MARCH 2025, SALISBURY, MD – In the summer of 2023, SVN | Miller Commercial Real Estate Managing Director, Rick Tilghman, CCIM, CPM and Senior Advisor, Andy Ball successfully sold Philmore Commons, a 40,000 square foot office building at 224 Phillip Morris Drive, for $2,690,000. The buyer – an investor from Brooklyn, NY – secured the property through a 1031 Exchange, stepping into a significant value-add opportunity.
With 37,000 square feet of vacant office space and deferred maintenance, the building needed a fresh approach. Ball continued as the Property Manager and Leasing Agent. He also teamed up with Associate Advisor, Dylan Mezick, to aggressively market the property. With a team approach, they found multiple complimentary tenants.
Under new ownership, a fresh vision and strategic investment unlocked the property’s potential, enhancing its functionality and long-term value.
The new tenants include Smiley Pediatrics Speech Therapy, Dr. Surrinder Kapoor, Catherine Beers, LCSW, Greenlake Health Adult Medical Daycare, Second Chance Behavioral Health, MRG Exams, and a 6,000 square foot daycare with Dr. Amy Stewart.
Owner, Levi Chein said, “I love to purchase assets with value add. It feels like I am giving back to the community, and I get rewarded for it when I’m done. Andy and Dylan were extremely efficient in turning Philmore Commons from a desolate building into a beautiful, thriving 40,000 square foot community.”
From vacancy to vitality, this deal highlights the power of collaboration, market expertise, and a strong vision.
If you would like to speak with Andy Ball or Dylan Mezick, call 410-543-2440 or email andy.ball@svn.com or dylan.mezick@svn.com.
