FOR IMMEDIATE RELEASE
Liberty Group Holdings Closes on 2112-14 Maryland Avenue
New York,. NY, December 20, 2016
Liberty Group Holdings, LLC, on behalf of an investor group, has closed on the purchase of 2112-14 Maryland Avenue, Baltimore, MD ("Property"). The Property is an 8,600 sf building with ten residential units and 4,200 sf of commercial and warehouse space. The Property will undergo a revitalization project including custom new front wood windows painted steel grey, a new roof and common area upgrades including new carpet, paint and the addition of a coin operated laundry set up. A key piece of the future operations of the Property hinged on pre-closing lease negotiations with the existing commercial tenants. Several days prior to closing, both executed lease extensions to keep them in-place for four and five years, respectively, securing a place to conduct business while the neighborhood around them continues to elevate.
The Property is located in Old Goucher, two blocks north of North Avenue. The area is witnessing strong revitalization after the population dwindled and suffered from disinvestment over the years. Red Emma's coffee shop has attracted a young clientele to the area while Maryland Institute College of Art continues their expansion and improvement of the surrounding area. Further north, R.House recently opened in Remington creating a food hall and gathering spot for the neighborhood and Hopkins students. It is the opinion of Liberty Group Holdings, LLC that Station North and Remington will continue to expand creating a benefit to Old Goucher and the Property.
The Property is managed by Bay Management Group. For residential leasing inquiries, please contact Patrick Heffernan:
Patrick Heffernan | firstname.lastname@example.org | (443) 630-9494
About Liberty Group Holdings
Led by Andrew Cohn and based in New York City, Liberty Group Holdings is a boutique real estate investment, development and market research firm focused on the multifamily, retail and mixed use space in Baltimore City and greater Baltimore County. LGH employs a long term approach with an eye on major improvements resulting in strong cash flows and long term value creation for our partners, residents, and surrounding communities. For more information please visit www.libertygroupholdings.com.