Posts Tagged ‘ News about MacRo Ltd ’

MacRo Sells 3.49 Acre Lot at the Manor at Holly Hills

MacRo, Ltd. is pleased to announce the sale of lot 305 at the Manor at Holly Hills.  This 3.49 acre lot is on a private setting at the end of the cul-de-sac nestled in a clearing surrounded by trees.  The property is located at 9737 Ormonds Terrace, Ijamsville, MD 21754.

The sale closed on June 21, 2014.

The Manor at Holly Hills is a one-of-kind community situated on 185 idyllic acres just east of Frederick City.  Careful planning went into preserving the beautiful organic features of the land, including rugged rock outcroppings, rolling hillsides, and mature forests.

Rocky Mackintosh, President of MacRo, Ltd., represented the seller, the Manor at Holly Hills, LLC and Gerly Oden of Long & Foster Real Estate represented the Buyer.

For more information on how MacRo, Ltd. Real Estate Brokerage Services may be able to assist you in the sale or acquisition of land, and/or the sale or leasing of your commercial or industrial property, contact Rocky Mackintosh at 301-748-5655 or rocky@macroltd.com

MacRo Sells 12.43 Acre Lot at the Manor at Holly Hills

MacRo, Ltd. is pleased to announce the sale of lot 106 at the Manor at Holly Hills.  This 12.43 acre property is on one of the highest settings in the Manor with a wooded backdrop and dramatic rock outcroppings.  The property is located at 9766 Ormonds Terrace, Ijamsville, MD 21754.

The sale closed on June 20, 2014.  

The Manor at Holly Hills is a one-of-kind community situated on 185 idyllic acres just east of Frederick City.  Careful planning went into preserving the beautiful organic features of the land, including rugged rock outcroppings, rolling hillsides, and mature forests.

Rocky Mackintosh, President of MacRo, Ltd., represented the seller, the Manor at Holly Hills, LLC, in this transaction and Betsy Cain of Mackintosh Realtors represented the buyer.

For more information on how MacRo, Ltd. Real Estate Brokerage Services may be able to assist you in the sale or acquisition of land, and/or the sale or leasing of your commercial or industrial property, contact Rocky Mackintosh at 301-748-5655 or rocky@macroltd.com

MacRo Brokers Lease of Retail Space in Downtown Frederick

MacRo, Ltd. is pleased to announce the leasing of 3,190 square feet of office space at 154 N. Market Street to Smokestack Studios.

Kathy Krach of MacRo represented the tenant in the transaction.  Dee Perry of Noahs’ FMC represented the landlord.

Smokestack Studios is a high-end home furnishings and accessories store; the store owner and operator is a former designer for Restoration Hardware and plans to open for business in June of 2014.

For more information on how MacRo, Ltd. Real Estate Brokerage Services may be able to assist you in the sale or leasing of your commercial or industrial property, contact Kathy Krach at 301-332-7891 or kathy@macroltd.com.

Frederick’s Top 5 Commercial Deals for 1st Quarter 2014

Sales of industrial properties in Frederick were strong during the first quarter of 2014.

Frederick’s commercial real estate market experienced a jump of 66% in dollar volume of sales during the first quarter, versus the first quarter of 2013.  Here at MacRo we noted that owner/user activity was strong, with a focus on purchase or lease of warehouse and industrial properties.

The top five commercial real estate sales in Frederick County bear out that observation, as four out of the five largest sales were owner/user purchases, and most were industrial properties.

Following are the top five commercial real estate sales deals in Frederick during the first quarter of 2014:

1.  $23,050,000   Overlook Manor Apartments – 1208 Alban Court

In March, Federal Capital Parters sold Overlook Manor Apartments to BH Equities, a multifamily property investment firm in Des Moines, in a portfolio sale of two properties that totaled $50,500,000.  Federal Capital Partners had purchased the property in 2011 for $19,250,000.   The property has 290 units and sold for $79,483/unit.

2.  $17,205,000   Lafarge MidAtlantic quarry holdings – 788 acres

Bluegrass Materials LLC, a privately-held U.S. company, bought Lafarge MidAtlantic’s quarry properties during the quarter.   The sale included 788 acres of industrial land ($21,32.27/SF) and approximately 60,000 square feet of commercial buildings.  Lafarge, a French cement maker, sold 5 aggregate quarries in Maryland to Bluegrass Materials as a means of reducing corporate debt.  The enterprise value of all 5 quarries totaled $320 million.

3.   $3,175,000   Industrial Center East – 1560 Tilco Drive

Stulz Air Technology in Frederick purchased this building as an owner/user from Ed Scott of Kline Scott Visco.  The 41,040 square foot building sold for $77.36/SF.

4.   $2,050,000   McKinney Industrial Site – 4537 Metropolitan Court

Buckeye Development, LLC.  sold this industrial flex building in to Trust Development and Management  of Hagerstown.  Trust Development will be an owner/user and plans to convert the building into an indoor gun range.  The 32,300 square foot building sold for $63.47/SF.  Rocky Mackintosh of MacRo, Ltd. represented the seller in the transaction.

5.  $1,900,000   Riverside Center  – 1291 Riverbend Way

Tire World purchased 1291 Riverbend Way from FSK Audi Lincoln Volvo in January; Tire World had been the tenant in the building and will stay on as owner/user.  This retail auto repair shop is 15,000 square feet and sold for $126.67/SF.

The author:  Kathy Krach is a commercial sales and leasing agent with MacRo.

MacRo Assists Tenant in Leasing Office/Warehouse Space on Bailes Lane

MacRo is pleased to announce the lease of 19,500 SF office/warehouse space at 295 Bailes Lane, Unit C, Frederick.

This unit is a combination of 1,500 SF of office space and 18,000 SF of high-bay warehouse space, which includes 3 docks and 2 drive-ins.

The tenant, Showtime Sound, is expanding from its current facility in Frederick.  Showtime Sound is a full service event production company providing audio, lighting, video and staging for any size event or venue.

Rocky Mackintosh represented the tenant in this transaction.  Tony Checchia of Frederick Land Company represented the landlord.

For more information on how MacRo, Ltd. Real Estate Brokerage Services may be able to assist you in the sale or leasing of your commercial or industrial property, contact Rocky Mackintosh at 301-748-5655 or rocky@macroltd.com.

MacRo Brokers Sale of Residential Office Building and Commercial Lot

MacRo is pleased to announce the sale of 611 and 613 West Patrick Street, Frederick, Maryland 21701 for $450,000.

The property included a 2.4 acre commercial lot with a 2,200 square foot residential office on the Golden Mile corridor.  The sale closed on April 1, 2014.

Rocky Mackintosh and Kathy Krach represented the seller in this transaction.  Tom Poss of  Long and Foster represented the buyer.

For more information on how MacRo, Ltd. Real Estate Brokerage Services may be able to assist you in the sale of your commercial or industrial property, contact Rocky Mackintosh at 301-748-5655 or rocky@macroltd.com.

MacRo Bokers Sale of Multifamily Portfolio in Hagerstown, MD

MacRo is pleased to announce the sale of a multifamily portfolio in Hagerstown, Maryland.

This three building, multifamily portfolio consisted of 16 apartments with parking along with a detached 4-car garage; located in downtown Hagerstown.

Steve Cranford, Vice President of Commercial Sales & Leasing at MacRo, Ltd., was the agent who coordinated the transaction between the Seller, Ridenour, LLC, and the Buyer, Dimitrov, LLC.

For more information on how MacRo, Ltd. Real Estate Brokerage Services may be able to assist you in the sale or leasing of commercial properties, contact Steve Cranford at 301-788-4373 or steve@macroltd.com.


MacRo Sells 6.31 Acre Lot at the Manor at Holly Hills

MacRo, Ltd. is pleased to announce the sale of lot 203 at the Manor at Holly Hills.  This 6.31 acre property is open and sits on a high knoll with a scenic view.  The lot is located in the middle of a subdivision and backs up to a horse farm.  The property is located at 9759 Ormonds Terrace, Ijamsville, MD 21754.

The sale closed on April 4, 2014.

The Manor at Holly Hills is a one-of-kind community situated on 185 idyllic acres just east of Frederick City.  Careful planning went into preserving the beautiful organic features of the land, including rugged rock outcroppings, rolling hillsides, and mature forests.

Rocky Mackintosh, President of MacRo, Ltd., was the agent who coordinated the transaction between the seller, the Manor at Holly Hills, LLC and the Buyer.

For more information on how MacRo, Ltd. Real Estate Brokerage Services may be able to assist you in the sale or acquisition of land, and/or the sale or leasing of your commercial or industrial property, contact Rocky Mackintosh at 301-748-5655 or rocky@macroltd.com

 

MacRo Leases Office Space with Carroll Creek Views

MacRo is pleased to announce the lease of 5,585 square feet of office space at 45 East All Saints Street.

MacRo leased 45 East All Saints on March 1st, 2014.  This historic office building is located in downtown Frederick and has a lot of architectural character including stone walls, exposed beams, large winding staircase, stained glass window, and rooftop deck overlooking Carroll Creek.

The tenant is Mosaic Power, a growing Frederick County start-up that harnesses surplus electricity from water heaters in residences to sell for storage and use by local utility companies.

Rocky Mackintosh and Kathy Krach represented the landlord in this transaction.  David Kaye of Tyler-Donegan represented the tenant.

For more information on how MacRo, Ltd. Real Estate Brokerage Services may be able to assist you in the sale or leasing of your commercial or industrial property, contact Rocky Mackintosh at 301-748-5655 or rocky@macroltd.com.

Superior Class A Office Space for Lease

MacRo is pleased to offer this premium Class A office space for lease. 

Located in the City of Frederick’s HUB zone (Historically Underutilized Business Zone), this modern stone and glass office building offers a two-story grand foyer, high-end finishes, and abundant natural light. Other amenities include elevator access, cafeteria service, and on-site building maintenance / engineering service.  Located minutes from major shopping, restaurants, and Historic Downtown Frederick with quick and easy access to I-270, I-70, and US-15.

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For more information on how MacRo, Ltd. Real Estate Brokerage Services may be able to assist you in the leasing of your commercial or industrial property, contact Steve Cranford at 301-788-4373 or steve@macroltd.com

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