4B — February 2025 — Property Management — Owners, Developers & Managers — M id A tlantic Real Estate Journal
www.marej.com
P roperty M anagement
Leases bolster presence of longtime tenants Larken Associates expands Greenwich Commons portfolio
MCB extends reach with Pinkard Properties acquisition
Wally, Bob, Greg, and Peter. In the 1970s, Walter D. Pinkard Jr. took the reins, driving the company’s success, while Bob Pinkard went on to lead anoth - er prominent commercial real estate firm in Washington, DC. Katherine Pinkard and her father, Greg Pinkard , founded Pinkard Properties in 2012, representing the fourth and third generations of Pinkards respectively to work in the commercial real estate sector in the greater Maryland region. The compa - ny focuses on providing asset and property management services to a range of owners and investors, including local and regional development companies, publicly-owned real estate investment trusts, institutional investors, and privately-held groups. The team has effectively man- aged significant capital plan - ning and upgrades to urban and suburban commercial office, retail and warehouse/ industrial properties and portfolios. Pinkard Proper - ties co-founder Greg Pinkard will serve MCB Real Estate in an advisory role. “When launching Pinkard Properties, we saw the op- portunity to fill a niche in the local region,” Katherine Pinkard said. “Global firms were on one end of the spec- trum and local operators were on the other, without many options in between. Our goal has always been to provide institutional-qual - ity service while maintain- ing the local and intimate touch needed to nurture relationships and provide highly-personalized, nimble solutions. Property manage - ment is about more than buildings - it’s about people, service, and accountability. We successfully thrived in a highly-competitive environ- ment and are now ready to write our next chapter with MCB Real Estate.” “I absolutely adore my team and respect their pas- sion, talent, and drive,” she added. “To attract and retain talent in this industry, it is critical to provide new chal- lenges and opportunity for growth and advancement. Teaming up with MCB feels like stepping into an all-star lineup, with the chance to collaborate with the indus - try’s best and brightest, while being engaged with high profile and multifaceted properties located around the country.” MAREJ
BALTIMORE, MD — MCB Real Estate has acquired Pinkard Prop-
TEWARTSVILLE, NJ — Larken Associates , a regional leader in real estate building, development and management, has signed two medical office leases at Greenwich Commons located at 1 Greenwich St. in Stew- artsville. Hunterdon Health has leased a 10,000 s/f space and Tri County Care Man - agement Organization (Tri County CMO) has leased a 10,217 s/f space. Victor Kelly , executive vice president of Raider Realty , Larken Associates’ in-house brokerage division, represented the firm in the transaction with Hunterdon Health. In the transaction with Tri County CMO, JLL represented Larken Associ - ates and CBRE represented the tenant. With an expansive network of more than 30 primary and specialty care practices throughout northern and cen - tral New Jersey, Hunterdon Health is one of the largest healthcare providers in the state. The provider currently has several locations across Larken Associates’ commer - cial portfolio including Stryk - ers Plaza, Raritan Crossing, The Village at Hawk Pointe and Raritan Commons. “As we’ve looked to expand our footprint in New Jersey, Larken Associates has been a tremendous partner ensur - ing we have the space and resources we need to deliver critical care to our growing patient base,” said Kimberly Tennant, chief strategy of - ficer of Hunterdon Health. S
erties and its 14-per- son profes- sional team. Katherine Pinkard , co-founder of the company which pro- vides asset
Katherine Pinkard
and property management services for two million s/f of commercial office, flex/office, warehouse/industrial, and retail space in the MD re- gion, has been named senior managing director, Property Management for MCB Real Estate. MCB’s current Prop - erty Management division leader, Marty Lastner , recently announced plans to retire. “The opportunity to join forces with a highly-regarded asset and property manage- ment team perfectly aligns with our short- and long-term goals of accelerating the mo- mentum of our vertically-inte - grated platform, and further accentuating our capabili - ties with Pinkard Properties’ high-touch service and proven protocols,” said MCB presi- dent Gina Baker Cham- bers . “Asset and property management is fundamental - ly a people-first business built on strong relationships. With Katherine Pinkard and her team, we are gaining a group of seasoned property manag- ers, engineers, maintenance, and operations professionals with deep expertise. By inte- grating them into our expan - sive network and leveraging our robust resources, we are strengthening our foundation for sustained growth and de - livering greater value to our clients and communities.” History of Pinkard Properties The Pinkard name has a long and distinguished his - tory in Baltimore and Mary- land’s real estate and phil- anthropic communities. For over a century, the family— including MCB co-founder and managing partner Pe- ter Pinkard —has played a pivotal role in shaping both the local and national com- mercial landscape. The legacy began in 1922 when Peter’s grandfather founded W.C. Pinkard & Co. His son, Walter D. Pinkard, continued the tradition in the 1930s, passing down his entre- preneurial spirit to his sons—
Greenwich Commons
“We are thrilled to expand to Greenwich Commons and increase the accessibility of our services.” Serving Warren, Hunterdon and Somerset counties, Tri County CMO is a nonprofit organization that provides children and young adults with support services for behavioral, emotional, social and mental health challenges, as well as developmental/intellectual dis - abilities and substance abuse issues. Tri County CMO is also a tenant at Branchburg Centre, Larken Associates’ 109,000 s/f professional and medical office complex located at 3040 Rte. 22 West in Branchburg. “We take a comprehen - sive approach to delivering critical services needed by children and families in our local communities facing challenges in their day-to-day lives,” said James Parauda, CEO of Tri County CMO. “Our new office at Greenwich Com - mons allows us to expand our
reach and continue to make a difference for those in need.” Kelly added, “The health - care and human services delivery model continues to evolve in the post-pandemic era. Providers today are plac- ing a greater emphasis on establishing localized treat- ment centers to better serve their patients. We are proud to deepen our partnerships with Hunterdon Health and Tri County CMO and provide them the additional space they need to support their respective goals.” Ideally located just off Rte. 22 and a quarter mile from Inter - state 78, Greenwich Commons is a two-story professional and medical office building span - ning 42,896 s/f. The building boasts premium highway vis - ibility and features a brick facade with full perimeter windows, a welcoming and pro- fessionally decorated lobby, two passenger elevators and 218 surface parking spaces. MAREJ
LMC announces the grand opening of DXL Big + Tall at Somerville Circle Shopping Center in Raritan, NJ
RARITAN, NJ — DXL Big + Tall, the nation’s leading specialty retailer of big and tall men’s apparel, has opened its new location at Somerville Circle Shopping Center, 300 Rte. 202 in Raritan. The store provides an unparalleled se - lection of clothing, footwear and accessories designed ex- clusively for the underserved big and tall consumer market. “DXL Big + Tall is a fan - tastic addition to Somerville Circle Shopping Center, com- plementing our strong lineup of national retailers and en- hancing the overall shopping experience for our visitors,” said Vanessa Kelty , senior
Somerville Circle Shopping Center
leasing representative for Levin Management Corpora- tion (LMC), the property’s leasing and managing agent.
Somerville Circle Shopping Center is a 150,000 s/f retail hub anchored by Burlington, P.C. MAREJ
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