Kenwood Corporate Drive LLC, an affiliate of Kenwood Management Company, announced today that it had completed a 7-year lease with Mariner Finance for 4,332 sf at its Tyler Ridge Office Park in White Marsh, Maryland. The address is 8007 Corporate Drive.
Mariner Finance is a consumer finance company that provides personal loans, auto loans, and home loans. They offer both secured and unsecured personal loans, and also assist with debt consolidation, home improvements, and other financial needs. Mariner and Kenwood were represented by Henson Ford, Matthew Mueller and Dylan Bozel from Mackenzie Commercial Real Estate Services.
Kenwood currently owns five properties in Tyler Ridge, totaling 166,614 square feet. The Park is conveniently located near the intersection of I-695 and I-95 just north of Baltimore. Within walking distance is Federal Realty’s retail center – The Avenue, which has numerous restaurants and amenities. Among the tenants who have chosen Tyler Ridge as their corporate address are Medstar, Kaiser Permanente, Keller Williams, and Fresenius.
Kenwood acquired 8007, 8013, 8015, 8019, 8023, and 8027 Corporate Drive in 2016 from Corporate Office Properties Trust. Kenwood then sold 8023 for a 200% gain over its acquisition price. Additionally, Kenwood purchased the nearby 8098 Sandpiper Circle in 2018. The occupancy across all the buildings is 93%. Three suites ranging in size from 2,508 sf to 9,081 sf are available for lease.
Tom Driscoll, Kenwood's Asset Manager, said, “We are very pleased to welcome Mariner Finance to our growing list of corporate tenants in White Marsh. Mariner’s leasing team has been a pleasure to work with, and we look forward to working with them for many years to come.”
About Kenwood
Kenwood Management is an owner-manager of a 1.4 million square foot commercial real estate portfolio in the Baltimore and Washington, DC markets. Their portfolio consists of office, medical, flex, and warehouse spaces. Kenwood utilizes a private equity where its sponsors contribute 10-20% of the equity for every acquisition, and the balance of the equity is raised from high-net-worth individuals to produce long-term, stable returns.
For more information, please visit www.kenwoodmgt.com.
Media Contact
Company Name: Kenwood Management Company
Contact Person: Bill Singer
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Country: United States
Website: https://www.kenwoodmgt.com/
