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Portugal Street was JBL’s first multi-unit
deal and taught the team the importance of internal controls and processes
in achieving a successful outcome. The street was arguably the worst street
in Fells Point. All of the homes were subpar rental properties–all two
bedroom with one bath, some with no central heating or air conditioning.
The company’s goal was to buy, stabilize, and renovate the units over a
two-year period...
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Pinkney Manor was JBL’s first
“unloved” apartment complex. It was purchased from a slumlord that had
allowed the building to deteriorate and had developed adversarial relationships
with most of the tenants. JBL paid $530,000 for the building...
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The Bell Foundry is
located on Calvert Street in the Station North Arts and Entertainment district,
the epicenter of Baltimore. Strategically located near I-83, Pennsylvania
Station, and all major bus routes, this transit-oriented site’s immediate
past use was an auto shop/used tire shop...
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JBL’s initial foray into the real
estate market was to purchase “unloved” single family rental properties,
renovate the houses, rent each one for at least a year, and then sell the
properties. Within the first year, the company acquired twenty properties,
including Portugal Street. JBL concentrated acquisition efforts for property
particularly in Hampden and Towson...
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JBL finds neighborhoods in
the city where retail development has not followed the recent curve of
residential development. Our goal is to reinvigorate previously known commercial
corridors or to follow the lead of vibrant neighborhoods creating new retail
opportunities...
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College crossing
is an eleven thousand (11,000) Square foot mixed use development located
at 5305 East Drive in Arbutus, Baltimore County. Located only minutes from
UMBC and BCC and less than 1 mile from the Beltway, I95 and Route 1, College
Crossing offers a true retailing opportunity.
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Now leasing Shops in Hampden!
Available for move in Winter 2010! This beautiful new 2 story, 8600 square
foot building with parking is unique to this historic neighborhood. 20,000
cars pass a day. 2 easy blocks to "the Avenue" one of Baltimore's
premier shopping areas. Hampden was voted "Best Shopping Neighborhood" by
Baltimore Magazine. Enjoy the convenience, location, and demographics that
only Hampden can provide.
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