Posts Tagged ‘Press Releases’
MacKenzie Brokers Sale of 3.6 Acre Site in Curtis Bay for $1.85 Million
New owner, CSX Transportation, intends to demolish buildings MacKenzie Commercial Real Estate Services, LLC has brokered the sale of a 3.6 acre parcel, located at 1920 Benhill Avenue in the Curtis Bay section of Baltimore City for $1.85 million. The site, which includes two buildings totaling approximately 23,000 square feet of space, was formerly owned…
Read MoreFollowing Acquisition of Belvedere Square, The Premier Companies Retains MacKenzie as Exclusive Leasing Broker
Venue located at intersection of E. Belvedere Avenue and York Road in Baltimore City offers complementary mix of restaurants, boutique shopping, professional services, fitness and healthcare uses Following its recent acquisition of Belvedere Square, The Premier Companies has retained MacKenzie Commercial Real Estate Services, LLC as the exclusive retail leasing broker for the venue…
Read MoreMacKenzie Selected as Exclusive Broker for Retail Portion of New Multifamily Redevelopment in Baltimore City
Earlier this year, Vivo Investment Group acquired the Radisson Hotel Baltimore Downtown-Inner Harbor and Holiday Inn Baltimore Inner Harbor, and revealed plans to convert properties to more than 700 apartments MacKenzie Commercial Real Estate Services, LLC has been selected by Vivo Investment Group as the exclusive leasing broker for the retail portion of a new…
Read MoreMacKenzie Brokers Sale of 10900 Pump House Road in Howard County
19,000 square foot flex/industrial building acquired by Solara Flooring Group Solara Flooring Group, a woman-owned and Maryland-based company which provides commercial flooring products and installations, has acquired 10900 Pump House Road, a 19,000 square foot industrial/flex building located in the Annapolis Junction area of Howard County, Maryland for $3.6 million. Matthew Curran, SIOR, Vice…
Read MoreHaystack 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…
Read MoreThe 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…
Read MoreFollowing 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…
Read MoreUnivest 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…
Read MoreIndustry 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…
Read MoreDespite 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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