Medstar Extends and Expands Its Relationship With Kenwood in White Marsh
White Marsh, MD - December 9, 2021 - Kenwood Corporate Drive Investors, LLC, an affiliate of Kenwood Management Company, announced today that MedStar Health has expanded and extended its lease in Tyler Ridge at 8013 and 8019 Corporate Drive. MedStar now leases nearly 36,000 square feet at the project and has committed to remain there until early 2026.
Kenwood owns 120,566 square feet of single-story office space, situated in five different buildings in White Marsh. Some of the other tenants include Kaiser Permanente, NVR, and Fresenius. Kenwood purchased these buildings in 2016 and 2018 from Corporate Office Property Trust and Fernau-LeBlanc Properties. Currently available lease opportunities range from 3,814 to 6,227 square feet.
Laura Murrer, asset manager for Kenwood, said, “At a time when many organizations are putting plans on pause, we are excited that MedStar is expanding and renewing at Tyler Ridge. They have a strong presence in the White Marsh market, and it speaks to the strength of the Kenwood community that they have chosen to further invest in Tyler Ridge.”
Bill Singer, a principal at Kenwood Management, added, “The Corporate Drive buildings in White Marsh have incredible access to I-95 and I-695, and are within walking distance of Federal Realty’s THE AVENUE. We believe those are some of the reasons that MedStar continues to operate from these projects.”
Matt Mueller and Henson Ford from MacKenzie Commercial Real Estate represented Kenwood, and Kim Penny from Cushman & Wakefield represented MedStar Health.
Founded in 1996, Kenwood’s investment portfolio exceeds 1.4M square feet and consists of office, medical, flex and warehouse properties situated in the Washington, D.C., and Baltimore markets. To learn more, contact www.kenwoodmgt.com.