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Real Estate

Merritt Properties acquires Crescent Business Center for $41.3M

Baltimore-based Merritt Properties Tuesday expanded its reach into the Richmond, Virginia area with the purchase of the Crescent Business Center for $41.3 million. The cemter in in Ashland, Virginia includes five existing Class A industrial buildings situated on close to 20 ...

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Westfield Promenade gets 5 new tenants, including 3 restaurants

Five new tenants, including three restaurants, have signed leases at Westview Promenade, a 200,000-square-foot outdoor lifestyle center in Frederick County, it was announced Wednesday. Located at the intersection of Maryland Route 85 (Buckeystown Pike) and Crestwood Boulevard in Frederick County ...

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Baltimore Medical System awarded $500K grant to expand substance use disorder program

Baltimore Medical System (BMS), the largest Federally Qualified Health Center (FQHC) system in Maryland, has been awarded a $500,000 grant from the Maryland Community Resources Commission to help expand its substance use disorder (SUD) program. BMS will implement the expansion ...

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MacKenzie wins bid to broker sale of 16,000 SF Catonsville property

MacKenzie Commercial Real Estate Services, LLC has won a contract to function as the exclusive sales brokerage firm for 818-820 Frederick Road, a three-story, 16,000 square foot building located in the Catonsville section of Baltimore County. Delivered in 2020, the ...

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Industrial space leasing remains steady in Baltimore area, report shows

More than 2.7 million square feet of industrial/warehouse space was leased in the greater Baltimore metropolitan region, nearly replicating the nearly 2.6 million square feet of space leased in the first quarter 2022, according to a report released by Lee ...

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Shimadzu Scientific Instruments buys Rivers Corporate Park building for $10.6M

Hyatt Commercial Friday announced the sale of Rivers Corporate LLC’s professional office building in Rivers Corporate Park to biotechnology research company, Shimadzu Scientific Instruments for $10.7 million. In March 2020, Rivers Corporate LLC, an affiliate of The Reliable Group, purchased ...

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