Haystack Oncology Signs Lease for 20,000 sf of Space at City Garage

MacKenzie Commercial Real Estate Services brokers lease with biotechnology company Biotechnology company Haystack Oncology, Inc. has signed a lease with South Duvall for 20,000 square feet of space within the City Garage Science & Technology Center and plans to relocate its workforce to South Baltimore by Summer 2023. The 135,000 square foot building, located at…

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The MacKenzie Companies Mourns the Loss of Frederick “Skip” Hearn

With tremendous sadness, The MacKenzie Companies mourns the loss of Frederick “Skip” William Hearn who, following a brief illness, passed away on October 5 at the age of 87. Following a commercial real estate career spanning 67 years, Skip announced his intentions to retire from his position as Senior Vice President for MacKenzie Commercial Real…

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Following Sale of Baltimore County Building, Veteran Broker Explains Why 2023 May Present the Perfect Storm Scenario to Shed Office Assets

“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…

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Univest Bank & Trust Co. Selects 10801 Tony Drive in Lutherville as One of Two Entry Points into Greater Baltimore Marketplace

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…

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Industry Roundtable: Investment Sales

MacKenzie Capital’s President John Black was featured in the following article published in NAIOP Maryland’s newsletter –  September 14, 2022 The combination of a steadily rising interest rate environment, escalating asset pricing, typical summer doldrums and renewed investor caution has pumped the brakes on the volume of investment sales transacted in recent months across all asset…

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Despite Rising Interest Rate Environment, MacKenzie Capital Sees Strong Financing Activity for Balance of 2022

“After operating with historically-low rates for a prolonged period, we are reverting to a more normalized world, and investors need to be reminded that rates remain attractive,” explains John Black, President         Although the refinancing of real estate projects has likely passed its peak, MacKenzie Capital, LLC predicts robust financing activity for the balance of…

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Celebree School Plans Homecoming with Intended Corporate Headquarters Move to 25,000 sf Building in White Marsh

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…

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MacKenzie Brokers Sale of Four-Property, 883-Unit Self-Storage Portfolio

Collage of Self-Storage Properties

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…

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Vacancy Rates Trending Downward in Retail and Industrial; Office Sector Lagging

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…

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Wealth Management Firm WMS Partners Announces Expansion into new 19,538 sf Space in Towson

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…

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