Matan Companies Sells Former Kane / Office Movers Headquarters
Elkridge, MD – May 15, 2017. Matan Companies announced today that it has sold its commercial property located at 6500 Kane Way in Elkridge, MD. The 81,795 square foot warehouse was sold on May 10th.
Acquired by Matan in December of 2004, the property was the former headquarters of the Kane Company, one of the nation’s largest commercial movers, who filed for bankruptcy and vacated the space in late 2016. The property features 62,115 square feet of warehouse space with 36’ clear ceiling height and an additional 19,680 square feet of office space.
“The Kane building was a unique asset with its highly desirable location and prime visibility along the I-95 corridor,” said Dan Milligan, Finance Manager for Matan Companies. “After owning the property for almost 15 years, the strong industrial market makes this the perfect time to sell.”
About Matan Companies
Matan Companies, headquartered in Frederick, Maryland, is a trusted investment manager, owner, developer and operator of industrial, office, retail and multifamily real estate. Founded over 40 years ago on the principle of providing a comprehensive, full service, hands on approach, the firms’ focus is on strategic investment, development and management in opportunistic suburban markets. Since inception, the company has directed and invested over $3 billion in real estate transactions in the greater Washington, D.C. metropolitan area. Matan’s current portfolio consists of 6 million square feet of industrial and office assets, and 2 million square feet in the development pipeline. In addition, the company has several active residential PUD’s and a multi-family portfolio.