KLNB Inc. expands into Pennsylvania

Towson-based firm merges with Harrisburg brokerage company

Commercial real estate

May 21, 1999|By Kevin L. McQuaid | Kevin L. McQuaid,SUN STAFF

KLNB Inc. announced yesterday that it has expanded into Pennsylvania, becoming the first locally owned commercial real estate brokerage and property management firm to have a presence to the north.

The Towson-based firm's entry into Pennsylvania comes as a result of a merger with Campbell Jackson-Cross Realty, a Harrisburg-based brokerage company. The new office, comprising eight real estate brokers and property managers, will be led by Arthur D. Campbell, who formed Campbell Jackson-Cross in 1996.

The office will be the fifth for KLNB, the area's largest commercial realty services firm. KLNB has 54 brokers on staff and generates sales volume of more than $700 million annually.

"Our combination with Art Campbell's group provides KLNB with an immediate foothold in the central Pennsylvania real estate industry, and allows us to take full advantage of their strong knowledge of the local market," said John P. Blumer, a KLNB executive vice president and the firm's chief operating officer.

KLNB, which was formed in 1968, maintains offices in Towson, Columbia, Calverton and McLean, Va.

In addition to real estate leasing and sales brokerage, the Harrisburg office will also be home to Corporate Realty Management, KLNB's property management subsidiary.

Corporate Realty Management, which oversees 18 million square feet of commercial space -- more than all the office space in downtown Baltimore -- is a joint venture between KLNB and Corporate Office Properties Trust.

Pub Date: 5/21/99

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