted leasing activity throughout the greater Baltimore Metropolitan region in Q1 2023, resulting in the…

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