Kenwood Management Secures 7,115 SF in Lease Renewals at McLean Medical Office Building

KMP Management LLC [https://karyamanagement.com/?utm_campaign=13198605-%5BPress%20Release%5D%20Completes%20Two%20Lease%20Renewals%20Totaling%207%2C115%20SF%20at%20Its%20McLean%2C%20VA%20Medical%20Office%20Building&utm_source=PR_Marketing], an affiliate of Kenwood Management Company, announced today that it had executed two leases at McLean Plaza [https://www.kenwoodmgt.com/mclean-plaza?utm_campaign=13198605-%5BPress%20Release%5D%20Completes%20Two%20Lease%20Renewals%20Totaling%207%2C115%20SF%20at%20Its%20McLean%2C%20VA%20Medical%20Office%20Building&utm_source=PR_Marketing], 6862 Elm Street in McLean, VA.

Inova Health Care Services renewed its lease for seven years. Inova is a leading healthcare provider in Northern Virginia, with 25,000 team members and 4 million patient visits annually. Nicholas Gregorios, Peter Berk, Dave Millard, and Wesley Preuss from Avison Young represented Inova.

Aegis Financial Corporation also renewed its lease for 10 years. The investment advisory firm initially moved into the building in 2012. Kyle Martin of Kyle James Commercial and Brian Martin of Avison Young's Washington, DC office represented Aegis.

For both lease renewals, KMP was represented by Cole Spalding, Larry FitzGerald, and Nicholas Kuhn from Newmark.

KMP purchased 6862 Elm Street in 2021. At the time, it was 83% leased; currently, it is 90% leased. Other tenants in the building include Virginia Hospital Center, Medstar, and Anxiety Institute.

Holly Harmon, Property Manager from Kenwood, stated, "We are so excited to continue to work with Inova and Aegis. McLean Plaza is one of the premier buildings in McLean, within walking distance of many restaurants and stores."

Bill Singer, Principal with Kenwood, added, "When we purchased McLean Plaza in 2021, our vision was to retain existing tenants and to grow the medical tenancy. With overall occupancy of 90% and medical occupancy of 59%, we are meeting our acquisition targets."

About Kenwood Management

Kenwood Management is a privately held commercial real estate investment and property management firm headquartered in Bethesda, Maryland. The company owns and operates a diverse portfolio totaling 1.4 million square feet across the Washington, DC, and Baltimore metropolitan areas. Kenwood specializes in acquiring, repositioning, and managing office, medical, and industrial properties.

What sets Kenwood apart is its long-term, tenant-focused approach to property ownership. The company prioritizes stable, lasting relationships with tenants and investors, ensuring high retention rates and consistent property performance. Kenwood employs a private equity investment model in which its principals invest 10-20% of the required equity, with the remaining capital raised from a network of outside investors. This aligned interest ensures that Kenwood's success is directly tied to its investors' success.

If interested in learning more about the real estate investing platform, www.kenwoodmgt.com [https://www.kenwoodmgt.com/?utm_campaign=13198605-%5BPress%20Release%5D%20Completes%20Two%20Lease%20Renewals%20Totaling%207%2C115%20SF%20at%20Its%20McLean%2C%20VA%20Medical%20Office%20Building&utm_source=PR_Marketing].
Media Contact
Company Name: Kenwood Management Company
Contact Person: Bill Singer
Email: Send Email [http://www.universalpressrelease.com/?pr=kenwood-management-secures-7115-sf-in-lease-renewals-at-mclean-medical-office-building]
Country: United States
Website: https://www.kenwoodmgt.com/

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This release was published on openPR.