ABOUT

A Mixed-use Destination with Industrial Flair—Here in Baltimore!

Discover Yard 56 at 5601 Eastern Avenue, strategically nestled between I-95 and Eastern Avenue, directly facing the renowned Johns Hopkins Bayview Medical Campus. Formerly the Pemco manufacturing plant, the site underwent a transformative redevelopment in 2019, seamlessly blending residential, retail, and office spaces. With a prime location, Yard 56 provides a range of amenities for hospital guests, staff, and East Baltimore residents.

About the Developer

MCB logo

Founded in 2007, MCB Real Estate is a community-centric, privately-held institutional investment management firm headquartered in Baltimore, Maryland.  MCB boasts a nationwide portfolio of operating assets totaling approximately 14.5 million SF of industrial, office, retail, mixed-use, multi-family, and life sciences properties with almost 4 million SF in its development pipeline. The firm offers a seamlessly integrated suite of commercial real estate investment services, including development, construction, property management, asset management, acquisitions, and legal expertise, thus ensuring comprehensive support throughout every stage of an asset’s lifecycle. Backed by a passionate and experienced team, MCB transforms spaces into purpose-built places.

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Experience

MCB Real Estate’s managing partners formed a working relationship 15 years ago at their respective firms and decided to join forces to form their own company in 2007. MCB has developed deep industry expertise and relationships spanning the partners’ 50+ year careers across retail, office, industrial, and mixed-use asset classes. The company’s reputation and history of proven execution in the marketplace affords access to high-quality, off-market / limited competition deal flow.

MCB maintains a track record of success with institutional investment partners including, among others; Angelo Gordon, Acadia Realty Trust (NYSE: AKR), New York Common Retirement Fund, One Liberty Properties, Inc. (NYSE: OLP), Artemis Real Estate Partners, and The Hampshire Companies.

MCB has invested in transactions representing approximately $1 billion in capital and manages over 8 million square feet of commercial real estate. MCB primarily focuses on well-located retail, industrial, office and mixed-use assets where it can solve capital or asset level issues to achieve core, core/plus or value add/opportunistic returns.

Investment Philosophy

  • Buy location, not tenancy
  • Identify transactions with a degree of complexity and leverage the broad internal expertise to de-risk the transaction
  • Leverage the team’s industry relationships
  • Identify and resolve asset and entity-level issues to generate superior risk adjusted returns
  • Ensure alignment of interest throughout the organization
  • Foster and advance a culture of compliance throughout the organization
  • Conduct business with integrity and fair-mindedness

DIRECTORY

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