FeedRE
     Maryland

The U.S. General Services Administration (GSA) has acquired a site in Frederick County, MD to construct the Social Security Administration’s new national data facility. The GSA earlier this year chose the location as the future site of the SSA National Support Center after reviewing more than 150 sites because it provides the best opportunity for timely and cost-effective construction of the facility, the agency said. "We are delighted to take...

Full article: GSA Acquires Site for Social Security Data Center Facility ...

Tags: Baltimore, CoStar Group

Books-A-Million Inc. (BAM) has cut a deal to pick up 14 Border's book locations slated for closure. BAM will acquire the unexpired nonresidential real estate leases of 14 stores for $934,209. Each of the BAM eases was marketed by Border's real estate advisors, DJM Realty. Columbia Crossing, Columbia, MD Bangor Mall, Bangor, ME Maine Mall, South Portland, ME The Strip, Canton, OH Oak Point Plaza, Eau Claire, WI Grand Traverse Crossing...

Full article: Books-A-Million Taking Over 14 Border’s Leases ...

Tags: Baltimore, CoStar Group

Centro Properties will develop a new Walmart Supercenter that will anchor the Liberty Plaza shopping center at 8710 Liberty Road in Randallstown, MD. The demolition of the long-vacant stores on the property took place on Tuesday, August 30, 2011. The new retail building is scheduled to open in fall 2012. The project is expected to generate 350 new jobs in Randallstown. Included in the supercenter are a full grocery, deli, pharmacy and outdoor...

Full article: Walmart Supercenter Coming To Randallstown ...

Tags: Baltimore, CoStar Group

In The Pipeline is a column on significant acquisitions of commercial land for sale, and other transactions and trends affecting office, industrial, flex, multifamily, mixed-use, hotel and public works developers. Send us news leads about your new commercial real estate project -- and sign up to be added to our distribution list to receive future In the Pipeline columns by e-mail. Follow me on Twitter for live news updates. GSA Acquires Site...

Full article: In The Pipeline: Construction and Development News for Sept. 4 – 10 ...

Tags: Baltimore, CoStar Group

This week's People of Note includes the following markets: Boston, Jacksonville/North Florida, Retail and San Francisco. SAN FRANCISCO Maushardt To Head Western Acquisitions for Wood Partners Wood Partners named Jane Maushardt as senior vice president of acquisitions for California, Colorado, Arizona and the Pacific Northwest. She will oversee the company’s apartment property purchases in the western U.S. Maushardt has more than two decades...

Full article: CoStar’s People of Note (Aug. 28-Sept. 3) ...

Tags: Baltimore, CoStar Group

Weeks Robinson Acquisitions LLC, an Atlanta-based company, acquired a property at 4000 Principio Parkway in Cecil, MD, from Quality Properties Asset Management Co. for $19.15 million or $32 per square foot. The single-story, 600,000-square-foot, Class A industrial building at Principio Business Park was built in January 2007 and is in the Cecil County submarket. The sale also included 33 acres of cleared land. Bo Cashman, Jonathan Beard and...

Full article: Atlanta Group Buys 600,000-SF Industrial for $19M ...

Tags: Baltimore, CoStar Group

Washington Real Estate Investment Trust (NYSE: WRE) purchased Olney Village Center in Olney, MD, from Carl M. Freeman Cos. for $58 million, or nearly $292 per square foot. The 198,901-square-foot retail complex is 50 minutes west of Baltimore and north of Washington, DC. The 32-year-old property had a major renovation in 2003. Shoppers Food Warehouse anchors the shopping center, which is 99 percent leased to 32 retailers including T.J. Maxx, HomeGoods...

Full article: REIT Pays $58M for Retail Complex Near Baltimore ...

Tags: Baltimore, CoStar Group

American Realty Capital, a New York-based company, acquired 7549 Harmans Road in Harmans, MD, from The Stephen A Goldberg Co. of Washington, DC, for $12.6 million or $315 per square foot. The one-story, 40,000-square-foot, 3 Star industrial building is in the BWI/Anne Arundel Industrial submarket. The property was developed for Verizon, the lone tenant, when built in 1991. Verizon has since signed a 10-year renewal until 2021. There...

Full article: Anne Arundel Industrial Facility Sells for $12.6 Million ...

Tags: Baltimore, CoStar Group

By: Steven Burlison Fifth Third Bank, the diversified financial services provider, signed the largest lease renewal in downtown Chicago so far this year and expanded its previous space at 222 S. Riverside Plaza by 35,000 square feet. The firm now occupies 218,125 square feet in the building, more than double the original 100,000-square-foot space it first moved into in 2005. Fifth Third Bank's newly expanded office space includes a ground floor...

Full article: Lease Up: Fifth Third Bank Expands to 218,135 SF in Chicago ...

Tags: Baltimore, CoStar Group

This week's People of Note includes the following markets: Atlanta, Boston, Chicago, Dallas/Fort Worth, Los Angeles, New York, Northern New Jersey, Philadelphia and Retail. LOS ANGELES Studley Taps Media Services Exec as Managing Director Studley promoted office specialist Robert Cavaiola to managing director. The former associate director is based in West Los Angeles and works with companies in the entertainment, media a

Full article: CoStar’s People of Note (August 21-27) ...

Tags: Baltimore, CoStar Group