{"id":1004182340,"date":"2017-06-28T06:50:32","date_gmt":"2017-06-28T14:50:32","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004182340"},"modified":"2022-12-08T14:36:28","modified_gmt":"2022-12-08T22:36:28","slug":"medical-company-relocates-hq-from-nova-to-baltimore","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/medical-company-relocates-hq-from-nova-to-baltimore\/","title":{"rendered":"Medical Company Relocates HQ From NoVa to Baltimore"},"content":{"rendered":"<p><em>By Bogdan Odagescu, Associate Editor<\/em><\/p>\n<div id=\"attachment_1004182342\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/06\/1100-Wicomico-St.-in-Baltimore.jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004182342\" data-attachment-id=\"1004182342\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/medical-company-relocates-hq-from-nova-to-baltimore\/1100-wicomico-st-in-baltimore\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/06\/1100-Wicomico-St.-in-Baltimore.jpg\" data-orig-size=\"640,512\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"1100 Wicomico St. in Baltimore\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;1100 Wicomico St. in Baltimore&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/06\/1100-Wicomico-St.-in-Baltimore.jpg?w=640\" class=\"wp-image-1004182342 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/06\/1100-Wicomico-St.-in-Baltimore.jpg\" alt=\"1100 Wicomico St. in Baltimore\" width=\"300\" height=\"240\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/06\/1100-Wicomico-St.-in-Baltimore.jpg 640w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/06\/1100-Wicomico-St.-in-Baltimore.jpg?resize=300,240 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004182342\" class=\"wp-caption-text\">1100 Wicomico St. in Baltimore<\/p><\/div>\n<p>Medicinal botanical company Vitreon America Inc. is moving its headquarters from Northern Virginia to Baltimore. The firm\u00a0currently occupies\u00a05,000 square feet of office space at\u00a01100 Wicomico St. in Pigtown and is subleasing\u2014for the time being\u2014from Baltimore BioWorks, <em>SouthBmore.com<\/em> reports.<\/p>\n<p>Vitreon plans to\u00a0invest $6.5 million in its new HQ\u00a0and research and development facility, while also creating some 200 jobs over the next five years. The company also plans to establish its laboratory, research center and grow zones in the area, targeting a total of roughly 200,000 square feet of space across the metro area.<\/p>\n<h2>The New HQ<\/h2>\n<p>The eight-story 1100 Wicomico St. was built in 1900 and completely renovated in 2011 by its current owner, Bernstein Management. According to Yardi Matrix data, the property offers 336,932 square feet of office space and Lee &amp; Associates is in charge of leasing. The asset last traded in 2007, when Rhodes Development sold it for $5.8 million.<\/p>\n<h2>Further Insight<\/h2>\n<p>According to the office of Maryland Governor Larry Hogan, Vitreon is eligible for Job Creation Tax Credit and One Maryland Tax Credit. At the same time, Vitreon will continue to work with the Maryland Department of Commerce and the Baltimore Development Corp. on its relocation project.<\/p>\n<p><em>Image courtesy of Yardi Matrix<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The company plans to invest $6.5 million in the Pigtown headquarters and research and development facility. The firm&#8217;s new base is owned by Bernstein Management.<\/p>\n","protected":false},"author":740,"featured_media":1004182342,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1579,21784,21743,11,21742,21747],"tags":[36463,35447,32762],"class_list":["post-1004182340","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-baltimore","category-brokerage","category-deals","category-midatlantic","category-latest","category-office","tag-bernstein-management-corporation","tag-governor-larry-hogan","tag-lee-associates"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Medical Company Relocates HQ From NoVa to Baltimore - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/medical-company-relocates-hq-from-nova-to-baltimore\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Medical Company Relocates HQ From NoVa to Baltimore\" \/>\n<meta property=\"og:description\" content=\"The company plans to invest $6.5 million in the Pigtown headquarters and research and development facility. The firm&#039;s new base is owned by Bernstein Management.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/medical-company-relocates-hq-from-nova-to-baltimore\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2017-06-28T14:50:32+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-08T22:36:28+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/06\/1100-Wicomico-St.-in-Baltimore.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"640\" \/>\n\t<meta property=\"og:image:height\" content=\"512\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Bogdan Odagescu\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/medical-company-relocates-hq-from-nova-to-baltimore\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/medical-company-relocates-hq-from-nova-to-baltimore\\\/\"},\"author\":{\"name\":\"Bogdan Odagescu\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/b496539dc21c086e1deff9b417453162\"},\"headline\":\"Medical Company Relocates HQ From NoVa to Baltimore\",\"datePublished\":\"2017-06-28T14:50:32+00:00\",\"dateModified\":\"2022-12-08T22:36:28+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/medical-company-relocates-hq-from-nova-to-baltimore\\\/\"},\"wordCount\":226,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/medical-company-relocates-hq-from-nova-to-baltimore\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2017\\\/06\\\/1100-Wicomico-St.-in-Baltimore.jpg\",\"keywords\":[\"Bernstein Management Corporation\",\"Governor Larry Hogan\",\"Lee &amp; 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