{"id":1004241275,"date":"2018-07-10T03:03:11","date_gmt":"2018-07-10T11:03:11","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004241275"},"modified":"2022-12-08T16:49:02","modified_gmt":"2022-12-09T00:49:02","slug":"klein-enterprises-expands-baltimore-office-footprint","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/klein-enterprises-expands-baltimore-office-footprint\/","title":{"rendered":"Klein Enterprises Expands Baltimore Office Footprint"},"content":{"rendered":"<p><em>By Scott Baltic, Contributing Editor <\/em><\/p>\n<div id=\"attachment_1004241323\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/07\/7152-Windsor-Blvd..jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004241323\" data-attachment-id=\"1004241323\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/klein-enterprises-expands-baltimore-office-footprint\/7152-windsor-blvd\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/07\/7152-Windsor-Blvd..jpg\" data-orig-size=\"640,512\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"7152 Windsor Blvd.\" data-image-description=\"&lt;p&gt;7152 Windsor Blvd&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;7152 Windsor Blvd.&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/07\/7152-Windsor-Blvd..jpg?w=640\" class=\"wp-image-1004241323 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/07\/7152-Windsor-Blvd..jpg\" alt=\"7152 Windsor Blvd\" width=\"300\" height=\"240\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/07\/7152-Windsor-Blvd..jpg 640w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/07\/7152-Windsor-Blvd..jpg?resize=300,240 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004241323\" class=\"wp-caption-text\">7152 Windsor Blvd.<\/p><\/div>\n<p>Through an affiliate, Klein Enterprises has purchased 7152 Windsor Blvd. in Rutherford Business Park, which is part of Baltimore&#8217;s Windsor Mill, Md., submarket. The acquisition reportedly boosts the locally based company\u2019s commercial portfolio to more than 2.1 million square feet.<\/p>\n<p>The 57,855-square-foot, single-story office building is fully leased by Leidos Innovations Corp., a subsidiary of defense contractor Leidos (formerly known as SAIC), through February 2023. Leidos operates two federal government contracts at the property, supporting Social Security Administration and Internal Revenue Service joint programs.<\/p>\n<p>\u201c<em>The addition of 7152 Windsor is consistent with our strategy to expand our commercial portfolio<\/em>,\u201d Daniel Klein, president of Klein Enterprises, said in a prepared statement. \u201c<em>We remain focused on acquiring well-located, quality properties such as 7152 Windsor, which contribute to the increasing strength and diversification of both our commercial asset base, as well as our entire portfolio<\/em>.\u201d<\/p>\n<p>The seller was CSG Partners, also of Baltimore, which had purchased the building from Corporate Office Properties Trust in late 2011, in a $32.5 million portfolio sale, according to information provided by Yardi Matrix. The Class C building was completed in 1986 in the unincorporated community of Gwynn Oak, Md.<\/p>\n<p>Financials on the deal were not disclosed. Neither Klein Enterprises nor CSG Partners replied to <em>Commercial Property Executive<\/em>\u2019s requests for additional information.<\/p>\n<h2>A metro facing uncertainty<\/h2>\n<p>At least from the standpoint of job growth, Baltimore\u2019s economy is doing passably, according to a first-quarter report from <a href=\"https:\/\/www.commercialsearch.com\/news\/mackenzie-inks-39-ksf-in-suburban-dc\/\">Mackenzie Commercial Real Estate Services<\/a>. It notes that the latest figures indicate that education and health services have led job creation, and that the Port of Baltimore continues to be a mainstay of the metro&#8217;s economy, though a full-on trade war could undermine even the port.<\/p>\n<p>The office market in the Baltimore County West submarket has an average direct vacancy of 12.0 percent and modest absorption. The weighted average asking rent is $20.61, having risen slightly over the past couple of quarters, per the Mackenzie report.<\/p>\n<p><em>Image courtesy of Yardi Matrix <\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The company has acquired 7152 Windsor Blvd., a 57,855-square-foot, 1980s vintage building in Rutherford Business Park, boosting its commercial portfolio to more than 2.1 million square feet. <\/p>\n","protected":false},"author":882,"featured_media":1004241323,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1579,21743,21808,21783,11,21742,21747],"tags":[34076,41045,37352,38652,35514],"class_list":["post-1004241275","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-baltimore","category-deals","category-featured","category-investment","category-midatlantic","category-latest","category-office","tag-corporate-office-properties-trust","tag-csg-partners-llc","tag-internal-revenue-service","tag-klein-enterprises","tag-mackenzie-commercial-real-estate-services"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Klein Enterprises Expands Baltimore Office Footprint - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/klein-enterprises-expands-baltimore-office-footprint\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Klein Enterprises Expands Baltimore Office Footprint\" \/>\n<meta property=\"og:description\" content=\"The company has acquired 7152 Windsor Blvd., a 57,855-square-foot, 1980s vintage building in Rutherford Business Park, boosting its commercial portfolio to more than 2.1 million square feet.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/klein-enterprises-expands-baltimore-office-footprint\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2018-07-10T11:03:11+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T00:49:02+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/07\/7152-Windsor-Blvd..jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"640\" \/>\n\t<meta property=\"og:image:height\" content=\"512\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Scott Baltic\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/klein-enterprises-expands-baltimore-office-footprint\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/klein-enterprises-expands-baltimore-office-footprint\/\",\"name\":\"Klein Enterprises Expands Baltimore Office Footprint - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/klein-enterprises-expands-baltimore-office-footprint\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/klein-enterprises-expands-baltimore-office-footprint\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/07\/7152-Windsor-Blvd..jpg\",\"datePublished\":\"2018-07-10T11:03:11+00:00\",\"dateModified\":\"2022-12-09T00:49:02+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/61ac1450f3ffaa0e850b834c28526555\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/klein-enterprises-expands-baltimore-office-footprint\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/klein-enterprises-expands-baltimore-office-footprint\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/klein-enterprises-expands-baltimore-office-footprint\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/07\/7152-Windsor-Blvd..jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/07\/7152-Windsor-Blvd..jpg\",\"width\":640,\"height\":512,\"caption\":\"7152 Windsor Blvd.\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/klein-enterprises-expands-baltimore-office-footprint\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Klein Enterprises Expands Baltimore Office Footprint\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/61ac1450f3ffaa0e850b834c28526555\",\"name\":\"Scott Baltic\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/06\/Scott.jpg?w=96\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/06\/Scott.jpg?w=96\",\"caption\":\"Scott Baltic\"},\"description\":\"Scott Baltic has been a contributing editor with Commercial Property Executive since 2011 and also wrote for its predecessor, Commercial Property News. He started writing about CRE in 1988 for a group of Chicago-based publications and in 1989 became the editor of Midwest Real Estate News. After moving on from there in 1991, Baltic continued writing occasionally about real estate, for publications like the Chicago Sun-Times, National Real Estate Investor, Urban Land, Shopping Center World and Architect\u2019s Newspaper. He earned a master\u2019s in journalism from Northwestern University\u2019s Medill School of Journalism and has a bachelor\u2019s from North Park University.\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/scott-baltic\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Klein Enterprises Expands Baltimore Office Footprint - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/klein-enterprises-expands-baltimore-office-footprint\/","og_locale":"en_US","og_type":"article","og_title":"Klein Enterprises Expands Baltimore Office Footprint","og_description":"The company has acquired 7152 Windsor Blvd., a 57,855-square-foot, 1980s vintage building in Rutherford Business Park, boosting its commercial portfolio to more than 2.1 million square feet.","og_url":"https:\/\/www.commercialsearch.com\/news\/klein-enterprises-expands-baltimore-office-footprint\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2018-07-10T11:03:11+00:00","article_modified_time":"2022-12-09T00:49:02+00:00","og_image":[{"width":640,"height":512,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/07\/7152-Windsor-Blvd..jpg","type":"image\/jpeg"}],"author":"Scott Baltic","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/klein-enterprises-expands-baltimore-office-footprint\/","url":"https:\/\/www.commercialsearch.com\/news\/klein-enterprises-expands-baltimore-office-footprint\/","name":"Klein Enterprises Expands Baltimore Office Footprint - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/klein-enterprises-expands-baltimore-office-footprint\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/klein-enterprises-expands-baltimore-office-footprint\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/07\/7152-Windsor-Blvd..jpg","datePublished":"2018-07-10T11:03:11+00:00","dateModified":"2022-12-09T00:49:02+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/61ac1450f3ffaa0e850b834c28526555"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/klein-enterprises-expands-baltimore-office-footprint\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/klein-enterprises-expands-baltimore-office-footprint\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/klein-enterprises-expands-baltimore-office-footprint\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/07\/7152-Windsor-Blvd..jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/07\/7152-Windsor-Blvd..jpg","width":640,"height":512,"caption":"7152 Windsor Blvd."},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/klein-enterprises-expands-baltimore-office-footprint\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Klein Enterprises Expands Baltimore Office Footprint"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/61ac1450f3ffaa0e850b834c28526555","name":"Scott Baltic","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/06\/Scott.jpg?w=96","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/06\/Scott.jpg?w=96","caption":"Scott Baltic"},"description":"Scott Baltic has been a contributing editor with Commercial Property Executive since 2011 and also wrote for its predecessor, Commercial Property News. He started writing about CRE in 1988 for a group of Chicago-based publications and in 1989 became the editor of Midwest Real Estate News. After moving on from there in 1991, Baltic continued writing occasionally about real estate, for publications like the Chicago Sun-Times, National Real Estate Investor, Urban Land, Shopping Center World and Architect\u2019s Newspaper. He earned a master\u2019s in journalism from Northwestern University\u2019s Medill School of Journalism and has a bachelor\u2019s from North Park University.","url":"https:\/\/www.commercialsearch.com\/news\/author\/scott-baltic\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/07\/7152-Windsor-Blvd..jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004241275","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/882"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004241275"}],"version-history":[{"count":1,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004241275\/revisions"}],"predecessor-version":[{"id":1004241326,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004241275\/revisions\/1004241326"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004241323"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004241275"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004241275"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004241275"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}