NAI KLNB is brokering both office condo sales and retail space for the project, which is expected to deliver in Q4 2009. David Fritz, Brad Berzins and Robert Smith are overseeing marketing activities for the office product, and Andy Feldman and Michael Patz of KLNB Retail are managing the retail leasing.
Fritz tells GlobeSt.com that this is the only viable office condo project in the submarkets for current buyers; others are fully leased and there is nothing immediate in the pipeline.
The McDonogh Village and Professional Center, which will be located at 8890 McDonogh Rd., will offer condo suites ranging in size from approximately 900 to 23,000 square feet of space. The condos are targeted towards professional, medical or service-related companies in the Owings Mills, Reisterstown and Randallstown market area.The starting sales price for an office is $270 per square foot; the tenant build-out allowance is $50 per square foot.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
