Kenwood Management Signs Two Leases for 13,641 Square Feet at McLean Plaza
Kenwood Management Company, an affiliate of Kenwood McLean Plaza, announces that it has executed two leases totaling 13,641 square feet with a total lease value of $4 million.
Orbis Corporation, a software engineering and cyber security company, executed a 7-year lease for 11,448 square feet. They will be relocating from 6849 Old Dominion Drive, a nearby McLean property.
For both leases, Kenwood McLean Plaza was represented by Cole Spalding and Lawrence Fitzgerald from Newmark Knight Frank, and Bill Singer from Kenwood Management. John Schlegel represented Orbis from Transwestern Commercial Services.
Additionally, Sun Design Remodeling, a residential design-build firm, signed a 6-year lease and expanded from 1,669 square feet to 2,193 square feet. Nate Krill of JLL represented Sun.
Orbis and Sun join other McLean Plaza tenants, Medstar, VA Hospital Center, and Contrack Corporation.
McLean Plaza Is an Ideal Location for Businesses
Kenwood acquired McLean Plaza in November 2021 at 80% occupancy and has since added seven new tenants to bring the occupancy to 97% leased.
Bill Singer, Principal of Kenwood Management, said, “Since acquiring McLean Plaza, it has experienced a steady interest from office and medical tenants, despite the news that tenants are not returning to work. We are extremely happy to add Orbis Corporation and to expand Sun Design at McLean Plaza.”
Located near I-66, I-495, and Route 123, McLean Plaza is within walking distance of hundreds of shops and restaurants, making it an attractive location for businesses in the area.
Who Is Kenwood Management?
Kenwood Management is a 25-year-old commercial real estate owner-manager with an office, medical, flex, and warehouse portfolio totaling over 1.4 million square feet. Primarily focused on the Washington Dc and Baltimore markets, Kenwood portfolio occupancy at year-end 2022 was 91.5%.
Founded in early 1997 by Hank Bowis and Phil Ackley, Kenwood was created to attract private equity from long-term investors and provide superior property management services to business owners throughout the Baltimore and Washington, D.C. metropolitan area.
The company’s unique approach to multi-tenant real estate includes the following:
- Managing only the properties they own
- Investing for the long term
- Personal investment in every property by the company’s principals
- Prioritizing tenant renewals
- Loyalty, honesty, integrity, respect, and fairness always
Kenwood Management believes in providing commercial spaces and building a community that helps businesses succeed. Upon the execution of these two new leases, Holly Harmon, Property Manager for Kenwood Management, mentioned, “We are so excited to welcome Nordic Knot and Salon de Muse to Reston Herndon Business Park.”
For more information about Kenwood and the company’s approach to multi-tenant real estate, visit www.kenwoodmgt.com/about-us.