Insights

MCRES Promotes Karlee Pigg to Senior Marketing Specialist And Gordon Griffin to Creative Lead

March 6, 2026

Griffin joined full-service commercial real estate brokerage firm in 2013 and Pigg has been a member of the marketing group since 2023 MacKenzie Commercial Real Estate Services, the commercial real estate brokerage division of The MacKenzie Companies, has announced the promotions of Karlee Pigg to Senior Marketing Specialist and Gordon Griffin to Creative Lead. Both…

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MCRES Chosen to Market 2363 Commonwealth Drive in Charlottesville For Sale

February 25, 2026

More than 5,000 square foot flex building has in-place tenant until mid-2030 MacKenzie Commercial Real Estate Services, a full-service commercial real estate brokerage firm which operates a regional office in Charlottesville, Virginia, has been chosen as the exclusive sales broker for 2363 Commonwealth Drive, a more than 5,000 square foot building in Charlottesville. Sam Orr,…

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Key Takeaways from MacKenzie Companies-Sponsored “State of the Market” Event

February 24, 2026

Following a sluggish beginning, 2025 emerged as an extremely robust year in the greater Baltimore-area commercial real estate industry, and activity has remained equally as vibrant as the calendar turned to 2026. At the recent MacKenzie Companies-sponsored “State of the Market” event, held at the The Elkridge Club, more than 70 financial, development, legal, appraisal…

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MCRES Wins Contract to Sell The Christian Temple of Norfolk in Norfolk, Virginia

February 11, 2026

Closed in 2006, one-of-a-kind architectural characteristics of gothic revival church positions asset as prime adaptive reuse candidate       MacKenzie Commercial Real Estate Services, a full-service commercial real estate brokerage firm which operates a regional office in Charlottesville, Virginia, has been chosen as the exclusive sales broker for The Christian Temple of Norfolk in Norfolk, Virginia.…

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Annapolis-Based Bay Area Community Church Expanding Into Eastern Shore of Maryland with 8,264 SF Lease in Stevensville

January 30, 2026

MacKenzie Commercial Real Estate Services handles negotiations with landlord KRM Development on behalf of the tenant Bay Area Community Church is expanding to the Eastern Shore of Maryland with the expected opening of its second location at 155 Sallitt Drive in Stevensville, Maryland on Kent Island on Easter Sunday, April 5. The Annapolis-based church signed…

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MCRES Achieves Record-Breaking Year with Nearly 950 Lease and Sales Transactions Completed in 2025

January 27, 2026

Total square footage volume increased by 23 percent, number of transactions improved by 12 percent, and out-of-state activity rose by 50 percent MacKenzie Commercial Real Estate Services, LLC achieved a record-breaking year in 2025 with the completion of 943 lease and sales transactions, representing an increase of 12 percent over 2024, and a 23 percent…

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MCRES Brokers Sale of Five-Building, 185,000 SF Normandy Shopping Center for $57.5 Million

January 14, 2026

Owen Rouse and Tom Green represents the seller and procures the buyer for property anchored by Planet Fitness and Triveni international market in Ellicott City section of Howard County, Maryland Normandy National Pike, LLC has acquired Normandy Shopping Center, a five-building asset composed of 185,000 square feet of commercial office and retail space from Normandy…

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MacKenzie Retail Brokers Sale of Pine Grove Village Center in Anne Arundel County for $6.65 Million

January 5, 2026

Vertically-integrated The MacKenzie Companies oversaw leasing and asset management on behalf of the former ownership group, and procured financing for the buyer A partnership led by Delmarva based development firm Gillis Gilkerson completed the acquisition of Pine Grove Village Shopping Center, a nearly 85,000 square foot retail center located in the Pasadena section of Anne…

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Below-Market Occupancy Costs and Business-Friendly Environment Propels Carroll County Region to Less Than One Percent Vacancy Level

November 24, 2025

Light manufacturing and warehouse/logistics users increasingly attracted to areas including Eldersburg, Hampstead, Finksburg, Sykesville, and Westminster Businesses such as PickleRage have signed significant leases in Carroll County this year, fueling the decline of an already historically-low vacancy rate to less than one per cent in the warehouse/industrial asset class. This compares favorably to the nearly…

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Baltimore-DC Area Commercial Real Estate Market Continues to Face Headwinds Influenced by Weak Job Market and Economic Uncertainties, According to MacKenzie’s Q3 Market Outlook

November 19, 2025

Despite on-going challenges, nearly 10 million square feet of industrial/warehouse, more than three million square feet of commercial office, and two million square feet of retail space leased year-to-date locally Despite ongoing economic challenges and uncertainties occurring nationally – led by continued weakness in the labor market and stubborn inflation trends – the commercial real…

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