Real Estate Journal — DelMarVa — December 14 - 27, 2018 — 5A


M id A tlantic

D el M ar V a

KWCommercial completes sale of 8 Nebraska Road

Virginia Beach Economic Dev. Authority approves grant BMZ Group selects Virginia Beach to expand U.S. mfg. HQ

“The mobile home community remains hot. This offering pro- vides the new owners stable and continuous cash flow for years to come.” As a specialist in the manu- factured housing industry, Martin completed the transac- tion for this mobile home park with the best interest of the owners in mind.  promote and enhance the im- age of the rental housing in- dustry, MMHA and its owner manager members through government relations and stra- tegic marketing and communi- cations programs. 

WILMINGTON, DE — Park Place Mobile Home Park is a multi-family property located at 8 Nebraska Rd., Wilmington. The property con- sists of 179 sites on 18 acres and is serviced by both mu- nicipal water and sewer. On October 5th, 2018, Buddy Martin completed the sale for $13.1 million. Martin stated OWINGS MILLS, MD — The Maryland Multi-Hous- ing Association (MMHA) an- nounced that Jessie Keller has joined its team as government and community affairs manager. In this role, Keller will help


IRGINIA BEACH, VA — BMZ Group , that opened its U.S.

headquarters in Virginia Beach in 2011. The company has selected a new location in Virginia Beach at 1429 Miller Store Rd. to expand its manu- facturing operations. BMZ will retain 21 full-time jobs in Virginia Beach and create 30 new jobs with annual salaries of $42,179. The Virginia Beach Eco- nomic Development Au- thority approved an Economic Development Investment Pro- gram grant in the amount of $170,000 based on the capital investment and the number of new jobs created with the expansion. BMZ will invest $2,806,000 in Virginia Beach with real estate, construction, machinery and tools. “BMZ has grown significantly in the past two years,” said Vir- ginia Beach Economic Devel- opment Business Coordinator Michelle Chapleau . “BMZ’s relationships with the quality vendors like STIHL and the availability of a highly skilled workforce helped us compete successfully for this expan- sion project. This is the second EDIP grant we’ve awarded, and it’s clear this investment has paid off in keeping a major international manufacturing headquarters here in addition to creating more jobs.” BMZ’s current location at 2656 Lishelle Road comprises 16,500 s/f and has increased sales volume from less than $4 million in 2016 to approximate- ly $10 million in 2018. The new location offers 24,000 s/f of class B industrial warehouse space, and the expansion will accom- modate new customers and increased production needs. Additionally, BMZ plans to pur- chase new highly automated manufacturing equipment. Vir- ginia Beach competed against BMZ’s facilities in China and Poland for this project. BMZ’s U.S. facility handles North American sales, as- sembly, distribution, research and development of primar- ily lithium ion battery units for a variety of industry sec- tors. The batteries are used in power tools, outdoor power equipment, material handling, medical devices, wind and solar energy, household items and e-bikes. BMZ also imports lithium ion battery cells from its manufacturing facilities in Asia and Europe. 

Keller joinsMMHAasGovernment and community affairs manager

1429 Miller Store Rd.

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