Columbia, Md - December 1, 2020 An affiliate of Kenwood Management Company purchased the Quarry Building, a 54,000 office building immediately adjacent to Route 32 in Columbia. The Seller was Quarry-32 LLLP, who had developed the property in 1986.
In completing this acquisition, Kenwood utilized proceeds from its sale of 14300 Cherry Lane Court in Laurel, which closed just 12 days ago. Headquartered in Bethesda, MD, this acquisition represented Kenwood’s 27th property and brings its portfolio to nearly 1.5M square feet.
The property is 88% leased to 12 tenants including Gantech, Ernst &Young, and The Arm Group.
The Seller was represented by Cris Abramson and Nick Signor from Newmark Knight Frank.
Kenwood will utilize Bethany Hobbs from MacKenzie Commercial Real Estate to lease the available space. Leasing efforts will focus on smaller tenants. The current availability can accommodate tenants ranging from 774 sf to 5,700 sf.
Kenwood plans numerous upgrades to the building, including common area finishes, parking lot rehabilitation, new exterior signage, and improved landscaping.
Bill Singer, a Principal with Kenwood commented, “We are very excited to add the Quarry Building to the Kenwood community. With the property situated directly adjacent to a 3.5 acre wooded lot that includes a small lake, it provides tenants with unique amenities in the market.”
Going forward, Kenwood will be represented by Laura Murrer, Asset Manager. Laura stated, “The Quarry Building is a great addition to Kenwood’s Maryland portfolio. It is centrally located in the Baltimore-Washington corridor and offers convenient access to Routes 29 and 32 as well as I-95, making it an ideal location for our tenants and their employees.”
