Construction nearing completion on the retail component of Sykesville Business Center

Construction Scheduled to be Completed Next Month on Retail Component of Mixed-Use Sykesville Business Center

MacKenzie Commercial Real Estate Services has completed leasing of first retail building

Construction is nearing completion on the retail component of Sykesville Business Center, a mixed-use development containing 30,000 square feet of retail space and 36 multifamily units on the upper level. Master developer Stavlas Properties, LLC is developing two buildings, each containing nearly 16,000 square feet of retail space, to support the western section of Eldersburg and Sykesville which includes an industrial park, Century High School and Liberty Place, a sold-out condominium project developed by Ryan Homes located just across the street.  MacKenzie Commercial Real Estate Services, LLC is serving as the exclusive leasing brokerage firm of record for Sykesville Business Center and has completed leasing for one of the retail buildings.  MacKenize Senior Vice President Dennis Boyle and Chris Walsh are handling the assignment.

(Photo credit: MacKenzie Commercial Real Estate Services)

Located at 53-55 Liberty Road, leases have been signed with local businesses that include a Vietnamese café, nail salon, wellness market and tobacco shop. The building will be anchored by cheer facility Cheer Idol which leased 10,000 square feet of space in the building. Marriottsville-based Stavlas Properties intends to deliver both buildings in Q1 2025.

“The extremely rapid leasing of the first retail building validates the strength of Sykesville Business Center and the greater Carroll County marketplace,” explained MacKenzie’s Dennis Boyle. “Attracting locally-owned retailers and businesses helps differentiate the shopping venue from other nearby centers, and is a key factor in building customer loyalty. Consumers tend to support business owners located within their own community. We have generated extremely strong interest in the remaining spaces, and are targeting compelling uses for the second building, specifically ones that represent initial market entries into Carroll County.”

Boyle adds that the presence of Liberty Place, which is within walking distance of the retail buildings, provides a dedicated consumer audience and was a major factor in the leasing pace.

MacKenzie Commercial Real Estate Services is the real estate brokerage arm of The MacKenzie Companies, which operates five full-service divisions addressing all real estate asset classes including MacKenzie Management Company, MacKenzie Contracting Company, MacKenzie Capital, and MacKenzie Investment Group. The company provides customized real estate solutions for institutional owners, investors, private companies, and individuals. For additional information, visit www.mackenziecommercial.com.

Source: CityBiz