Kenwood Management buys office portfolio in White Marsh, MD with Avanti Capital

Kenwood Management Company and Avanti Capital have closed on the purchase of a five building office portfolio in White Marsh, Maryland. Purchased from Corporate Office Property Trust, the property was completed in 1995 with a total of 131,000 square feet. The five office buildings, two of which are full-leased, are located on Corporate Drive. Tenants in the center include Verizon, MedStar, Fresenius Medical Care and Ryan Homes. The purchase marks Kenwood’s entry into the Baltimore County market. Terms of the deal were not disclosed.

“We were attracted to these buildings because of the incredible location at I-695 and I-95 and adjacent to the great retail stores and restaurants at The Avenue at White Marsh,” stated Bill Singer, Principal of Kenwood Management Company. “White Marsh has been experiencing a renaissance with new shopping centers, medical facilities, and entertainment…COPT did a terrific job maintaining these properties and we hope to build on those results.”