Kenwood Chevrolet Drive, an affiliate of Kenwood Management Company, announced today that it had completed a 7-year lease renewal with Ellicott City Pediatrics Associates at its Chevrolet Drive property.
Ellicott City Pediatrics Associates is a well-known and respected pediatrics practice in the area with seven physicians. They have been in operation since 1970.
“We are very pleased to have completed this renewal,” Kenwood Asset Manager Tom Driscoll said. “The entire Ellicott City Pediatrics staff was wonderful to work with as we updated and improved their space.”
Kenwood purchased 9011 Chevrolet Drive in 2023. It is 100% leased to a collection of medical, educational, and retail tenants. These include Reading Town, Forever Young Hair, The Dugout Baseball Cards, My Life Learning, and Linda Lang, MD. Ellicott City is the county government seat for Howard County, Maryland, one of the wealthiest counties on the East Coast.
“Since acquiring 9011 Chevrolet Drive, we have renewed and extended 66% of the property,” Kenwood Principal Bill Singer said. “The Ellicott City office/medical market boasts an extremely low vacancy rate which attracted us to this property. And with limited available land, 9011 Chevrolet Drive should continue to perform extremely well for our investors.”
About Kenwood Management Company
Kenwood Management Company is an owner-manager of a 1.4M square foot warehouse, flex, medical, and office portfolio in the Washington DC and Baltimore markets. They acquire properties with a blend of sponsor equity combined with private equity from high net-worth individuals with the intent of creating long-term and stable cash flow.
Kenwood Management Company’s investment philosophy centers on acquiring properties that offer long-term value and stability. The company’s approach involves meticulously evaluating each potential investment, considering location, market trends, and tenant quality. By focusing on properties with strong cash flow potential and a diverse tenant base, Kenwood aims to minimize risk and maximize returns.
The company’s commitment to excellence is evident in its meticulous property management and strategic growth initiatives. By continuously exploring new opportunities, Kenwood ensures sustainable value for its stakeholders.
For more information about Kenwood Management Company and its model, please visit Kenwood’s website today. Gain the insights needed to thrive in the competitive commercial real estate landscape.
Media Contact
Company Name: Kenwood Management Company
Contact Person: Bill Singer
Email: Send Email
Country: United States
Website: https://www.kenwoodmgt.com/