Kenwood Management Announces 98% Occupancy for Lottsford Business Center
Recently, Bethesda, MD based Kenwood Management Company executed a lease with KCI Technologies for 12,262 square feet within the Lottsford Business Center in Largo, MD. This lease represents the second expansion by KCI in this project, bringing them to a total of 32,942 square feet of leased space for their operations.
Over the past twelve months, Kenwood Management has completed over 35,000 square feet of new leasing at the Lottsford Business Center. For this recent transaction, Kenwood was represented by Laura Murrer, and KCI was represented internally.
Laura Murrer, Senior Asset Manager, said, “We are thrilled that KCI Technologies has increased their presence at Lottsford Business Center and look forward to their continued success in our building for years to come.”
Murrer added, “The expansion of KCI Technologies brings Lottsford Business Center to 98% occupancy, the highest level in over 15 years, and is another Kenwood property that is outperforming the market.”
About Lottsford Business Center
Kenwood acquired the Lottsford property in 2001. Following the execution of the lease with KCI Technologies, the only remaining available spaces in the building are 1,200 square feet and 2,100 square feet.
Other tenants at Lottsford include Prince Georges County Government, Terminix, and Boland Trane. Lottsford Business Center benefits from being less than one mile from the University of Maryland’s new medical hospital in Largo that opened in mid-2021 and Largo Town Center Metro Station. The property is also across the street from the Wayne Curry County Administration Building
Who Is Kenwood Management?
Kenwood Management is a Bethesda-based commercial property owner and manager with a portfolio of 1.4 million square feet of office, medical, flex, and warehouse space in the Washington, DC, and Baltimore, MD, markets.
Founded in early 1997 by Hank Bowis and Phil Ackley, Kenwood was created to attract private equity from long-term investors and provide superior property management services to business owners throughout the Baltimore and Washington, D.C. metropolitan area
The company’s unique approach to multi-tenant real estate includes:
– Investing for the long term
– Managing only the properties they own
– Personal investment in every property by the company’s principals
– Prioritizing tenant renewals
– Loyalty, honesty, integrity, respect, and fairness always
For more information about Kenwood and the company’s approach to multi-tenant real estate, visit www.kenwoodmgt.com/about-us.
Media Contact
Company Name: Kenwood Management
Contact Person: Bill Singer
Email: Send Email
Country: United States
Website: https://www.kenwoodmgt.com/
