Kenwood Management Company Takes Vacant White Marsh Maryland Office Building To Fully Occupied
Kenwood Management Company recently completed a 10-year, 10,500 sf lease with Manns Woodward, a nationally recognized and award-winning architectural firm specializing in the design of public safety and community-driven facilities and campuses. Kenwood will perform a $550,000 renovation to the single-story White Marsh office building for Manns Woodward, with occupancy anticipated in January 2024.
With the completion of this lease, 8098 Sandpiper Circle is now 100% leased. When Kenwood acquired this 47,000 sf property, it was entirely vacant. It now boasts a robust group of businesses, including Restorative Therapies, Little Leaves Learning Center, Raven Title, Hi-Tech Business Systems, Cummings & Co. Realtors, and Open House Lending.
Laura Murrer, Senior Asset Manager for Kenwood, commented, “The White Marsh office market is very healthy and active. Its location at the intersection of I-695 and I-95, along with its extensive amenities and housing inventory, make it an ideal location for many businesses.”
Bill Singer, a Principal at Kenwood, added, ”Kenwood’s 166,000 sf portfolio in White Marsh is now 95% leased. We have experienced exceptional returns for our investors in this market and hope to add more to our portfolio.”
About Kenwood Management
Kenwood Management Company, headquartered in Bethesda, MD, has combined its internal equity with high-net-worth investors for over 25 years. With a portfolio of over 1.4M sf, including office, flex, medical, and warehouse spaces, their diversified multi-tenanted properties produce long-term steady returns for their investors.
The company is unique in investing in and solely managing all its properties. By having the management company also own, sponsor, and invest in each property, they build an environment where everyone’s interests 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.
Kenwood’s unique approach with tenants focuses on enhancing the landlord-tenant relationship by working with tenants to help their business succeed. This approach has helped Kenwood achieve higher occupancy and retain tenants long-term.
For more information about Kenwood Management and the company’s approach to commercial property management and multi-tenant real estate, visit www.kenwoodmgt.com/about-us.