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Towson-based KLNB reports record income
For the sixth time in seven years, Towson commercial real estate broker KLNB LLC has posted annual leasing income of more than $1 billion, the company reported Monday.
Last year’s $1.2 billion figure was a 10 percent increase over 2010, KLNB executives said. The company leases commercial real estate from five offices that focus on the Maryland, Washington, D.C. and Northern Virginia markets.
The sales figures were the highest mark since the company was founded in 1968 and represented the lease or sale of more than 1,000 transactions covering nearly 9 million square feet of commercial office, industrial, warehouse and retail space.
“Our brokerage team has become increasingly creative with our sales and leasing tactics and this strategy has resulted in the highest transactional value in our nearly 45-year history,” said Andy Georgelakos, managing partner of KLNB. “We envision another strong year ahead as companies and retailers continue to recognize the importance of maintaining a real estate presence in the fourth largest market in the United States.”
KLNB has 77 full-time real estate brokers and is planning to hire four more by March, Georgelakos said.
The 2011 results represent an approximate 10 percent increase from the reported figures of 2010, when KLNB achieved a $1.03 billion leasing and sales transaction volume.
