Taking the ‘LEED’
Global climate change represents a profound challenge for the built environment, especially as buildings account for an estimated one-third of global greenhouse gas emissions. But it also represents a tremendous opportunity for how buildings are designed, construction and operated. Through the use of LEED, or Leadership in Energy and Environmental Design, U.S. Green Building Council […]
A Common Vision
In early May, local commercial real estate firm RKS Realty announced that it had merged with friendly competitor MacKenzie Commercial Real Estate Services, LLC, making waves throughout the Harford and Cecil counties business communities. Well-known RKS agents Donnell “Beetle” Smith, Jr., Thomas C. Mottley and Frederick Kern joined the fold of the larger regional firm, surprising many within the area and bringing speculation of overall economic health of the area.
The Challenges In Front of Us
In September of 2011, I used the statement “unprecedented growth with an unimaginable impact” when describing the state of the Harford County office market given the then current growth of numerous office developments in the County. In the short period of time leading up to BRAC (Base Realignment and Closure), the average office building size in the market had nearly doubled from 27,900 square feet to 48,000 square feet. The Class “A” portion of the market was seeing new projects such as The GATE (MD Route 715), North Gate Business Park (Route 22), Aberdeen Corporate Park (Route 22), Fieldside Commons (Long Drive), and the Hickory Ridge Technology Campus (U.S. Route 40). Combined, these several commercial developments would add over 1,400,000 square feet of office space to the County pipeline. Then, activity was brisk and there was an overall sense of optimism with expectations for a “game changer” in place.
Growth in the Senior Population
Stretching from the northern edge of Baltimore County, along Interstate 95 through Harford County, and into western Cecil County, the presence and population of those above the age of 55 has grown at a substantial rate over past 10-plus years and provides a glimpse into the future development of the market area. What was and […]
The GATE and Baltimore Crossroads at 95
From Aberdeen Proving Ground in Harford County to White Marsh in Baltimore County, St. John Properties has developed two major business communities located in the I-95 business corridor. The GATE at Aberdeen Proving Ground is a 416-acre office and tech park located inside Aberdeen Proving Ground (APG) in Harford County that St. John Properties broke […]
The Market Has Changed
Multi-faceted Research Drives Development By Thomas L. Fidler, Jr. Senior Vice President/Principal, Mackenzie Commercial Real Estate Services, LLC Who are we? What do we like to do? What do we spend on food? Do we have two or three children? Are we more likely to complete home repairs ourselves? Do we eat out twice a […]
‘Game Changer’ Leaves Its Mark
The available office development inventory along I-95 has dramatically changed over the past two years from its original roots, design and quality. Historically, product was limited in size and height and dominated by mostly small, entrepreneurial and regional businesses, and amenities were few and far between. With one significant passage of federal legislation, the future […]
Dramatically Changing the I-95 Landscape
Perched on a hilltop with a dominant and commanding view of its surroundings, The Boulevard at Box Hill will be Harford County’s premier retail and shopping destination. The Boulevard at Box Hill will be the heart and soul of this rapidly growing region. Its location, less than a quarter mile from I-95, can easily serve […]