Insights
MacKenzie Capital Secures Cash Out Non-Recourse Financing in Frederick, MD
John Black, Will Goetschius, and Brendan Harman of MacKenzie Capital, LLC, are pleased to announce they have secured $6.6 million in non-recourse financing to recapitalize an office building in Frederick, Maryland. The transaction refinanced existing debt and secured significant cash out proceeds to the sponsorship. The lender and the sponsorship were able to negotiate minimal…
Read MoreDowntown Landmark Increases Occupancy More Than 20%
In a Class B Central Business District market in downtown Baltimore where a decade of “flight-to-quality” of tenants has left large blocks of vacancy, nearly 65,000 square feet has been occupied over the past year by new tenants at One North Charles Street. This leasing streak represents more than a 20% increase in occupancy, which…
Read MoreMacKenzie Management Welcomes Melanie Brent Carrera
The MacKenzie Companies are pleased to announce that Melanie Brent Carrera has joined their firm and will be working as a Business Development Associate for MacKenzie Management Company, LLC, the firm’s full-service property management division. Melanie brings over 25 years’ experience in commercial real estate to the team in a wide variety of roles including…
Read MoreMacKenzie Brokers Delaware Acquisition
MacKenzie Commercial Real Estate Services, LLC builds upon its Mid-Atlantic presence with the recent representation of the acquisition of 2160 New Castle Avenue, located in New Castle, Delaware. The 35,500 square foot flagship commercial property situated on 5.74 acres was owned by Rommel Harley-Davidson, an operator of multiple Harley-Davidson dealerships throughout the Mid-Atlantic region. The…
Read MoreMacKenzie Contracting Receives NAIOP Maryland Award of Excellence
MacKenzie Contracting Company was recently recognized at NAIOP Maryland’s Bi-Annual Awards of Excellence Gala, receiving the award for Best Interior Rehab for work completed at Baltimore engineering firm RK&K’s new headquarter location in Baltimore City. The project consisted of a complete renovation and buildout of 116,000 total square feet between two floors located at 200…
Read MoreMacKenzie Expands Corridor Presence with Three New Hires
MacKenzie Commercial Real Estate Services, LLC is pleased to welcome Yolande Pretorius, Garry Bains and Michael Lang to the MacKenzie family. MacKenzie continues to expand their market—particularly into the metropolitan D.C. area—and the addition of Yolande, Garry and Michael will be welcomed as they help to build tenant and landlord relations, work to generate leasing…
Read MoreMacKenzie Capital Secures Financing for Two Weis Markets-Anchored Shopping Centers in PA
MacKenzie Capital (“MacCap”) is pleased to announce that it has placed a combined $14.38MM in senior and revolving line-of-credit financing on a portfolio of Weis Markets-anchored shopping centers in Pennsylvania’s Lehigh Valley. The sponsor is a family-owned company that has been in business for over 40 years in Eastern-Central Pennsylvania. Through a highly-competitive process, MacCap…
Read MoreRoses Discount Department Store to Open at Parkside Shopping Center in Northeast Baltimore
MacKenzie Commercial Real Estate Services, LLC is proud to have represented The Cosmo Company in the addition of Roses, a discount department store, to Parkside Shopping Center at 5100-A Sinclair Lane in Baltimore, MD. Moving into an approximately 45,000 square foot space formerly occupied by K-Mart, Roses will serve as the second anchor to the shopping…
Read MoreIconic Annapolis Marina, Office, and Restaurant Under New Ownership
MacKenzie Commercial Real Estate Services, LLC is proud to announce the sale of Annapolis’ Third Street Marina, located in the historic Eastport, at 310 – 312 Third Street, Annapolis, Maryland 21403. The property consists of an expandable, 10-slip marina with travel lift, a 3,512-square-foot, two-story waterfront office building, and the 4,160-square foot O’Learys Seafood, one of Annapolis’ finest…
Read MoreClark MacKenzie, Gary Gill and Bob Aumiller of the MacKenzie Companies Names Co-Recipients of NAIOP Maryland Lifetime Achievement Award
Clark MacKenzie, Gary Gill and Bob Aumiller of The MacKenzie Companies have been named co-recipients of the 2018 NAIOP Maryland “Lifetime Achievement Award” and will be honored at the commercial real estate organization’s bi-annual Awards of Excellence Gala this spring. NAIOP Maryland is comprised of more than 400 professionals working for real estate development companies,…
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