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  • Writer's pictureMAREJ

MacKenzie Capital arranges construction loan for Mount Vernon redevelopment

Baltimore, MD — MacKenzie Capital, LLC arranged construction development financing for the redevelopment of Grand Central into City House, a 38,000 s/f class A office and retail project located in the heart of Baltimore’s Mount Vernon neighborhood. Situated along the thriving Charles Street Corridor, the project sits at the corner of Charles and Eager Streets. MacKenzie Capital president John Black and vice president Brendan Harman worked with project developer Landmark Partners, a real estate and community development firm, to secure the financing.

“Baltimore’s Mount Vernon neighborhood is one of the strongest submarkets in Baltimore for office, retail, and apartment projects. The continued flight-to-quality for new, state of the art finishes with neighborhood amenities is expected to drive demand to the property,” stated Brendan Harman. “We enjoyed working with the project team and taking part in the area’s redevelopment.”

The project includes first floor retail with seven levels of office space above and will incorporate modern designs that compliment the historic property and surrounding neighborhood. Construction began in December on the partially pre-leased project with an anticipated delivery of early 2022.

In a separate transaction, MacKenzie Commercial Real Estate Services, LLC announced that Milk Reclamation Barn, a Maryland-based premium candle manufacturer, has leased 7,910 s/f of space at 9 West Aylesbury Rd., Timonium.

Owned by Merritt Properties, this location will allow the company to expand their production and serve their growing client base while remaining close to their employees. MacKenzie vice president Andrew Meeder represented Milk Reclamation Barn in the transaction.

Owners Michael and Bobbie Davis explained, “Although the barn will remain the creative influence behind our company, we are investing in new facilities to allow our company to continue our phenomenal growth.”


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