Posts Tagged ‘Press Release’
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…
Read MoreMacKenzie Contracting Company Wins Tenant Build-Out Contract for New Haystack Oncology R&D Laboratory at City Garage
New South Baltimore space to house specialized clinical oncology diagnostic testing labs, including sophisticated mechanical and electrical systems. MacKenzie Contracting Company has won a contract to oversee the comprehensive tenant build-out for Haystack Oncology’s new U.S. base and laboratory R&D center, contained within a 20,000 square foot space at the City Garage Science…
Read MoreDNL 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;…
Read MoreMacKenzie 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…
Read MoreResidential 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…
Read MoreStubborn 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…
Read MoreMacKenzie Brokers Sale of 8,500 sf Retail/Medical Office Building
Sam’s New and Used Tires acquires 10701 Baltimore Avenue, located in Beltsville, Maryland. Sam’s New and Used Tires, a locally-owned company based in Prince George’s County, has acquired 10701 Baltimore Avenue, a single-story, 8,500 square foot retail/medical office building situated in Beltsville, Maryland for $2.075 million. Adam Nachlas, SIOR, Senior Vice President Chris Bennett, Executive…
Read MoreMacKenzie Contracting Company Successfully Navigating Challenging Environment
Full-service general contracting company, currently celebrating 35-year anniversary, reports the most robust construction management backlog in the history of the company A perfect storm has enveloped the general contracting industry over the past two years – both nationally and locally – driven by escalating construction materials and labor costs, a rising interest rate environment and a…
Read MoreMacKenzie Brokers Sale of Two Industrial/Warehouse Buildings in Baltimore, $6 Million
2300 Eskow Avenue in Halethorpe sells for $3.1 million 629 S. Philadelphia Boulevard in Aberdeen trades for $2.8 million MacKenzie Commercial Real Estate Services has executed the sale of two industrial/warehouse buildings located in the greater Baltimore metropolitan area – to two separate entities – for nearly $6 million. Andrew Meeder and Daniel…
Read MorePercentage of Women Construction Workers Rises to an All-Time High
Locally, 30 percent of all MacKenzie Contracting Company employees are women A recent article in The Washington Post revealed that 14 percent of all construction workers in the U.S. are now women, representing an all-time high, a figure that has consistently risen since 2016, with data compiled by the United States Bureau of Labor Statistics.…
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