KLNB, LLC MATCHES HIGHEST TRANSACTIONAL VOLUME IN HISTORY OF COMPANY AT $1.3 BILLION
Full-service commercial brokerage and property management real estate services company achieves mark for second consecutive year on strength of 940 separate transactions.
For the second consecutive year, KLNB, LLC achieved transactional volume of $1.3 billion on the strength of 940 separate industrial, commercial office, retail and land leasing and sales transactions, a figure that matches the highest total in the more than 45-year history of the company. The full-service commercial brokerage and property management real estate services firm operates five offices throughout the Mid-Atlantic region including Towson and Columbia, Maryland; Washington, D.C. and Dulles and Vienna, Virginia.
KLNB, LLC is comprised of two operating divisions that include NAI KLNB, a division that focuses on the sale and leasing of commercial office, industrial and warehouse properties and represents the Baltimore/Washington, D.C./Northern Virginia metro area of NAI, a global network of real estate service providers serving 55 countries and 400 offices. The company also includes KLNB Retail, which specializes in the sale and leasing of retail properties as well as tenant representation; KLNB Retail Investment Sales, which focuses on the sale of investment- quality retail centers and the Single Tenant Net Lease Group, which provides advisory services for investment entities interested in the acquisition and disposition of single tenant net leased retail assets.
KLNB employs 81 full-time real estate brokerage professionals, of which 38 are principals of the company.
The breakdown of transactions include:
• 2.7 million square feet of office space leasing and sales
• 3.2 million square feet of industrial and warehouse space leasing and sales
• 4.1 million square feet of retail space leasing and sales
“Our team has been remarkably consistent over an extended period of time, and each of our five full-service offices have again exceeded sales and leasing projections for the past year,” explained Andy Georgelakos, President of KLNB, LLC. “We attribute this success to several factors including the extremely high talent of our entire professional team, coupled with unparalleled strength of the fourth-largest metropolitan region in the United States in which we operate. Corporate end-users consider it critical to the success of their organization to establish or strengthen their presence in this marketplace.”
Last week, the company released its year-end 2014 Commercial Office and Industrial real estate report tracking vacancy rates, absorption figures and notable sales and leasing transactions that transpired in Anne Arundel, Baltimore, Frederick, Howard, Montgomery and Prince George’s counties as well as Baltimore City in the past year. The report, which is available for free at http://naiklnb.com/resources/market-reports/ also details four real estate trends and economic issues expected to shape the 2015 local marketplace.
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