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.

SVN | Miller Commercial Real Estate is a regional firm specializing in commercial real estate, providing advisory, brokerage, consultation, leasing, and asset & property management services to clients in the Mid-Atlantic Region. (#SVNgivesback) The firm’s unique Shared Valued Network reflects its commitment to transparency, innovation, and inclusivity enabling collaboration with the entire commercial real estate industry for the benefit of clients and community.

SVN | Miller is an Accredited Management Organization® (AMO), boasting a team of dedicated professionals with market-leading knowledge and expertise including Certified Property Managers® (CPM®), Certified Commercial Investment Members (CCIM), and members of the Society of Industrial and Office Realtors (SIOR). SVN | Miller Commercial is currently ranked #6 out of 200+ international SVN® Offices. For information on how to make SVN | Miller Commercial Real Estate the key to your success, contact 410-543-2440 or visit our website www.SVNmiller.com.