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

October 5, 2022

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

September 14, 2022

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

August 30, 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

August 30, 2022

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

August 4, 2022
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

July 20, 2022

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

July 7, 2022

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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MacKenzie Management Company Secures Assignment for The Belvedere in Mt. Vernon

July 6, 2022

Delivered in 1903 as a full-service hotel and special events facility, asset pivoted to predominantly residential condominium unit configuration in 1991, supported by commercial office and retail space   MacKenzie Management Company, LLC has secured an assignment to provide full-service property management services for The Belvedere, the iconic 14-story multi-use building delivered in 1903 and situated…

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Farm Charm Opens New Location at Waterside Village in Easton

July 1, 2022
Waterside Village in Easton

Home Décor and gifts business also operates several stores at the Queenstown Outlets     Farm Charm, a family-owned business offering home décor, seasonal items and gifts, founded by Amelia and Jeffrey Merryman, has opened its second location within a 4,700 square foot space at Waterside Village in Easton. The 200,000 square foot mixed-use project is…

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MacKenzie Brokers Sale of Former Meyer Seed Co. Facility in Baltimore City for $10 Million

June 28, 2022

New owners Chasen Companies intends to redevelop site, combined with adjoining parcel at 1400 Aliceanna Street, into 272-unit luxury apartment project with more than 70,000 square feet of retail amenity space  MacKenzie Commercial Real Estate Services, LLC has brokered the sale of 600 South Caroline Street, a 50,000 square foot warehouse building situated between the…

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