Business Expansions and Attractions
Sampling of County Business and Real Estate Activity, July 2012 to December 2013
The following list highlights a selection of business and real estate activity in Baltimore County from July 2012 to December 2013. Obtain a list of new corporations here.
Towson City Center – This $30 million redevelopment project in downtown Towson 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, opened in November 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 and 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 seven 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 apartment units in three major projects have been completed. Wood Partners has teamed with Chesapeake Realty Partners to develop The Winthrop, which will consist of 295 units. Lease-up will commence May 2014. A second phase, developed by Wood Partners and Taylor Property Group, will comprise 175 units. The apartments will be owned and operated separately, but their design is complementary. These buildings will replace a 70-year-old, 150-unit apartment complex and will triple the site’s density.
Towson Commons – The office and retail building in the center of Towson was recently purchased by Garrison Investment Group and plans are underway for renovations to the vacant ground floor retail spaces. Leasing is expected to pick up as a result of the change in ownership and commitments by the following two major tenants:
- 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 – This national chain of fitness clubs is completing renovations on 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. The facility will open in February 2014 and employ 30 people.
Towson Row – In June 2013 plans were unveiled for a transformative, $300 million mixed-use development at the southern gateway to downtown Towson, one block from Towson University. The development program calls for 200,000 square feet of Class A office space, 350 luxury residential units, 200 hotel rooms, 300 quality student housing units and more than 100,000 square feet of retail, shops, restaurants and an upscale grocery store.
Towson Fire Station Redevelopment – The County is replacing a functionally obsolete fire station at a heavily traveled intersection in Towson with a state-of-the-art facility to be constructed on a nearby County-owned property. The fire station relocation will free up the commercially-valuable existing site for private redevelopment. After a methodical competitive RFP process, a proposal to construct a convenience store, retail strip center and a pad restaurant was selected from five total submissions as the most advantageous offer for the County. The proceeds from the sale of the current outdated fire station site will more than cover the cost of the modern new fire facility.
Metro Centre at Owings Mills – Metro Centre at Owings Mills is a mixed-use, transit-oriented development that, upon completion, will support more than 1.2 million square feet of commercial office space; 300,000 square feet of complementary retail space; 1,700 residential units; educational facilities totaling 120,000 square feet and a hospitality component offering up to 250 rooms. The project adjoins the Owings Mills Metro stop and a 2,865-space commuter parking garage. Total investment in the project is expected to be $550 million at completion. Two five-story upscale residential buildings, with 232 apartments and ground-floor retail and restaurant space, are located along the main street next to the Owings Mills Metro station and the new 120,000 square foot County Campus at Metro Centre library and community college building. The first building is leasing and the second building will be delivered soon. A second large parking garage is no under construction.
Foundry Row – This planned mixed-use development in Owings Mills will be anchored by a Wegman’s grocery store and is expected to represent a $140 million investment.
Expedient Data – This leading provider of data center co-location and managed hosting services opened a 25,000-square-foot data center in the former Legg Mason Building on Red Run Boulevard in Owings Mills
Fore Development Company - This 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 96 percent leased
Farmers Insurance Group – The Farmer's Insurance Group has invested $1.6 million in a new Owings Mills facility with plans to create 150 new jobs.
Atlantic Design, Inc. – A manufacturing equipment company that blasts, removes and recycles grit created during construction, this family owned company more than doubled the size of its former location in March 2013 by opening a 42,000-square-foot building at Baltimore Crossroads@95.
Prometric (formerly Thomson Prometric) – This professionally licensed provider of IT certification exams signed a lease in Woodlawn, relocating from Anne Arundel County and St. Paul, Minnesota
Shekel Scales – This 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
Kaiser Permanente – In April 2013 Kaiser Permanente opened a multi-specialty facility in Halethorpe. The four-story, 130,000-square-foot 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 – The largest private employer in Baltimore County now occupies four office building in Owings Mills, after moving into two new buildings (381,000 square feet, $185 million) built in 2009. The firm increased its workforce by 200 to 300 workers by the end of 2012.
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.
Douron Commercial Interiors – Douron occupied its new headquarters, showroom and warehouse at 10 Painters Mill Road. The renovation of the 100,000-square-foot former flavorings manufacturing plant has allowed the company to consolidate several warehouses and provide space for a new showroom. The company currently employs 118 people.
Greater Baltimore Board of Realtors – This 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 – This 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 – This Owings Mills-based company that assembles monitoring systems relocated into a 26,000-square-foot facility in Hunt Valley.
Triad Isotopes – This 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.
Mid Atlantic Air – This 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.
Ruby Tuesday - The national chain casual dining restaurant is building a new 175-seat, 5,000-square-foot restaurant on Liberty Road in Randallstown. It is expected to open in spring 2014 and employ 60 to 80 people.
Heavy Seas Brewing – The Halethorpe-based brewery recently made a major investment to expand. Their expansion investment includes new tanks, a new bottling line and a new tasting and hospitality room. The tasting and hospitality, which opened in November 2013, features an outdoor seating area and is open to the public Wednesday through Saturday. Future investments include a new $2.5 million brew house. With all of these additions, Heavy Seas expects to increase capacity by 130 percent.
Collins Seafood and Grill - A new family-run restaurant opened on Offut Road in Randallstown investing $850,000 and employing 40 people
Pharmaceutics International – Over the past few years, this Hunt Valley contract drug manufacturer purchased several new buildings with approximately 150,000 square feet of space. The company currently has approximately 478 employees and expects to hire at least 50 more. Project cost is in excess of $5 million.
Industrial Roll – The manufacturer of rolls purchased a 14,000-square-foot building and will move their operations and 28 jobs from Baltimore City to Dundalk.
New tenants at bwtech@UMBC Research & Technology Park:
- Potomac Photonics – An advanced micro-manufacturer specializing in small hole drilling, laser micromachining, 3D printing, micromarking, and other technologies relocated from Prince George's County to bwtech@umbc research and technology park, bringing 25 jobs.
- 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.
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 February 24, 2014