Kenwood Management Company announced today that it completed a 38,000 sf lease renewal at the historic B&O Building in Downtown Baltimore with Franklin & Prokopik, P.C., a prominent Mid-Atlantic legal practice. Franklin & Prokopik has been a tenant since 2003, and this renewal represents one of the largest lease transactions in Downtown Baltimore over the past four years.
Brian Wyatt from Cushman & Wakefield acted on behalf of Kenwood, while Tim Jackson, also from Cushman & Wakefield, represented Franklin & Prokopik.
Located at 2 North Charles Street in Baltimore’s Central Business District, the mixed-use B&O Building includes the Kimpton Hotel Monaco, a 202-room boutique hotel, the B&O American Brasserie, and 51,000 square feet of office space alongside 7,000 square feet of ground-floor retail space. Kenwood acquired the office and a segment of the retail areas in 2012.
The property was originally completed in 1906 as the B&O Railroad Company headquarters. It is constructed in a Beaux-Arts style. The ornate main lobby contains two white marble staircases, grand chandeliers, and many decorative details. In 2001, Baltimore’s Commission for Historical and Architectural Preservation and the Maryland Historical Trust designated The B&O Building as one of the city’s ten most historically consequential buildings.
The property currently has 4,101 sf of office space and 3,193 sf of retail space available for lease.
Bill Singer, Principal for Kenwood, added, “We are so pleased that Franklin & Prokopik not only decided to remain in Baltimore’s CBD but will continue a relationship with Kenwood that started more than a dozen years ago.”
About Kenwood Management
Kenwood Management Company, headquartered in Bethesda, MD, has combined its internal equity with high-net-worth investors for over 25 years. With a portfolio of over 1.4M sf, including office, flex, medical, and warehouse spaces, their diversified multi-tenanted properties produce long-term returns and property management strategies for their investors.
The company is unique in investing in and solely managing all its properties. By having the management company also own, sponsor, and invest in each property, they build an environment where everyone’s interests align toward producing the highest returns possible for every investment. With Kenwood, investors can expect an approach that will meet their needs and make their efforts worthwhile.
Kenwood’s unique approach with tenants focuses on enhancing the landlord-tenant relationship by working with tenants to help their businesses succeed. This approach has helped Kenwood achieve higher occupancy and retain tenants long-term.
Visit Kenwood Management's website for more information about the company’s approach to commercial property management and multi-tenant real estate.
Meta Description: Kenwood Management celebrates lease renewal with Franklin & Prokopik, P.C., in the historic B&O Building, Downtown Baltimore, a beacon of charm in the urban core.
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Company Name: Kenwood Management Company
Contact Person: Bill Singer
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Country: United States
Website: https://www.kenwoodmgt.com/
