Brokerage

“Confluence of higher interest rates, elevated tenant improvement costs and continuation of remote work model placing downward pressure on pricing,” says Owen Rouse of MacKenzie Commercial Real Estate Services Following the recent sale of 6340 Security Boulevard in the Woodlawn section of Baltimore County for $5 million, Owen Rouse, Vice President of MacKenzie Commercial Real…

MacKenzie Commercial Real Estate Services brokers 6,250 square foot lease at 12,000 square foot building       Univest Bank and Trust Co., which operates as the retail division for Univest Financial Corp. (NASDAQ:UVSP), has signed a lease with Valley Gateway, LLC for 6,250 square feet of space at 10801 Tony Drive in the Lutherville-Timonium section of…

MacKenzie Commercial Real Estate Services brokers lease at 8029 Corporate Drive  Celebree School, which presently operates 34 early childhood education and care centers throughout Maryland, Delaware, Virginia and Pennsylvania, has acquired 8029 Corporate Drive for $3 million. The group intends to relocate its corporate headquarters, and approximately 50 employees, to the single-story building, located in…

Strong multifamily market, increased use by retailers as low-cost inventory management facility, combined with life-cycle events, propel total amount of self-storage in United States to more than 1.6 billion square feet         MacKenzie Commercial Real Estate Services, has brokered the sale of a four-property, 883-unit self-storage portfolio in Cecil County, Maryland to Boundary Ventures, LLC…

Rising inflation, higher interest rates, lower consumer spending and limited business growth could lead to local and national economic recessionary period, possibly arriving as soon as this year A confluence of factors led by rising inflation, higher interest rates and lower consumer spending have raised the possibility of a local and national economic recession arriving…

MacKenzie Commercial Real Estate Services oversees real estate search and brokers transaction that will relocate approximately 80 employees to 10-story, 330,000 square foot office tower situated in downtown     Wealth management firm WMS Partners, LLC. has announced its intentions to relocate its corporate offices to One West Pennsylvania Avenue, a 10-story, 330,000 square foot office…

Home Décor and gifts business also operates several stores at the Queenstown Outlets     Farm Charm, a family-owned business offering home décor, seasonal items and gifts, founded by Amelia and Jeffrey Merryman, has opened its second location within a 4,700 square foot space at Waterside Village in Easton. The 200,000 square foot mixed-use project is…

New owners Chasen Companies intends to redevelop site, combined with adjoining parcel at 1400 Aliceanna Street, into 272-unit luxury apartment project with more than 70,000 square feet of retail amenity space  MacKenzie Commercial Real Estate Services, LLC has brokered the sale of 600 South Caroline Street, a 50,000 square foot warehouse building situated between the…

Availability of turn-key suites beginning at 500 square feet of space caters to new work models.      MacKenzie Commercial Real Estate Services, LLC, together with Harrington Commercial Real Estate Services, have been selected by The Maryland Port Administration to complete the leasing of 401 E. Pratt Street in downtown Baltimore City. The 31-story building,…

New owner Ruff Roofers looking to expand its presence in Halethorpe with purchase of 1407 Rome Road     MacKenzie Commercial Real Estate Services, LLC has brokered the sale of 1407 Rome Road, a single-story building containing just over 22,000 square feet of warehouse space, and located in the Halethorpe section of Baltimore County, for $2.3…