Thomas Park announced the acquisition of The Loughlin Management Group, an Annapolis-based third-party commercial property management company. The Loughlin Management Group will now operate as Thomas Park Management. The deal includes a 50% interest in KLNB Management.
Thomas Park Management currently manages over eight million square feet comprising two hundred commercial properties including medical office, industrial, flex, office, and retail in Maryland, Virginia, North Carolina, Pennsylvania, New Jersey, and Massachusetts.
“Providing third party management services has been on Thomas Park’s roadmap for over a year, and now we’ve entered the space with a splash as one of the largest firms in the region,” says Thomas Park CEO EJ Rumpke. “We are excited to work with KLNB and grow our footprint further on the East Coast and beyond.”
Since acquiring the business in November 2022, Thomas Park has hired three new property managers to service its growing book of business. Thomas Park, now a team of 70 people, will move into a new 14,000 square foot headquarters at the Annapolis Towne Center in March 2023.
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About Thomas Park
Founded in 2019, Thomas Park is a full service commercial real estate firm offering alternative investment strategies and third party commercial real estate services throughout the East Coast. Headquartered in Annapolis, Maryland with three satellite offices, Thomas Park manages over eight million square feet of commercial real estate and owns over $200 million of health care real estate. For more information, contact us.