Baltimore
Developers Plan Two New Office Projects in Baltimore
Developers plan to start work on two new office projects in Baltimore. Cross Street Partners and Merritt Properties LLC intend to bring almost 140,000 square feet of office space to the region.
Armada Hoffler Buys Two Maryland Retail Centers for $20M
Armada Hoffler Properties, Inc. is expanding its Maryland portfolio. The Virginia Beach-based real estate company has recently closed on the acquisition of two grocery anchored retail centers located in Perry Hall and Hagerstown. The total purchase price was $20.2 million.
Odenton Industrial Building Sells for $11.3M
Agellan Commercial Real Estate Investment Trust is selling one of its properties in Greater Baltimore. The REIT said earlier this month that a third-party purchased has agreed to buy its single-tenant industrial building at 8271 Anderson Court in Odenton. The sale price is approximately $11.3 million.
Maple Lawn Office Building Earns LEED Gold Certification
St. John Properties, Inc. announced on April 8 that its four-story Class ”A” office building at 8135 Maple Lawn Boulevard has earned a LEED Gold certification from the Maryland Chapter of the United States Green Building Council. The property was constructed by St. John Properties in a joint partnership with Greenebaum Enterprises, Inc.
JV Buys 383-Unit Towson Apartment Community for $44.2M
Morgan Properties has made another large multifamily purchase in the Greater Baltimore area. In a joint venture with DRA Advisors LLC of New York, the King of Prussia-based company has now acquired the The Colony at Kenilworth, an apartment community located in Towson.
AEROLAB Signs Lease for 19KSF in the Baltimore Washington Corridor
Prologis, Inc. has added another tenant to the the Baltimore Washington Industrial Park, in Jessup. AEROLAB, a custom wind tunnel design and manufacturing company, has signed a lease for 19,155 square feet of space at 8291 Patuxent Range Road, bringing the building’s occupancy to 100 percent.
New Master Plan will Create a More Bike-Friendly Baltimore
Just like neighboring Washington, D.C., the city of Baltimore is also doing its best to become greener and healthier. At the end of March, the city has adopted a new Bike Master Plan, which will help it expand its network of biking facilities and become more bicycle-friendly.
LifeBridge Health to Invest $250M in Westminster’s Carroll Hospital Center
Last November, LifeBridge Health announced its plans to acquire the Carroll Hospital Center. A few day ago, members of Carroll County Health Services Corporation, parent company of Carroll Hospital Center, voted to approve the affiliation agreement. With the signing of the final documents, Carroll Hospital Center has now become a subsidiary of LifeBridge.
C-Care Expands in the Baltimore Area
Hair and skin care product manufacturer C-Care is expanding its manufacturing operations in the Baltimore region. CAG USA, Inc., C-Care’s parent company, has recently acquired two properties in Curtis Bay and Linthicum for its subsidiary. The total cost of the two acquisitions was $6.7 million.
Armada Hoffler Properties and Beatty Development Group Break Ground on $65M Mixed-Use Project at 3200 St. Paul
On Thursday, March 26, representatives from Johns Hopkins University, Armada Hoffler Properties, and Beatty Development Group were present in Charles Village to celebrate the official groundbreaking for a new mixed-use development at 3200 St. Paul. The project, currently only referred to as 3200 St. Paul, will be officially named in the coming months.