REBusinessOnline

Holland Properties Breaks Ground on 85,000 SF Mixed-Use Development Near Baltimore

COLUMBIA, MD. — Holland Properties has broken ground on Lakeside Center, a planned 85,000-square-foot mixed-use development in Columbia. The project will comprise 55,000 square feet of retail space and 30,000 square feet of medical and office space. The office space will be designed with COVID-19 in mind, and will include features such as touchless building entry, touchless elevators and medical-grade HVAC systems. The property will also offer a parking ratio of five spaces per 1,000 square …

Barker Steel Mid-Atlantic Signs 133,520 SF Industrial Lease in Metro Baltimore

HALETHORPE, MD. — Barker Steel Mid-Atlantic has signed a 133,520-square-foot industrial lease at 1954 Halethorpe Farms Road in Halethorpe. The landlord, Blue Ocean, acquired the historic property in 2015. The 692,492-square-foot building was once used to manufacture aircraft components during World War II. The property is located near Interstates 95 and 695, eight miles southwest of downtown Baltimore and five miles north of Baltimore/Washington International Thurgood Marshall Airport. …

MacKenzie Commercial Brokers Sale of 43,000 SF Industrial Property in Baltimore County

TIMONIUM, MD. — MacKenzie Commercial Real Estate Services LLC has brokered the sale of 1919 Greenspring Drive, a 43,000-square-foot industrial property in Timonium. The facility was originally built in 1962 and sits on 1.8 acres about 13 miles north of downtown Baltimore. The building features both dock and drive-in loading and several mezzanine areas for additional storage space. At the time of sale, the building was fully leased to tenants including Opfer Auctioneering, GSI Corp., Wood …

Federal Realty Investment Trust to Implement Program for Contactless Exchanges at its Properties

ROCKVILLE, MD. — Federal Realty Investment Trust will implement a new program dubbed The Pick-Up at its properties beginning Friday, May 15. In the midst of the COVID-19 crisis, the Rockville-based company said the program will offer a singular service across its tenants to limit physical contact. Federal Realty will introduce the new service where permitted by local jurisdictions. When a customer places an order with a retailer or restaurant within a Federal Realty-owned property by phone …

KLNB Arranges $9.4M Sale of Medical Office Building Near Baltimore

ELLICOTT CITY, MD. — KLNB has arranged the $9.4 million sale of North Ridge Professional Center, a 38,894-square-foot medical office building in Ellicott City. The building was 97 percent leased at the time of sale to anchor Ellicott City Ambulatory Surgery Center, Howard County Government, Seton Medical Group (a division of St. Agnes Healthcare) and Infectious Disease Associates. The property is situated at 2850 N. Ridge Road, 15 miles west of downtown Baltimore. Don Schline, Craig …

KLNB Arranges $14.5M Sale of Warehouse in Suburban Maryland

COLUMBIA, MD. — KLNB has arranged the $14.5 million sale of Mike’s Train House, a 123,000-square-foot warehouse in Columbia. The property is situated at 7020 Columbia Gateway Drive within the Columbia Gateway Business Park. Mike’s Train House is the only distribution center within the park. The building offers 20-foot clear heights and the option to add more loading doors. Chris Kubler and Don Schline of KLNB represented the seller, MPW Enterprises LLC, in the transaction. The buyer …

JLL Brokers Sale of 212,153 SF Medical Office Campus in Metro D.C.

SILVER SPRING, MD. — JLL has brokered the sale of Colesville Medical Campus, a three-building, 212,153-square-foot medical office campus in Silver Spring. The asset is situated at 10720, 10750 and 10770 Columbia Pike, 10 miles north of downtown Washington, D.C. The property is positioned within a 10-mile radius of 12 hospitals with more than 3,000 beds. Trinity Health and Holy Cross Health, which operates its home care and hospice operations at the property, anchor the campus. The seller, …

Continental Realty Launches Internal ‘Eat Local’ Stimulus Plan

BALTIMORE — Continental Realty Corp. (CRC) has launched an internal program to aid the restaurant industry in the communities it serves. CRC owns and operates retail centers and multifamily properties in Maryland, Virginia, North Carolina, South Carolina, Tennessee, Alabama, Georgia and Florida. Between April 14 and May 15, any CRC employee who provides a receipt for food items bought locally will be reimbursed up to $200. “We feel extremely strongly about initiating a program that …

GLL Real Estate Partners Acquires 1.1 MSF Industrial Development Near Baltimore for $90M

CURTIS BAY, MD. — Germany-based GLL Real Estate Partners has acquired Brandon Woods III, a two-building industrial development in Curtis Bay, for $90 million. Chesapeake Real Estate Group LLC (CREG) and EverWest Real Estate Investors LLC sold the buildings. The sale also includes two land parcels with the potential for another 250,000 square feet of development. The two assets span 840,000 square feet at 7550 Perryman Court and 7659 Solley Road, just south of Baltimore near the Patapsco …

Under Armour to Furlough 6,600 Workers Beginning April 12

BALTIMORE — In response to the spread of COVID-19, Under Armour Inc. (NYSE: UA) will temporarily lay off some 6,000 employees at its outlet stores around the country and approximately 600 workers at its U.S. distribution centers, effective Sunday, April 12. The Baltimore-based sports apparel retailer also said it would extend current store closures until further notice. In addition, the company’s board of directors and executive vice presidents will be taking 25 percent pay cuts during …

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