M id A tlantic Real Estate Journal — July 22 - August 18, 2022 — 13A


P A community of choice where individuals, families and businesses choose to live, work & play Prince William County Development Svcs. ranks sixth in NAIOP Development Approvals Index

furniture maker owned by the Pitts family, an entity that was acquired by Kimball Interna- tional in late 2018. The Pitts family retained ownership of the building and negotiated a lease-back arrangement with Kimball International, before the Indiana-based group de- cided to consolidate operations and close this facility last year. MacKenzie Commercial Real Estate Services was subse- quently selected by the Pitts family to market and sale the two assets. “The competition for well- maintained, in-fill warehouse and industrial buildings located near major population centers remains very active and we im- mediately fielded robust sales interest for these assets,” said Daniel Hudak of MacKenzie Commercial Real Estate Servic- es. “Demand is especially fierce among industrial users and process, expedited review, adequate staffing, third- party inspections, and if performance data is pub- lished on the website, such as quarterly performance data, presented to the Prince William County Commercial Development Committee. Consistency metrics covered code and ordinance updates, time frames for completed reviews, approval processes, feedback across different orga- nizational levels and functions, including published approvals for project phases, and staff- based results, such as tenure, training, and their ability to handle complex projects. Findings from the Develop- ment Approvals Index were published in April 2022, with an initial round of data col- lected from August 2021 to March 2022. All Building Development Division forms are available online 24/7 and submissions are accepted 24/7 on ePortal. ePortal provides customers on- line advantages with 24/7 self-

investors searching to purchase buildings of this size and asset class. Companies looking to own are dealing with the realities of this over-heated asset class and need to react quickly to secure prime real estate. Pioneer is a highly a respected manufac- turer within its industry with a strong foothold regionally. They recognized the value of the existing infrastructure left behind by Kimball and acted decisively to emerge as the winning bidder. The warehouse building was also the recipient of a recent capital improvement program which adds to the value of this acquisition.” Built in 1960, 1407 Parker Avenue is equipped with ap- proximately 8,000 s/f of office space, 16-to-21-foot clear ceiling heights, five loading bays, eight interior dock posi- tions and 62 surface parking spaces. MAREJ service capabilities, providing around-the-clock access to apply for a permit, request an inspection, submit plans, pay development fees and more. Prince William County is the second-largest county in the Commonwealth of Virginia with a population of nearly 467,000. A highly-educated, racially and ethnically diverse population makes the county one of the most globally rep- resented communities in the region. AAA Bond Ratings, awarded annually from all three ratings agencies, con- firms a commitment to a thriv - ing and robust economy. Prince William County encompasses a total area of 348 square miles and includes independent cities and towns, state and federal park properties, and Quantico Marine Corps Base. Steeped in rich history, surrounded by beautiful parks and open space, Prince William County is a community of choice where individuals, families and busi- nesses choose to live, work and play. MAREJ

LUTHERVILLE, MD — MacKenzie Commercial Real Estate Services, LLC has brokered the sale of 1407 Parker Rd., a single-story building containing 103,640 s/f of industrial/warehouse space, and located in the Ha- lethorpe section of Baltimore County, for $10.34 million. The transaction also includes an adjacent .58-acre parcel on 1441 Knecht Ave. that is suit- able for vehicular parking and outside storage requirements. The buyer was Ohio-based Pioneer Cladding & Glazing Systems, Inc. Daniel Hudak, SIOR , senior vice president for MacKenzie Commercial Real Estate Services and An- drew Meeder, SIOR , senior vice president for MacKenzie Commercial Real Estate Ser- vices represented the seller, Pitts Realty, Limited Partner- ship, which formerly operated rince William County Department of De- velopment Services announced it ranked sixth in a nationwide Development Approvals Index study. The County ranked sixth place with an overall weighted score of 51 and attained a leading score of 75 points for consistency. “This new third-party bench- mark study demonstrates Prince William County is a leading provider of building development services,” said Wade Hugh , director, Depart- ment of Development Services. “For more than 25 years, the Building Development Divi- sion has advanced its best talent in expertise and train- ing, and resources available technology in Building Safety and customer services.” The Development Approvals Index study is a new tool to evaluate local approval pro- cesses, produced by NAIOP, the Commercial Real Estate Development Association . NAIOP’s Research Founda- tion commissioned the study

of thirty local jurisdictions to compare development ap- proval processes, with specific focus on building plan reviews, permitting and inspections, with input from local NAIOP chapter executives, according to NAIOP. The Index’s ranking was determined by overall scores of a metric points system in three pillars: Transparency, Accountability and Consis- tency. Transparency metrics were determined on Develop- ment Fee Information, with

points for the availability of a project fee estimator, an online calculator, and an online fee schedule that currently and accurately reflect costs. In ad - dition, points were given to the review process, coordination at both state and local level, time of reviews, online electronic submission services, such as ePortal, online permit track- ing, and if inspections can be scheduled online. Accountability metrics in- cluded if recourse is available to Developers, the appeals

Mackenzie Commercial Real Estate brokers sale of 103,640 s/f industrial/warehouse building in Baltimore County, MD

1441 Knecht Ave.

David Edwards Furniture, Inc. from the site. The new owner was self-represented and the building was unoc- cupied at the time of the sale. Founded in 1999, Pioneer Cladding & Glazing Systems designs, fabricates and installs curtain wall, glass and cus- tom-designed exterior building façades for both new construc- tion and renovation applica- tions. The company operates five project management, en - gineering and fabrication shop locations throughout the

United States including two in the greater Maryland area. Pioneer intends to maintain its existing project manage- ment facility in the Elkridge area and relocate its current fabrication shop on Alco Place in Halethorpe to 1441 Knecht Avenue. 10 employees will be impacted by this move. The building, situated at the intersection of Benson Ave. and Parker Rd., served as the headquarters for nearly three decades by David Edwards Furniture, Inc., a high-end

Made with FlippingBook - professional solution for displaying marketing and sales documents online