Real Estate Journal — October 10 - 23, 2014 — 7A
www.marejournal.com
M id A tlantic
D el M ar V a ’ s C ommercial R eal E state B rokers
Robert Manekin Title: Managing Director & Principal Company: Colliers International | Baltimore Type of brokerage firm: Full Service Your specialty representation: Tenant Representation & Corporate Services Education: University of North Carolina at Chapel Hill (BA); University of Maryland School of Law (JD) About your company : Colliers International is a global com- mercial real estate services firm with nearly 15,000 professionals operating in 445 offices in 62 countries. Revenues exceed $2 Billion. About your team: I work with an incredibly talented and committed group of young professionals. Colliers VP Nadia Kahler is our team’s transaction manager. Special- ists include Ryan Miller, Tyler Boykin, Mike Ruocco, and Colin Penoyar. We recently added a former leasing representative from Corporate Office Properties Trust (COPT) to expand our listing activities – Vice President Jon Manekin. Current overview of 2014 real estate market: The 2014 office real estate market in Baltimore City has experienced significant growth and positive absorption of space this year. While the overall downtown Baltimore vacancy rate is in the mid-teens, the Pratt Street, Harbor East, Canton and Locust Point submarkets have vacancy rates below10%. Brief forecast on 2015 commercial real estate market in your region: The office leasing market in our region is tied to specific economic conditions in the re- gion’s various submarkets. Office leasing in the Baltimore Washington Corridor will remain strong. Owings Mills and Baltimore County West remain healthy. The I-83 Corridor has some challenges, particularly in Towson. However there is good activ- ity and absorption in Hunt Valley and even White Marsh. Harford County is dealing with excess capacity due to the lack of BRAC activity and jobs. Downtown Baltimore will have to sort out the impact of the relocation of Exelon to Harbor East (Scheduled for 2016 and impacting on 250,000 s/f) and the M&T Bank decision to stay at 25 S. Charles or relocate. Both situations are impacting on tenants in the market and caus- ing significant pre-leasing in a market that does not pre-lease space. Most notable deals/sales or lease transaction of 2014: Colliers represented the Maryland Automobile Insurance Fund (65,000 s/f / 15 year term) and brokered the sale of 8601 Robert Fulton Drive in Columbia. Other notable deals include Pandora’s 10 year headquarters lease at 250 W. Pratt (JLL and C&W). Key to your success in 2014: Creative structuring of transactions, client centric problem solving, and great teamwork. Robert Manekin
Keith May Title: Broker / Owner Company: Cottonwood Commercial Location: Harrisonburg, VA Type of brokerage firm: Fully Comprehensive Commercial Brokerage Your specialty representation: We represent all types of commercial clients. Education: B.S. Virginia Tech
Keith May
About your company and team: Cottonwood Commercial is one of western Vir- ginia’s most comprehensive commercial real estate resources. From its founding in Harrisonburg, Virginia in 1970, Cottonwood Commercial has been guided by the belief that it is not successful unless its clients are successful. Our goal is to build value for our customers by approaching our work with integrity, knowledge, and lots of good ideas. Over the years, our focus has broadened from being the predominant commercial real estate brokerage in the Harrisonburg-Rockingham County area to the broader Shenandoah Valley and beyond. Cottonwood Commercial’s agents bring a diverse set of backgrounds and skills to their work. We are able to provide services across the board in commercial real estate. Our areas of assistance include: Shop- ping center leasing; Property Management; Site finding and brokering, Leasing of and brokering of office properties; Site selection for national retailers; Landlord and tenant representation; Investment real estate, including Triple net leases and 1031 exchanges; Multi-family brokering; Sale and purchases of farm acreage; Sale and purchase of convenience stores and gas stations; Leasing and sale of warehouse and industrial facilities. We at Cottonwood Commercial Realty welcome your interest and your inquiries as you consider buying, selling, or leasing commercial property along Virginia’s growing I-81 corridor or into Central Virginia. Current overview of 2014 real estate market: Very brisk and on the upswing. Brief forecast on 2015 commercial real estate market in your region: Strong retail growth, other sectors solid and growing. Key to your success in 2014: 12 Fantastic brokers covering Western and Central VA
COTTONWOOD C O M M E R C I A L
( 540 ) 434-9922 1958 Evelyn ByrdAve. Harrisonburg, VA 22801
www. cottonwood .com
Be Tran, CCIM Associate Broker (540) 560-1449
Tim Reamer Site Aquisition Spec. (540) 271-7525
Ken Kline Associate Broker (540) 476-0411
Jason Song Multifamily Spec. (540) 383-6692
Keith A. May Broker / Owner (540) 820-7008
COTTONWOOD C O M M E R C I A L
Colliers International | Baltimore Colliers International is a leader in global real estate services, defined by our spirit of enterprise. Through a culture of service excellence and a shared sense of initiative, we integrate the resources of real estate specialists worldwide to accelerate the success of our partners—our clients, professionals and communities. We offer a complete range of services to owners, investors and occupiers on a local, regional, national and international basis. The foundation of our service is the strength and depth of our local specialists. www.colliers.com/greaterbaltimore
Greg Keeler Farms & Land (540) 478-5232
Butch Strawderman Commercial Realtor (540) 246-5959
Rodney Eagle Commerical Realtor (540) 810-9999
Tim Peters Auction Spec. (540) 271-3613
Megan Reichart Auction Spec. (540) 437-9501
100 North Charles St. Suite 1710 Baltimore, MD 21201 8601 Robert Fulton Dr. Suite 220 Columbia, MD 21046 main +1 443 297 9000
• LAND • OFFICE
• INDUSTRIAL • MULTIFAMILY • FARMS
Ray Ressler Gas Station Spec. (540) 820-9900
Eric Ottinger Commercial Realtor (540) 246-1524
Bob Jacob Commerical Realtor (540) 246-5253
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