August 27, 2020
Presented by the Frederick County Office of Economic Development, the Frederick Real Estate Dealmakers (FRED) Awards honors the most successful real estate transactions and projects of 2019 – and the people who made them happen. Thank you to our generous sponsors for making this event possible.
SPONSORS Fred Champion
MOST CREATIVE DEAL FRED FINALISTS
This deal could not have happened without the creativity, experience, perseverance, ingenuity and flexibility of the broker, developer, owner and/or landlord working on it. Silo Hill Car Wash repurposed for Dunkin Donuts Address: 103 Silo Hill Parkway, Emmitsburg, MD 21727 Size: 3,000 square foot facility on .80 acres Description: What started out as a business asset only sale, successfully grew into a multi-party project that repurposed a former car wash site into a brand new Dunkin Donuts. This project involved creative problem solving and deal making and will ultimately bring 10+ jobs to Emmitsburg. Key Players: Tony “C” Checchia, VCRE, Seller Rep; Thomas Mueller, Mueller Commercial Realty, Buyer Rep; Noel Manalo, Miles & Stockbridge, Seller Rep; Robert Kresslein, Offit Kurman, Buyer Rep
Goodwill Industries & Veteran's Services Project Address: 8411 & 8421 Broadband Drive, Frederick, MD 21701 Size: 72,680 square feet Description: Part of a larger expansion of Riverside Tech Park, this sale and lease project involves a partnership that will see not only the addition of the Goodwill administrative offices and a store, but the addition of a veteran’s service center to provide critical services. Key Players: Danny Foit, St.John Properties, Purchaser Rep; Julian Etches, Joseph Donegan, Scheer Partners, Tenant Rep; Danny & Jen Farrar, Platoon 22, Tenant; Michael H. Meyer, Goodwill Industries of Monocacy Valley, Tenant
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MOST CREATIVE DEAL FRED FINALISTS
Warehouse Cinemas Address: 1301 W. Patrick Street, Frederick, MD 21702 Size: 18.31 acres Description: The Warehouse Cinemas project features the renovation of a former cinema space in a vacant shopping center along the Golden Mile. This project adds exciting elements to the traditional cinema experience and represents great community partnerships with local breweries and distilleries. Key Players: Tony Checchia, VCRE, Tenant Rep; Coldwell Banker Commercial, Landlord Rep; Rich Daughtridge, Greg Mills, HighRock Group, Owner
MOST VALUABLE PARTNER
The Most Valuable Partner shares a vision of excellence. The MVP works together to provide exceptional and highly responsive solutions within their organizations and shares our commitment to outstanding customer service.
MODERN MASTERPIECE AWARD FRED FINALISTS
Renovation and rehabilitation of old buildings presents unique challenges. Whether a historic structure that contributes to downtown revitalization, or re-positioning an obsolete office/industrial property to fill a significant vacancy, this award goes to the best rehab/renovation deal in Frederick County. 46 S Market St & 56-70 S Market St Address: 46 S Market St, 56-70 S Market St, Frederick, MD 21701 Size: 7,800 square feet Description: After a lengthy period of vacancy, these two properties are under new ownership and development plans for restaurant, retail and apartments uses. The .5 acre site encompasses 7,800 square feet of property at a prime location. Key Players: Transportation Management Services, Buyer; Chris Kline, Jr., Frederick Commercial Real Estate, Buyer Rep; Joseph Donegan, Scheer Partners, Seller Rep; Ralph Kline, Seller
The Bottling Plant Address: 1705-1707 N Market St, Frederick, MD 21701 Size: 114,590 square feet Description: The revitalization of the Coca-Cola plant transformed an abandoned structure into a vibrant mixed-use development while preserving the existing facade. The resulting development includes nearly 115,000 sf of residential space and over 9,000 square feet of retail space and pays tribute to the city’s local history and industrial roots as it integrates its past with its future. Key Players: K. David Meit, Oculus Realty LLC, Owner/Property Manager; Tricia Beisler, Catoctin Overlook LLC, Owner/Developer; Jeff Gross, Brick Lane,Owner/ Developer, Richard Conrath, GTM Architects, Architect; Jeff Klutzz & Bryan Adgate, Morgan-Keller Construction, General Contractor; Seth Glinski, ReVite Construction Management, Construction Manager
EMERGING DEALMAKER OF THE YEAR FRED FINALISTS
The Emerging Dealmaker of the Year award recognizes real estate professionals under 40 who shine as rising stars in the industry. Nominees for this award can be considered for a variety of reasons, including total number of transactions, total square footage leased, and/or total value of transactions in Frederick County, as well as significant professional achievements, how the individual is giving back to the Frederick. Ashleigh Kiggans, MacRo Ltd Ashleigh continues to display a strong work ethic and strong leadership for the Frederick community. During 2019 she worked on a number of unique development and sales/lease deals for a value of $12.2 million. She served as Board President at Federated Charities, was elected to the Frederick County Association of Realtors Board of Directors and Mental Health Association of Frederick County Board of Directors.
Chris Kline Jr., Frederick Commercial Real Estate Chris Kline Jr. started his own firm in 2019 and hit the ground running. He is an active member of Rotary Club of Carroll Creek, on the Downtown Frederick Partnership Board, Heartly House Board, President of East Frederick Rising, and a “Big Brother� mentor for many years. In 2019 he completed multiple transactions with a value over $13 million.
Justin Saltzman, VCRE Justin Saltzman serves as both the Business Development Manager and a Sales Associate at VCRE.Co. He is a life-long resident of Frederick County and an active member of the Rotary Club of Frederick serving as President Elect. In 2019 he secured 16 leases totaling 32,800 square feet of space and completed transactions that value at $2.7 million.
DEALMAKER OF THE YEAR FRED FINALISTS
Nominees for Dealmaker of the Year can be considered for a variety of reasons, including total number of transactions, total square footage leased, and total value of transactions in Frederick County; how the individual is giving back to the Frederick County community, or other factors that make the individual outstanding in 2019. Ken Breen, Clagett Enterprises Ken joined Clagett Enterprises in 2012 and has been in commercial real estate sales for over 25 years, 19 of which have been as an Associate Broker. Ken has extensive experience in selling and leasing commercial buildings, as well as development and consulting. His expert knowledge and experience in commercial real estate has earned him award recognition with the Frederick County Office of Economic Development as a Frederick Real Estate Deal Makers with the Most Creative Deal for the Float Frederick Project in 2017 and the Most Creative Deal for Wilcoxon Sensing Technologies Project in 2019.
Seamus Fitzgerald, Fitzgerald Realty Group, Inc. Seamus has strong roots in the Frederick community. As Executive Vice President, Seamus has been an integral part of the Fitzgerald Realty Group’s success for the past 15 years. Seamus has deep experience in commercial sales and leasing, real estate consulting, land brokerage and development, and tenant representation. He’s negotiated scores of successful agreements across a wide array of commercial real estate assets. During 2019 Seamus completed the State Farm campus sale and 10 other deals.
DEAL OF THE YEAR FRED FINALISTS
This deal is bigger than just a real estate transaction. This is a deal that has far reaching impacts on the Frederick County community or economy based upon significant job creation, capital investment, size/square footage of project, diversification of Frederick's economy and/or community impact/revitalization. The Kroger Co. High-Tech Customer Fulfillment Center Address: 7106 Geoffrey Way, Frederick, MD 21704 Size: 700,000 square feet on 57.55 acres (350,000 square foot CFC) Description: Kroger Family of Companies purchased land in Frederick, MD to revitalize a vacant distribution facility and also construct an industry-leading High-Tech Customer Fulfillment Center (CFC). This CFC will be a key component of the seamless fulfillment ecosystem Kroger is developing for customers across the U.S. and will create 500 jobs. Key Players: Rita Williams, The Kroger Co.- Purchaser; Todd Hughes, JLL - Purchaser Rep; Kevin Kleinchester, The Whiting-Turner Contracting Company; Jeff Harbold, Providence Engineering; Michael Gesell, Bohler; Morgan Hawker, Luckett and Farley; Timothy Osborne, Paragon Engineering Services; Tim Dickinson, Ocado Solutions
Frederick Health Village Address: 1 State Farm Drive/ 1 Frederick Health Way, Frederick MD 21701 Size: 387,000 +/- square foot building on approximately 94 acres Description: This new Frederick Health Village campus will initially host Frederick Health Hospice, Frederick Health Call Center and components of the Information Technology services. Frederick Health purchased the former State Farm campus with a vision to continue developing the property over the next 10 years to make room for growth and to continue to best serve community demand and add 250 jobs. Key Players: Tom Kleinhanzl, Frederick Health, Purchaser; Jim & Seamus Fitzgerald, Fitzgerald Realty Group, Purchaser Rep; Guy Copperthite, Transwestern, Seller Rep
DEAL OF THE YEAR FRED FINALISTS
River Run Address: 8411 to 8435 Broadband Drive, Frederick, MD 21701 Size: 18.31 acres Description: Located in the northeast corner of the City of Frederick, this 18-acre parcel development is a mixed-use site. The transaction included a land sale to Rutter’s and an executed lease with Goodwill Industries of Monocacy Valley. Key Players: Norman Suss, Chesapeake Realty Partners, Seller Rep; Tim Rutter, M&G Realty, Purchaser Rep; Rocky Mackintosh & Ashleigh Kiggans, MacRo, Ltd. Landlord Rep; Bryan Davis, Ray Schupp & Spencer Ward, H & R Retail - Broker Rep – Rutter’s ; Joe Donegan & Julian Etches, Scheer Partners – Tenant Rep for Goodwill Industries; Danny Severn, St. John Properties, Purchaser Rep
LIFETIME ACHIEVEMENT AWARD
The recipient of the Lifetime Achievement Award has an incredible amount of industry knowledge, experience and passion for Frederick County. In addition to a long and commendable career in commercial real estate, this individual has given back to the Frederick community in many ways both personally & professionally.