Cross Stone Commons · Middletown, Maryland
Commercial property management
squareone mgmt LLC manages multi-tenant commercial real estate — neighborhood retail centers, strip centers and flex space — with the discipline of an owner and the systems of an institution.
The firm
squareone mgmt is a new beginning in property management, originating from a private family portfolio. Over a decade of property management, leasing and commercial real estate experience led to the formation of the company — and to the acquisition of its current client, Cross Stone Commons.
The company was founded on a simple conviction: management works better when the people running a property think like the people who own one. Recoverable expenses get scrutinized rather than approved. Leases get read rather than summarized. Tenants reach a decision-maker rather than a queue.
squareone operates on modern, cloud-based property management and accounting platforms, so every charge traces back to a lease provision and every reconciliation can be shown, line by line, to the tenant who pays it.
Leadership
Founder & Principal
DJ Melhi has spent a decade in commercial real estate as an investor, operator and owner's representative — building businesses on one side of the lease and managing the properties on the other.
That dual perspective is the firm's operating advantage. Having signed leases as a tenant and enforced them as a landlord, he approaches a rent roll knowing what each provision actually costs the business on the other end of it.
Acquisitions. Has led multiple commercial property acquisitions through both 1031 exchange and direct purchase, from underwriting and due diligence through settlement and takeover.
Leasing. Has negotiated and facilitated hundreds of thousands of dollars in commercial lease transactions across retail and flex product.
Operating experience. Founded and operates retail businesses in his own right — payroll, licensing, vendors, point of sale and the rest of it.
Asset management. Lease administration and CAM recovery, capital and restoration projects, property tax appeals, insurance claims, permitting and entitlement matters, and lender covenant reporting.
Governance. Has held leadership roles in the nonprofit sector.
What we do
Abstracting, rent rolls, escalation schedules, options and critical dates tracked against the executed document — not a summary of it.
Monthly base rent and triple-net invoicing, tenant portal and online payments, receivables monitoring and delinquency management.
Operating expense pools, pro rata shares, caps and collars, annual reconciliation, and the tenant correspondence that explains it.
Landscaping, snow removal, sweeping, trash, fire protection and life safety — competitively bid, contracted, and held to scope.
Integrated property and general ledger accounting, budgeting, owner reporting and lender covenant compliance.
Tenant certificates of insurance, additional-insured requirements, estoppels and subordination agreements, and claims coordination.
Repairs, tenant improvements and restoration work — scoped, contracted, insured and supervised through completion.
A direct line to the landlord. Requests handled by the people who can actually decide them.
Portfolio
100 & 200 Middletown Parkway · Middletown, Frederick County, Maryland
Contact
Correspondence regarding any property under squareone management — maintenance requests, certificates of insurance, invoices and lease matters — should be directed to the office.
dj@squareonemgmtllc.com