2018 Third Quarter Newsletter
1750 Forest Drive Brings Unparalleled Amenities to Annapolis
The Hogan Companies Purchases Office Condo at Annapolis Towne Centre
Koch Homes Acquires 12.8 Acres for Creek Stone Village residential
development
Investment Sale – Taco Bell and Severn Savings Bank Edgewater MD
1750 Forest Drive Brings Unparalleled Amenities to Annapolis
Welcome to a new way to work on Forest Drive! MCRE’s new listing at 1750 Forest Drive is revolutionizing the modern workspace with a state-of-the-art building designed to promote creativity and foster innovation. This space is pet friendly with a Wi-Fi café, outdoor spaces, and much more! Keep a look out for 1,500-82,000 square foot options, delivering January 2019.
The Hogan Companies Purchases Office Condo Annapolis Towne Centre
MCRE is pleased to announce The Hogan Companies, founded by Governor Larry Hogan, has purchased a 5,213 square foot condo in a new office building in Annapolis Towne Centre located at 2077 Somerville Road. The mixed-used building has first floor retail and two stories of office space with modern, industrial finishes and floor to ceiling windows. Only one 2,770 square foot space remains!
Koch Homes acquires 12.8 acres for Creek Stone Village residential development
MCRE represented Cindy Pumphrey Glime, Trustee for Robert Pumphrey, in the sale of 12.8 acres of residential property at 30 Wishing Rock Road in Pasadena to Koch Riva Properties, LLC. Dennis Murphy brokered the transaction.
Investment Sale – Taco Bell and Severn Savings Bank Edgewater MD
MCRE is pleased to announce the net leased property sale of 3091 Solomons Island Road in Edgewater. This high-profile site is located at the intersection of Route 2 and Mayo Road, which has been ground leased to Taco Bell and Severn Savings Bank. Joe Sera and Dennis Murphy represented both the buyer and seller in the transaction.
New Listings
182 Duke of Gloucester Just Listed for Sale in Downtown Annapolis — Fantastic owner occupant opportunity for 3,260 square feet of professional office space! The State House, City Dock, and Eastport are all just steps away.
Lincoln Park, Annapolis — 2,000 – 6,421 square feet of flex space available. Join Lumber Liquidators, Budget Blinds, and Duron Paints in this conveniently located center at Chinquapin Round Road and Aris T. Allen Blvd.
7154 Ritchie Highway, Glen Burnie, MD 21062 — +13,500 square feet of freestanding retail building on Route 2 in Glen Burnie. The building, formerly occupied by Brown’s Performance Motorcars, has direct frontage on Ritchie Highway with a high visibility pylon sign and over 29,000 cars a day. Perfect opportunity for car dealers, home decor, furniture stores, and more!
7483 Candlewood Road, Hanover, MD 21076 — +5,200 square feet of flex space in the Bristol Business Center. The build out includes approximately 1,200 square feet of office space and 4,000 square feet of warehouse space with 16 foot clear ceilings, a loading dock, and drive-in ramp. Enjoy convenient access to BWI airport (4 miles), Fort Meade (5 miles), and over 225 stores, restaurants, and entertainment venues at Arundel Mills Mall and Maryland Live! Casino (2 miles).
Notable Transactions
Two premium office suites sold at 100 Cathedral Street in downtown Annapolis by Murphy Commercial!
The two beautiful downtown Annapolis office condo suites will be the new headquarters of Cykor, a cybersecurity company moving to the region. The buyer was represented by Laurie Murphy-Zuiderhof; Randy Miller represented the seller.
“It was a true pleasure to work with Laurie in the purchase of my first commercial property. The entire process went so smoothly. Laurie was professional and kept in constant communication. I am thrilled to grow Cykor in the heart of downtown Annapolis!” said Mike Guadagnini of Cykor.
“Randy Miller was the agent who handled my original purchase of the office, and we kept in touch during the time we owned it. When the time came, it was a natural choice to reach out to him to handle the sale, and I’m happy to report that it was just as smooth sailing the second time around!” stated Andrew Walworth, President of Grace Creek Productions.
Fastsigns of Annapolis, a full-service commercial sign company, recently signed a 4,000 square foot lease of flex/office space at 1812 Margaret Avenue. The company is consolidating their Annapolis facilities. Dennis Murphy
represented Fastsigns and worked directly with the landlord.
OBO Agency, an account-based marketing and sales firm in Columbia, recently expanded at Columbia Gateway. Laurie Murphy-Zuiderhof represented OBO in the transaction.
National Mortgage Company, Guaranteed Rate has leased the remaining fourth floor of 175 Admiral Cochrane Drive, taking 5,660 square feet. Their new office includes a balcony with expansive views of Annapolis. Only one 2,406 square foot space remains in this Class A building.
AAMC Welcomes Bowie Oral and Facial Surgery Center as the newest tenant in their master leased medical office building at 4175 Hanson Court. Bowie Oral and Facial Surgery Center has signed a 10 year lease on the second floor and is currently building out their space.
Company Events
MCRE staff enjoying everything that screams summertime in Maryland: crabs, cold beer, and corn! We had a great night out on the deck of Mike’s Crab House.
Joe Sera, Steven Hughes, Chris Werner, and Jake Sodeman pictured together at the 3rd Annual Bo’s Effort Golf Tournament. Bo’s Effort is a local non-profit whose mission is to break the stigma of mental illness through education and guidance.
RECENT EVENTS
The Medal of Honor Annual Convention was held in Annapolis on September 12 through September 16th. Dennis Murphy, Chair of the Anne Arundel County Chamber, attended the book signing at the Westin Hotel and Patriots Awards dinner at the Naval Academy. Photos included Medal of Honor recipient Marine Corporal Kyle Carpenter.
