M id A tlantic Real Estate Journal —March 18 - April 21, 2022 — 11A


Property manager provides services to Carrollsburg, a DC condominium FirstService Residential welcomes Hathaway Tower to its Richmond, VA portfolio


long-time, self-managed asso- ciation was our team’s vast ex- perience inmanagement/bank- ing services. In addition, the community has an upcoming large exterior project and our ability to assist with financing was a feather in our cap,” said Trent Harrison , president, MidAtlantic, FirstService Residential . FirstService Residential has begun providing full-service property management services to Carrollsburg, A Condomini- um in Washington, DC. “We’re thrilled to announce our partnership with Car- rollsburg,” said Mendillo. “Our team’s experience and knowl- edge of the local market will ensure a successful partner- ship with this impressive prop- erty for years to come.” Carrollsburg is located in the heart of the Southwest Waterfront area in Wash- ington, DC. This eight-story, high-rise building was built in 1967 and houses 426 units, a pool and 24-hour front desk in loading doors with drive- though capability, and situ- ated on more than six acres of land, 1200 Chesapeake Avenue is located immediately outside the Fairfield Marine Terminal, is adjacent to the CSX rail line and is a two- minute drive from Interstate 895 and a seven-minute drive from Interstate 95. Dundalk Marine Terminal is approxi- mately seven miles from the site, BWI Airport is approxi- mately nine miles away and Washington, D.C. is less than 40 miles away. Headquartered in Philadel- phia, Alterra Property Group is a commercial real estate investment, development and management group which owns commercial office, resi - dential and mixed-use devel- opments as well as Industrial Outdoor Storage (IOS) sites. Its APG Living facility man- ages more than 2,000 upscale

ICHMOND, VA — FirstService Resi- dential , one of North

America’s property manage- ment leaders, has started providing full-service property management services to Hath- away Tower in Richmond, VA. “We’re thrilled to announce our partnership with Ha- thaway Tower,” said Michael Mendillo , president, FirstSer- vice Residential. “Our team’s experience and knowledge of the local market will ensure a successful partnership with this impressive property for years to come.” Hathaway Tower, a 13-story, high-rise building built in 1972, is home to 143 condo- minium units. The property features a swimming pool, sun deck, barbeque picnic area, club and fitness rooms, as well as 24-hour security. In addi- tion, its residents enjoy close proximity to many parks, the James River, and many shop- ping and dining options. “A big selling point for this LUTHERVILLE, MD — MacKenzie Commercial Real Estate Services, LLC has brokered the sale of 1200 Chesapeake Avenue, a single- story building consisting of ap- proximately 31,000 s/f of ser- vice/warehouse space for $4.2 million. Andrew Meeder , senior vice president & princi- pal and Daniel Hudak , senior vice president and principal for MacKenzie Commercial Real Estate Services repre- sented the seller, a private ownership group in Baltimore, as well as the buyer, Alterra Property Group, LLC in this sales transaction. The building was occupied at the time of the sale but the tenant is vacating Q3 2022. MacKenzie Com- mercial Real Estate Services has been selected by the new owner to handle all marketing and leasing activities. Equipped with 18 to 21-foot ceiling heights and 21 drive-

Hathaway Tower

with security. Carrollsburg residents enjoy the proxim- ity to public transportation and numerous shopping and dining options. In addition, they are located close to the

American landmark for the arts – the Arena Stage and Nationals Park. “FirstService Residential’s deep knowledge and experi- ence with large communities in

Washington D.C., specifically around complex building me- chanical systems, are just some of the reasons Carrollsburg selected FirstService Residen- tial,” said Harrison. MAREJ

Mackenzie Commercial Real Estate Services brokers sale of two buildings in Elkridge Section Of Howard County

1200 Chesapeake Avenue urban infill market and im - mediate availability of outside storage space,” said Meeder. According to data fromMacK- enzie Commercial Real Estate Services, the vacancy rate for

residential apartment units. “We expect tremendous leas- ing interest in this building based on its size, extremely low vacancy rate for this prod- uct type, position within an

warehouse/industrial product in the Baltimore Metropolitan region stood at 6.6 % at year- end 2021 and is expected to trend lower through at least the first half of 2022. MAREJ

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