Business Expansions and Attractions
Sampling of Business and Real Estate Activity in Baltimore County from July 2012 to July 2013
Towson City Center - This is a $30 million redevelopment project in downtown Towson that opened in August 2012. The green building’s tenants include corporate headquarters for MileOne Automotive, Caves Valley Partners, and Remedi SeniorCare. Other major tenants include the Towson University Institute for Well-Being and WTMD radio station. Cunningham’s, a white tablecloth restaurant, is scheduled to open in early fall 2013. Towson City Center is now fully leased and is estimated to house close to 500 employees.
Towson Square (formerly known as Towson Circle III) - This is a new mixed-use project in Towson developed by the Heritage Properties/Cordish Company joint venture. The four-acre development now under construction will include a 75,000 square foot, 3,400-seat, 15 screen multiplex cinema atop a three-story, 850-space garage and six restaurants. The open, pedestrian-friendly plaza will include a traffic circle with a European-style fountain, bistro-style outdoor dining areas and landscaping. The County is investing $6.2 million toward the parking garage and $2 million for infrastructure improvements, which will leverage $85 million in private investment. Slated to open in late 2014, the project will bring an estimated 1,530 jobs to the area, 660 on the construction side and another 870 others when the project is operational.
Towson Residential - Since 2008, over 1,200 new luxury residential units in four major projects have been completed. Additional upscale housing already under construction or proposed will add 800 units, in addition to 500 units of privately-developed student apartments.
Towson Retail – Since 2008, Towson has attracted over $200 million in new private retail/mixed-use investment in downtown Towson, including the $85 million Towson Square project anchored by Cinemark movie theatres and restaurants, and the $27 million fully leased Towson City Center. Plans were announced in June 2013 for Towson Row, a major $300 million project with residential, hotel, retail and student housing.
General Dynamics Information Technology (formerly ViPS) - The largest tenant in Towson Commons, has expanded its leased space from 120,000 square feet to 146,000 square feet to accommodate a consolidation from two other locations in the County.
LA Fitness - A national chain of fitness clubs, is renovating the former movie theater space in Towson Commons to create a new 52,700 square feet state-of-the-art facility including an indoor pool. They plan to hire 30 employees.
In the past several years, Owings Mills has attracted nearly $700 million in new investment, including the $550 million Metro Centre at Owings Mills transit oriented development and the planned $140 million Foundry Row mixed-use project.
Fore Development Company - A Nevada-based multi-family housing developer, constructed Groveton Green, a 226-unit LEED Gold-certified luxury apartment complex on Lakeside Boulevard in Owings Mills. Total investment is $35 million and the project is 83 percent leased with construction nearly complete on the last building.
Shekel Scales - A high-tech Israeli firm opened a new office in Owings Mills earlier this year. The Company produces precision scales for the retail trade and health care industries, and plans to hire 30 people in Maryland.
Farmers Insurance Group - Has invested $1.6 million in a new Owings Mills facility with plans to create 150 new jobs.
In April 2013 developers announced the $100 million Greenleigh at Crossroads project, a 200-acre new urbanism town center blending office, retail and a mix of residential styles located off Maryland Route 43 in White Marsh/Middle River.
Atlantic Design, Inc. - A manufacturing equipment company that blasts, removes and recycles grit created during construction. The family owned company more than doubled the size of its former location in March 2013 by opening a 42,000 SF building at Baltimore Crossroads@95.
EA Engineering, Science, and Technology, Inc - Has consolidated and expanded into a new 64,000 square feet LEED building at 226 Schilling Circle in Hunt Valley.
Dunbar Digital Armor - A cyber security division of Dunbar Armored security service, opened its new 7,500 square feet facility on Schilling Circle in Hunt Valley in June 2013. Plans include hiring 100 employees.
Prometric (formerly Thomson Prometric) - A professionally licensed provider of IT certification exams, signed a lease in Woodlawn, relocating from Anne Arundel County and St. Paul Minnesota.
Kaiser Permanente - In April 2013 Kaiser Permanente opened a multi-specialty facility, in Halethorpe. The four story, 130,000 square feet facility brings together primary care and a number of specialty services in one location. The project also includes a four level parking garage. It is the first integrated care facility of its kind in the Baltimore area for the health plan and care provider, which is looking to grow its membership throughout the mid-Atlantic region. Three hundred jobs were created as a result of this new facility.
Beco Management - A Rockville-based real estate management company, purchased two office buildings located at 10451 and 10461 Mill Run Circle adjacent to Owings Mills Mall. The company is investing $15 million in improvements to the two properties.
T. Rowe Price will increase its workforce by 200 to 300 workers in the latter half of 2013 and will move into two new buildings (381,000 square feet, $185 million) built in 2008 to 2009 but not occupied.
PayPal - A division of eBay, Inc., occupied an additional 53,000 square feet of space on Schilling Road and now employs over 600 people in Cockeysville and Hunt Valley.
Apex IT Services - This IT solutions provider to federal, state and commercial clients, relocated from Columbia, Maryland to leased office space on Lord Baltimore Drive in Woodlawn. Plans include adding 53 jobs.
Keffa Coffee - A Towson Global Incubator-based importer and distributor of unroasted coffee beans from Ethiopia, leased 1,200 square feet of office space on Cromwell Bridge Road in Towson.
Douron Commercial Interiors - Douron purchased property at 10 Painters Mill Road for a new headquarters. The 100,000 square feet facility will allow the company to consolidate several warehouses and provide space for a new showroom. The company currently employs approximately 115 people.
Greater Baltimore Board of Realtors - A membership services organization for residential realtors, signed a lease for 7,798 square feet of office space at Timonium Two on Greenspring Drive, its new headquarters location.
Advanced Fire Protection - An installer and servicer of fire protection equipment, relocated from Glen Burnie in Anne Arundel County to Monumental Avenue in Halethorpe, bringing 60 new jobs.
NovaTech - An Owings Mills-based company that assembles monitoring systems, relocated into a 26,000 square feet facility in Hunt Valley.
Nations Photo Lab - Hunt Valley photo processing lab, relocated to its newly leased 16,000 square feet space in Cockeysville in June 2012.
Triad Isotopes - A firm which supplies hospitals with drugs for diagnostic imaging, has opened a new nuclear pharmacy in Baltimore Crossroads@95 with plans to add 11 jobs.
Cole Taylor Equipment Finance - An equipment finance company and a division of Cole Taylor Bank of Chicago, signed a lease for 10,000 square feet at 501 Fairmount Avenue in Towson and plans to add seven jobs.
Mid Atlantic Air - A commercial HVAC/plumbing design and construction company, located in Timonium in January 2013.
Armada Employer Services - An employment and consulting service company, expanded its Hunt Valley headquarters by 12,000 square feet.
Mindgrub Technologies, A Catonsville mobile application development company, announced the expansion of its office facility in June 2012, with the creation of 40 new positions.
Communications Scientific International - An aerospace technology and services company that provides communications and information systems for satellite, airborne and ground applications to the Department of Defense. The firm signed a lease for 2,804 square feet of office space at 5523 Research Park Drive, creating five jobs.
How can I get a list of new corporations?
The Maryland State Department of Assessment and Taxation (SDAT) provides copies of its data sets through a contractor. You can obtain prices, formats, production schedules, etc. from Specprint, Inc. by calling 410-561-9600.
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Revised September 13, 2013