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BALTIMORE-KLNB Commercial Real Estate has added 700,000 square feet of property management assignments to its product line since the recent launch of a JV to service retail, commercial office, industrial and warehouse buildings throughout the mid-Atlantic. The new company, called Paragon Commercial Property Management, is a venture with Annapolis, MD-based Loughlin Management Group, an asset management company that has an existing portfolio of 60 buildings in Maryland and Northern Virginia.

The 700,000 square feet of office, retail and flex buildings are property management deals that KLNB brokers forged with existing clients, Andy Georgelakos, managing director of KLNB, tells GlobeSt.com. Up until this venture, KLNB did not offer property management services.

Under the terms of the partnership, both KLNB and Loughlin Management Group will continue to operate as separate entities. Paragon is headquartered in Annapolis as well, and with satellite offices Largo, MD and Rosslyn, Va.

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