Our Mission is to Transform the Landscape
Preston Scheffenacker Properties is a real estate development company that has been a driving force behind commercial and residential real estate growth and development in Maryland for over a century. The family-owned company has maintained a proven strategic plan - know your market, acquire properties in close proximity to commercial transportation and create strategic solutions to increase value and mitigate risk. Our experience includes industrial build-to-suit to complex redevelopments. Through strategic acquisitions and innovative development, Preston Scheffenacker Properties has a diversified portfolio of high-performing quality assets including office, industrial, storage, and mixed-use projects such as Oxford Square.
Our Leadership
Our leadership team is comprised of experienced professionals with a deep understanding of the real estate development industry. David P. Scheffenacker, Jr. is the leader of the company, with over 30 years of experience in real estate development. The company's success is a testament to their expertise, paired with a commitment to leveraging the company's history and reputation to drive strategic growth and value creation.
Our Strategy
For the last eleven years, we have focused on acquiring excess land in the Baltimore-Washington Corridor with zoning to include industrial, office, residential, and self-storage facilities. Because the market is constrained by size, developers often find sub-sets side by side with the opportunity for re-zoning or repositioning much more feasible. An excellent example of this type of re-zoning is our Oxford Square project.
Oxford Square was successfully re-zoned from industrial to what is called a Transit-Oriented residential development (Live, Work & Play Community) in Howard County, Maryland. Today, the development in Maryland continues to be limited by land supply in other ways which can be less obvious. An example is the "The Storm Water Management" requirement designed to protect the Chesapeake Bay. By restricting new development, the assumption is that the impact on the Bay will preserve Maryland's natural resources.
Our Expertise
We have extensive experience in the real estate development industry, with a portfolio that includes industrial, office, residential, and mixed-use projects. Our expertise spans from vacant land acquisition to complex redevelopments. We have a deep understanding of the local market and have developed a reputation for delivering high-quality projects that meet the needs of our clients.
Our Portfolio
Our portfolio includes a variety of projects, including office buildings, industrial facilities, self-storage centers, and mixed-use developments. Some of our notable projects include Oxford Square, a Transit-Oriented Development in Howard County, Maryland, and Dartmoor Apartments, a residential project in Oxford Square.
Conclusion
Preston Scheffenacker Properties is committed to continued growth and success in the real estate development industry. With a rich history, a talented team of professionals, and a focus on delivering high-quality projects, we are well-positioned to continue delivering value to our clients and partners.
