-- Lottsford of Landover LLC, an affiliate of Kenwood
Management Company, announced today that it has completed a 5-year lease renewal with Prince George’s County Government at Lottsford Business Center, located at 9475 Lottsford Road in Largo, Maryland.
The renewal includes more than 13,000 square feet of space and continues Prince George’s County Government’s long-term tenancy at the property, which began in 1994. The space is used for the county’s cable television operations.
Prince George’s County Government represented itself in the transaction. Kenwood was represented by Ken Fellows, Rob Pugh, and Keiry Martinez of KLNB, who also handle ongoing leasing activity at Lottsford Business Center.
Kenwood Management Company acquired Lottsford Business Center in 2001 from the Archon Group, a subsidiary of Goldman Sachs. The 121,000-square-foot property is located near I-495, the Washington Beltway, and Route 202. The property also offers convenient access to the Largo Metro Station and the University of Maryland Medical Center.
Lottsford Business Center includes a variety of suite options designed to accommodate different business needs, including office, flex, and warehouse spaces. Current leasing opportunities at Lottsford Business Center include warehouse spaces ranging from 8,578 to 32,942 square feet, as well as an office suite totaling 2,719 square feet.
Bill Singer, Principal at Kenwood Management Company, said, “We are so pleased to be renewing Prince George’s County Cable Television for the fifth time, which amounts to 32 years. We are long-term owners of real estate, and we work very hard to keep our tenants, provide superior customer service, and help them grow so they renew, over and over again. The fact that Prince George’s County Government has remained in the space that long is a perfect example of our goals as commercial property owners.”
The renewal reflects Prince George’s County Government’s continued presence at Lottsford Business Center and Kenwood Management Company’s long-term approach to owning and managing commercial real estate properties throughout the region.
About Kenwood Management
Kenwood is a commercial real estate owner-operator with a portfolio totaling approximately 1.4 million square feet across medical, office, warehouse, and flex properties. The company’s assets are primarily located throughout the Washington, D.C., and Baltimore metropolitan areas.
Kenwood utilizes private equity to expand its portfolio, with its sponsors typically contributing between 10% and 20% of the total equity in each investment. Kenwood's disciplined investment approach and hands-on management style have supported long-term tenant relationships across its portfolio. The company manages its properties with a focus on tenant retention and maintaining high occupancy across its portfolio. Additional information about Kenwood and its investment opportunities can be found at https://www.kenwoodmgt.com.
Contact Info:
Name: Bill Singer
Email: Send Email
Organization: Kenwood Management Company
Website: https://www.kenwoodmgt.com/
Release ID: 89196840
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