Kenwood Announces Lottsford Business Center Achieves 100% Lease Capacity
Lottsford of Landlord LLC, an affiliate of Kenwood Management Company, announced that it has achieved 100% occupancy at Lottsford Business Park in Largo, MD.
Three leases were recently completed with KCI Technologies, a communications design and construction firm; LHC Group, a nationwide in-home healthcare services company; and, most recently, with Coachmen Properties, a residential real estate company.
KCI was represented internally by Scott Riddle, LHC by Callie Meinhardt from Swearingen Realty, and Coachmen by its owner Samuel Cooper. Lottsford of Landlord was represented by Ken Fellows, Rob Pugh, Keiry Martinez from KLNB, and Laura Murrer from Kenwood.
Laura Murrer from Kenwood commented, “We are pleased to welcome these new tenants to Lottsford Business Center. Despite the challenges Covid brought to some properties, Lottsford’s location near I-495 and Route 50, combined with its proximity to the County administrative buildings and Largo Medical Center, has enabled us to both renew and expand numerous tenants, as well as welcome new ones.”
Lottsford Business Park Serves Business Tenants Well
Lottsford Business Park is conveniently located near the Washington DC Beltway (1-495) and within walking distance of the Largo Metro Station and various County government offices. It’s also close to the recently completed University of Maryland Regional Medical Hospital.
Other tenants at Lottsford Business Park include Terminix, Prince George’s County Government, and Boland Trane. The 122,000-square-foot property includes a mix of warehouse, flex, and office spaces. Kenwood purchased the property in 2001.
Who Is Kenwood Management?
Kenwood Management Company, headquartered in Bethesda, MD, has been combining its internal equity with high-net-worth investors for over 25 years. With a portfolio of over 1.4M square feet of office, medical, flex, and warehouse multi-tenant properties, Kenwood is an owner-operator of commercial real estate in the Washington DC and Baltimore markets.
Their unique approach of enhancing the landlord-tenant relationship by working with tenants to help their businesses succeed has helped the management company produce higher occupancies and longer-term tenants.
While other real estate investors hunt trophy properties, Kenwood focuses on identifying value opportunities overlooked by the market. They are experts at finding Class-B and manufacturing properties that have a few correctable flaws, are lower risk, and have the potential to yield strong returns via a buy-and-hold strategy.
Kenwood Management is also unique in investing in and solely managing all its properties. They don’t manage properties for anyone else. By having the management company also own, sponsor, and invest in each property, they build an environment where everyone’s interests strongly align toward producing the highest returns possible for every investment. With Kenwood, investors can expect an approach that will meet their needs and make their efforts worthwhile.
For more information about Kenwood Management and the company’s approach to multi-tenant real estate, visit www.kenwoodmgt.com/about-us.