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MCRES Promotes Nick Maggio, Patrick J. Smith and Graham Sevy to Senior Real Estate Advisor
MCRES Promotes Nick Maggio, Patrick J. Smith and Graham Sevy to Senior Real Estate Advisor
MacKenzie Commercial Real Estate Services, the commercial real estate brokerage division of The MacKenzie Companies, has announced the promotion of Nick Maggio, Graham Sevy, and Patrick J. Smith to Senior Real Estate Advisor.
MCRES Promotes Karlee Pigg to Senior Marketing Specialist And Gordon Griffin to Creative Lead
MCRES Promotes Karlee Pigg to Senior Marketing Specialist And Gordon Griffin to Creative Lead
MacKenzie Commercial Real Estate Services, the commercial real estate brokerage division of The MacKenzie Companies, has announced the promotions of Karlee Pigg to Senior Marketing Specialist and Gordon Griffin to Creative Lead. Both professionals work within MacKenzie’s in-house marketing division with Griffin joining the group in 2013, and Pigg a member of the team since 2023.
Key Takeaways from MacKenzie Companies-Sponsored “State of the Market” Event
Key Takeaways from MacKenzie Companies-Sponsored “State of the Market” Event
Following a sluggish beginning, 2025 emerged as an extremely robust year in the greater Baltimore-area commercial real estate industry, and activity has remained equally as vibrant as the calendar turned to 2026. At the recent MacKenzie Companies-sponsored “State of the Market” event, held at the The Elkridge Club, more than 70 financial, development, legal, appraisal and assorted real estate professionals listened to current trends in the asset management, brokerage, capital markets, construction, and industrial, commercial office, and retail sectors. The discussion was led by Brendan Gill, President & COO, MacKenzie Ventures and Owen Rouse, Senior Vice President, Investment Sales, MacKenzie Commercial Real Estate Services.
Empty storefronts present opportunities and headaches - NAIOP Maryland Chapter
Empty storefronts present opportunities and headaches - NAIOP Maryland Chapter
MCRES Wins Contract to Sell The Christian Temple of Norfolk in Norfolk, Virginia
MCRES Wins Contract to Sell The Christian Temple of Norfolk in Norfolk, Virginia
MacKenzie Commercial Real Estate Services, a full-service commercial real estate brokerage firm which operates a regional office in Charlottesville, Virginia, has been chosen as the exclusive sales broker for The Christian Temple of Norfolk in Norfolk, Virginia. Sam Orr, Executive Vice President, and Brian Thomas, Real Estate Advisor are handling the assignment on behalf of the current owner, Deccan Investment Properties, for the asset located at 303 W. 34th Street.
Annapolis-Based Bay Area Community Church Expanding Into Eastern Shore of Maryland with 8,264 SF Lease in Stevensville
Annapolis-Based Bay Area Community Church Expanding Into Eastern Shore of Maryland with 8,264 SF Lease in Stevensville
Bay Area Community Church is expanding to the Eastern Shore of Maryland with the expected opening of its second location at 155 Sallitt Drive in Stevensville, Maryland on Kent Island on Easter Sunday, April 5. The Annapolis-based church signed a lease with KRM Development for 8,264 square feet of space with Christopher Bennett, Executive Vice President and Principal and Morgan Wimbrow, Vice President of MacKenzie Commercial Real Estate Services representing the tenant in the lease transaction.
MCRES Achieves Record-Breaking Year with Nearly 950 Lease and Sales Transactions Completed in 2025
MCRES Achieves Record-Breaking Year with Nearly 950 Lease and Sales Transactions Completed in 2025
MacKenzie Commercial Real Estate Services, LLC achieved a record-breaking year in 2025 with the completion of 943 lease and sales transactions, representing an increase of 12 percent over 2024, and a 23 percent improvement in total square footage volume. The commercial real estate brokerage arm of The MacKenzie Companies completed transactions in 25 states across the country - a rise from 21 states the year before - and improved the number of out-of-state transactions by a 50 percent ratio.
Q4 2025 Market Report
Q4 2025 Market Report
MacKenzie's research team's reports on the state of the commercial real estate market within the boundaries of the Baltimore Metropolitan Statistical Area.
MCRES Brokers Sale of Five-Building, 185,000 SF Normandy Shopping Center for $57.5 Million
MCRES Brokers Sale of Five-Building, 185,000 SF Normandy Shopping Center for $57.5 Million
Normandy National Pike, LLC has acquired Normandy Shopping Center, a five-building asset composed of 185,000 square feet of commercial office and retail space from Normandy Venture, LP for $57.5 million. Owen Rouse, Vice President and associate Tom Green of MacKenzie Commercial Real Estate Services, LLC represented the seller and procured the buyer for the property consisting of three separate parcels and contained within a nearly 25-acre site at 8450 Baltimore National Pike, in the Ellicott City section of Howard County, Maryland. Normandy National Pike, LLC is a partnership owned by Ellicott City residents Gurmit, Ish, and Maninder Singh.
MacKenzie Retail Brokers Sale of Pine Grove Village Center in Anne Arundel County for $6.65 Million
MacKenzie Retail Brokers Sale of Pine Grove Village Center in Anne Arundel County for $6.65 Million
A partnership led by Delmarva based development firm Gillis Gilkerson completed the acquisition of Pine Grove Village Shopping Center, a nearly 85,000 square foot retail center located in the Pasadena section of Anne Arundel County, Maryland for $6.65 million. MacKenzie Retail, a division within the brokerage arm of The MacKenzie Companies, represented the seller, the estate of Lisa Bertani, with Senior Vice President and Principal Michael Ruocco and Vice President Tim Harrington handling the assignment. MacKenzie Management Company performed asset management services for the previous owner and MacKenzie Capital arranged project financing for the buyer in this transaction.
Below-Market Occupancy Costs and Business-Friendly Environment Propels Carroll County Region to Less Than One Percent Vacancy Level
Below-Market Occupancy Costs and Business-Friendly Environment Propels Carroll County Region to Less Than One Percent Vacancy Level
Businesses such as PickleRage have signed significant leases in Carroll County this year, fueling the decline of an already historically-low vacancy rate to less than one per cent in the warehouse/industrial asset class. This compares favorably to the nearly 8 percent vacancy rate for this sector throughout the Maryland region. According to MacKenzie Commercial Real Estate Services, a brokerage firm which represents owners, investors, and tenants in the Carroll County area, robust activity can be attributed to the significantly lower occupancy and operational costs, the availability of labor to fill positions, a business-friendly environment, and other factors.
Baltimore-DC Area Commercial Real Estate Market Continues to Face Headwinds Influenced by Weak Job Market and Economic Uncertainties, According to MacKenzie’s Q3 Market Outlook
Baltimore-DC Area Commercial Real Estate Market Continues to Face Headwinds Influenced by Weak Job Market and Economic Uncertainties, According to MacKenzie’s Q3 Market Outlook
MCRES Brokers Sale of 25 Thomas Avenue in Baltimore City for $3.7 Million
MCRES Brokers Sale of 25 Thomas Avenue in Baltimore City for $3.7 Million
Weighing prospects in 2026 - NAIOP Maryland Chapter
Weighing prospects in 2026 - NAIOP Maryland Chapter
MCRES Procures Buyer in $4.5 Million Sale of 1340 Chesapeake Avenue in Curtis Bay Section of Baltimore City
MCRES Procures Buyer in $4.5 Million Sale of 1340 Chesapeake Avenue in Curtis Bay Section of Baltimore City
Patrick Smith - Baltimore Business Journal
Patrick Smith - Baltimore Business Journal
When interest rates dropped in 2020, Smith said he focused his energy on assisting Maryland businesses, individuals and families in buying or selling properties.
Firestone’s Culinary Tavern and Sidecare Bar Sold to New Ownership Group Which Plans Opening of Fire & Oak in November | MacKenzie Commercial Real Estate
Firestone’s Culinary Tavern and Sidecare Bar Sold to New Ownership Group Which Plans Opening of Fire & Oak in November | MacKenzie Commercial Real Estate
MacKenzie Contracting Completes Repositioning of 6608 Fort Smallwood Road to Accommodate National Trench Safety Use
MacKenzie Contracting Completes Repositioning of 6608 Fort Smallwood Road to Accommodate National Trench Safety Use
Mid-Atlantic Nephrology Associates Chooses 8501 Lasalle Road as Site for Eighth Medical Facility in Greater Baltimore Region
Mid-Atlantic Nephrology Associates Chooses 8501 Lasalle Road as Site for Eighth Medical Facility in Greater Baltimore Region
Mid-Atlantic Nephrology Associates has signed a lease with RFP Realty for 4,577 square feet of space within 8501 LaSalle Road in the Maryland Executive Park in Towson, Maryland. This represents the relocation of the physician-owned medical practice group’s Towson office, which operates eight facilities throughout the greater Baltimore metropolitan region. Joe Bradley, Henson Ford and Matt Mueller of MacKenzie Commercial Real Estate Services, LLC represented the landlord and Matt Melnick of Cushman & Wakefield represented the tenant in this transaction.
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