Kenwood B&O LLC, an affiliate of Kenwood Management Company, announced today that it had completed a 3-year lease renewal with the State of Maryland at its historic B&O Building in Baltimore. The State initially moved into the building in 2014 and utilizes the space for its Department of Housing and Community Development.
The State was represented by Nick Loiselle from CBRE and Kenwood was represented by Brian Wyatt from Cushman and Wakefield.
Earlier this year, Kenwood also renewed its lease with Franklin and Prokopik in the same building for 38,489 sf. Heartland Dental is also a tenant in the property.
Tom Driscoll, Kenwood’s Asset Manager, said, “We are extremely pleased to be continuing this long-standing relationship with the State. The B&O Building’s historic character – including Tiffany stained glass windows and marble staircases – together with its proximity to amenities, make it an ideal fit for the State.”
Kenwood has also engaged Joe Friedman from KLNB to market the property for sale. Interested parties should contact Joe at jfriedman@klnb.com
Bill Singer, Principal from Kenwood, added, “In renewing the State and Franklin and Prokopik, these tenants have clearly demonstrated the need to be in downtown Baltimore. These lease renewals provide a buyer with a stable cash flow for many years to come as downtown rebuilds its inner harbor to the jewel it should be.”
About Kenwood Management
Kenwood Management is an owner-operator of a 1.4 million square foot warehouse, office, medical, and flex commercial real estate portfolio in the Baltimore and Washington DC markets. Their sponsors provide personal equity in every acquisition, along with equity from high-net-worth individuals, to produce long-term stable cash flow, plus appreciation from their real estate investments.
Headquartered in Bethesda, MD, Kenwood has combined its internal equity with high-net-worth investors for over 25 years. Their diversified multi-tenant properties produce long-term steady returns for their investors through a commitment to meticulous property management and strategic growth.
The company’s focus on enhancing landlord-tenant relationships has also contributed to its success. By working closely with tenants to help their businesses succeed, Kenwood achieves higher occupancy rates and fosters long-term tenant retention.
For more information about Kenwood Management and its approach to commercial property management, visit www.kenwoodmgt.com.
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