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New and Expanding Business List

The following list highlights a selection of business and real estate activity in Baltimore County from July 2017 to July 2018.

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Towson Square and Towson Circle East

The County invested $8.2 million in a parking garage and infrastructure improvements for the Towson Square project, leveraging $85 million in private investment. The project, which included a multiplex movie theater, restaurants and a parking garage, has brought an estimated 870 jobs to the area. The project owner, Retail Properties of America, is now redeveloping the former Towson Circle building and the site across the street into Towson Circle East. The two projects will be integrated in design and street level amenities.

Towson Circle East

A $30 million mixed-use development planned for the traffic circle at York and Joppa Roads will include 371 mid- and high-rise apartments, over 240,000 square feet of new and refurbished retail space and underground parking. The project is currently under construction and is expected to be completed in 2020.

Towson Residential

Since 2008, over 1,200 new luxury apartments have been completed and almost 400 are under construction. A $60 million, 611-bed, 248-unit student housing project with first floor retail is planned at 101 York Road. The Flats at 703, a new 105-unit Federal Realty Investment Trust apartment project located at 703 Washington Avenue, is leasing up. Towson Mews, consisting of 34 luxury townhomes being built by Evergreene Homes, is more than half completed.

Towson Row

Towson Row is a 1.2 million square-foot mixed-use development situated at downtown Towson’s southern gateway, bounded by York Road, Towsontown Boulevard, Chesapeake Avenue and Susquehanna Avenue. When fully developed, this $350 million project will offer roughly 145,000 square feet of Class A office space, 250 market rate apartments and condominiums, 220 limited service and extended stay hotel rooms, 985 beds for student housing and roughly 140,000 square feet of commercial space, including shops, restaurants and a grocery store. The hotel portion of the development is projected to be completed Fall 2020.

Stanley Black and Decker Global Tools and Storage

The company signed a lease for an additional 92,000 square feet in the Greenleigh development in Middle River and will hire 400 new employees by December 31, 2020. A total of 600 employees will be located at Greenleigh; 200 of those employees are moving there from Towson. Investment in the new space is $8.5 million, including real property improvements, furniture, fixtures and equipment. The new space was necessary to accommodate projected employment growth as a result of two major purchases in the past few years—the Newell Brands’ tool business and the Craftsman line of tools from Sears. These purchases help Stanley Black and Decker push deeper into the consumer and industrial equipment market and extend its reach into retail markets with a household name brand. Towson will continue to be the headquarters for Stanley Black and Decker’s Global Tools and Storage business—the company currently occupies a total of 565,000 square feet in the Towson area, split between the 31-acre campus they own at 701 East Joppa Road and several nearby leased properties. They currently employ 1,600 full-time employees and 350 private contractors.

The Shops at Kenilworth

Greenberg Gibbons is completing work on a $20 million renovation to The Shops at Kenilworth, a landmark shopping destination in Towson, originally built in 1979.  Stebbins Anderson’s new store is now located on the lower level and Trader Joe’s opened on the upper level in 2017. New shops include: Amaryllis, Kenilworth Wine and Spirits, Liza Byrd Boutique, Lou Lou Boutiques, Quiet Storm Surf Shop, TAC at Kenilworth (Summer Galley), Wilkes and Riley and ZenLife Yoga Boutique and Juice Bar. Longtime local boutique Ruth Shaw, J. Jill and Radcliffe Jewelers have signed leases and will move in this fall.

Towson Commons Retail

Affiliates of MFI Realty and Woodmont Properties II are redeveloping 115,000 square feet of retail space along York Road and Pennsylvania Avenue. Seven new retailers, Boho Nation, CVS Pharmacy, Chipotle, Hair Cuttery, Brown Rice, Insomnia Cookies and First National Bank, have opened and renovations are underway for others including Salon Plaza and C and R Pub. The certified public accounting firm Rosen, Sapperstein and Friedlander moved its offices from Owings Mills to Towson Commons in December 2017.

Metro Centre at Owings Mills

Metro Centre at Owings Mills is a $550 million mixed-use, transit-oriented special taxing district that is being developed by Owings Mills Transit, LLC. At completion, the project will support more than 1.2 million square feet of commercial office space, 300,000 square feet of complementary retail space and 700 residential units and a full service 225-room hotel amenity. The project adjoins the Owings Mills Metro stop and two commuter parking garages with a total of 5,277 spaces. The project includes a County library, community college branch and two five-story upscale buildings with 232 apartments that are over 90 percent leased and ground floor retail and restaurant space.  Salontra Select Suites, Suya Spot, World of Beer and Club Pilates are the newest tenants. Construction has started on a new seven-story apartment building, which will bring the total number of apartments at Metro Centre to 350. The 114-unit building will be called The Met at Metro Centre.  A deal has been signed for a new 225-room full service Marriott International hotel with conference facilities and a 1,000-seat ballroom. This $70 million investment project will open in late 2019.

Mill Station

The former Owings Mills Mall site will be redevelopment as an outdoor shopping center called Mill Station, a 575,000 square-foot, $108 million project to be anchored by a new Costco warehouse store. The 148,000 square-foot Costco, the retailer’s fifth Baltimore area location, will open in September 2018, and a 111,000 square-foot Lowe’s Home Improvement store is expected to open in January 2019. Other announced tenants include Marshalls, Burlington, Homesense and Five Below, all of which are expected to open in spring 2019. Plans also call for extensive renovations to the existing AMC Theatre. 

Foundry Row

This $140 million mixed-use development in Owings Mills, anchored by a Wegman’s grocery store, includes 356,000 square feet of retail space and 48,000 square feet of office space. Businesses joining Wegman's as tenants include LifeBridge Health, LA Fitness, DSW, Ulta Beauty, Bagby Pizza, Panera Bread, Zoe's Kitchen, Smashburger, Nally Fresh, Bar Louie, Mission BBQ, Chipotle, La-Z-Boy Furniture, Old Navy, Floyd's 99 Barbershop, Hair Cuttery, Sleep Number, Palio, Muse Paint Bar, Amazing Lash and Home Goods.

Hunt Valley Towne Centre

Avalon Hunt Valley, a $70 million upscale apartment complex on the eastern end of Hunt Valley Towne Centre, is 95 percent occupied. The Class A apartment building offers a variety of amenities, including a dog park, gym and game room. The new apartment community sits above 30,000 square feet of retail.

McCormick and Company

The international spice manufacturer, currently located in Sparks, will consolidate 900 office employees from several area locations into a 340,000 square-foot headquarters at 99 Shawan Road to be completed in 2018. A former telephone company building on the site will be completely redone, creating a state-of-the-art corporate campus for McCormick. The building will house corporate functions, the company’s U.S. consumer and industrial divisions and a health and wellness center.

Bank of America

Bank of America plans to add 600 jobs at its call center in Hunt Valley by 2020. These jobs will join the 300 jobs that the bank added at the two-building complex in 2017. The new positions—primarily call center and staff support positions—will bring the bank’s employee count at the site up to 1,500 over the next two years. Bank of America has taken over new space, upgraded interiors and increased parking at the 377,000 square-foot complex they own at 11333 McCormick Road. Merrill Lynch, Bank of America’s wealth management division, also has offices at the site.

Sinclair Broadcast Group

Sinclair Broadcast Group has announced plans to expand the company’s national headquarters in Hunt Valley as it moves to complete its $3.9 billion planned takeover of Tribune Media Company. Sinclair plans to invest $12 million to accommodate an expansion into two additional buildings that would add 376 new employees by 2024.

Mouth Party Caramels

In August 2017 this manufacturer and wholesaler of handmade caramels moved into 8,000 square feet of leased space at 1946 Greenspring Avenue in Timonium.

Stella Maris

Mercy Health Services is constructing a new Transitional Care Center at Stella Maris. The $24.5 million, 75,000 square-foot project will include 60 new rehabilitation and transitional care beds and space to increase the number of patients to whom services can be delivered from 549 to 872.

Tradepoint Atlantic

Formerly Sparrows Point LLC, Tradepoint Atlantic acquired the 3,100-acre former steel production facility at Sparrows Point. The owners agreed to $48 million in assurances to pay for the environmental clean-up. The property is being redeveloped for industrial and distribution use. For more information about current tenants at Tradepoint Atlantic, see the Industrial Redevelopment section.

Lockheed Martin

Lockheed Martin’s contract with the U.S. Navy was renewed for $235 million to manufacture missile firing systems used on warships at Lockheed’s facility in Middle River. The deal extends through 2022 and could be worth as much as $356 million if the Navy adds optional orders. The flexible missile system can launch a variety of missiles. 

Greenleigh at Crossroads

Greenleigh at Crossroads broke ground in May 2016 on a $750 million mixed-use community of offices, shops, apartments, single-family homes and a hotel. The project will occupy 250 acres of the 1,000-acre Baltimore Crossroads and is expected to build out over 10 to 15 years. Greenleigh plans currently include 1,800 detached homes and townhomes, three midrise office buildings totaling 300,000 square feet, another 350,000 square feet in single-story office buildings, 116,000 square feet of retail and a 120-room Springhill Suites by Marriott hotel. 

Eisai Inc.

The U.S. pharmaceutical subsidiary of Tokyo-based Eisai Company signed a 40,000 square-foot building lease within Greenleigh at Crossroads. The company plans to relocate approximately 55 employees from its existing location in Baltimore City in 2019 after construction at the site is completed.

MedStar Franklin Square Hospital

In July 2017, MedStar Franklin Square Medical Center was approved by the Maryland Health Care Commission to move forward with a $70 million project to replace old surgical facilities with a new two-story, 75,000 square-foot building and 14 operating rooms to be constructed on the hospital's Rosedale campus. The work began in October 2017 with the demolition of an old building that sat on the site. About $40 million for the project will come from tax exempt debt financing, $10 million cash will come from hospital operations and the other $20 million will come from several private and public investments. The project is intended to replace Franklin Square's current surgical facilities and will be constructed over the next two years. In January 2018 MedStar Orthopedic Institute opened the Orthopedic and Sports Medicine Center at MedStar Franklin Square Medical Center. Located in 10,043 square feet of space, the practice is dedicated to bone, joint and soft tissue injuries and includes seven orthopedic and sports medicine experts, along with rehabilitation therapy, in one centralized location. The new center is located in the Medical Arts building across from the main hospital on Franklin Square Drive. It will include 18 exam rooms, two imaging suites and an expansive waiting room with an area for children to play. The location is convenient to communities of Harford County and Eastern Baltimore County—including Perry Hall, Nottingham, Dundalk, Middle River and Parkville.

FedEx Ground

FedEx Ground secured a long-term lease and in July 2017 opened a new 300,000 square-foot distribution center at Tradepoint Atlantic that employs up to 300 employees.

Under Armour

Under Armour signed a deal with Tradepoint Atlantic to build a one million square-foot distribution warehouse that will employ 1,000 people and be part of an overall $175 million capital investment. The facility is scheduled to open sometime between late 2018 and early 2019 and will serve as the company’s national hub to fulfill consumers’ online orders.


In 2017 Amazon announced plans to construct an 855,000 square-foot fulfillment center at Tradepoint Atlantic and is projected to bring 1,500 new jobs to the region. Employees at the new facility will pick, pack and ship customer items such as electronics, books, housewares and toys.

Empire Resources

In March 2018 Empire Resources converted its 200,000 square-foot building in Essex into a “cold rolling” mill for aluminum and steel. Capital Investment in the project is $40 million. The company anticipates creating 150 new manufacturing related jobs within two years and estimates opening in the second quarter of 2019.

Netzer Metalcraft

This fabricating and machining company purchased a site in Essex to manufacture aerospace parts. They are relocating from Baltimore City and anticipate opening in late 2018.

Hollins Ferry Logistics Center

Hollins Ferry Logistics Center completed construction on a 285,000 square-foot Class A warehouse and logistics center. Located at 4803 Hollins Ferry Road in Halethorpe, this new facility attracted LKQ Corporation, the largest provider of alternative collision auto parts, to Baltimore County in 2017. LKQ is expected to occupy the space by early 2018.

Social Security Administration

Social Security Administration (SSA) headquarters in Woodlawn has begun its $150 million renovation of their main administrative building. SSA also renewed the 830,000 square-foot lease for Security West, which employs 2,400 people. SSA employs approximately 11,000 total in Baltimore County. This significant investment and renewal ensures that Baltimore County remains home to the Social Security Administration for decades to come.

Guinness Open Gate Brewery and Barrel House

In 2017, Diageo began work on their Relay Campus to produce experimental beers, Guinness Blonde Lager and a visitor center. The goal in the first year is to attract 300,000 visitors. The $80 million brewery project will create approximately 200 production and hospitality jobs. The tap room opened in 2017, with full brewing operations expected in August 2018. 


Located at the University of Maryland Baltimore County (UMBC) business incubator, the iCyberCenter is the first global cyber incubator that will attract international companies to the Maryland market and offer connections with existing organizations. Currently, there are eight national and international companies participating in the program. 

Rolling Run Tech Park

Located at 2270 Rolling Run Road, this 58,000 square-foot Class A office building is next to the Centers for Medicare and Medicaid Services headquarters. With construction completed at the end of 2017, this project is fully leased and the first tenants moved in spring of 2018.  

Beltway Business Park

Merritt Properties constructed two new buildings on Twin Springs Road in fall 2017 and spring of 2018.  Both buildings are about 40,000 square feet each, and the total investment including land was $6.2 million. They are expected to be open for new tenants summer of 2018.

Saval Foods

In Summer 2018 Saval Foods is opening a meat slicing and packaging facility on Twin Springs Road in Halethorpe. They are expecting to create 38 new jobs, with an investment of $1.9 million in new equipment and build out.

Maryland Packaging 

In Spring 2018 Maryland Packaging opened a new location in Lansdowne. In addition to their existing service as a contract food processing plant, this new location features a cold press, high-pressure pasteurization process for food. They are expecting to hire 105 employees at full operation and have invested $9.5 million in build out and equipment, occupying 27,000 square feet.

Good Wrappers

Good Wrappers recently purchased 3901 Washington Boulevard for expansion of their operation. The $2.6 million expansion will provide 160,000 square feet of additional space. As a result of the expansion, they expect to increase their employment from 50 to 60 employees.

Heavy Seas

This brewery announced they will be expanding and renovating their brewery in Halethorpe. They expect to add four more positions to their existing 55 employees.

U.S. Census Office

Towson was selected as a location for a 2020 U.S. Census office. The new location is expected to create 50 new jobs in an 8,000 square-foot office building. This will be an 18-month term assignment for this operation.


Located on Hollins Ferry Road, Caitec manufactures and distributes bird and dog toys and accessories that are sold globally. This location is the U.S. distribution center and headquarters. They moved in fall 2017 and invested $5.7 million in acquisitions and improvements. They employ 18 people.


Inter-Lux offers lighting design and the distribution and sale of lighting fixtures. They fully moved in to the Beltway Business Park in summer 2017, occupying 29,000 square feet and employing 48 people. They expect to add 20 more jobs through this year.


LKQ distributes and sells vehicle parts, collision paint and supplies and car service items. In April 2018, they began hiring 25 new positions to add to their existing 113-person workforce. They are in a lease agreement at the newly constructed Hollins Ferry Logistics Center.

List of New Corporations

The Department of Economic and Workforce Development maintains a listing of the top Baltimore County employers. However, to find a directory of the more than 20,500 businesses in Baltimore County, the Baltimore County Public Library provides access to Reference USA as a free service to residents. Reference USA allows customized searches to create a listing of businesses that meet your criteria. To learn more, contact the Baltimore County Public Library at 410-887-6100.

The Maryland State Department of Assessment and Taxation (SDAT) provides copies of its data sets through a private contractor, Specprint Inc. Obtain prices, formats, production schedules and more by calling Specprint at 410-561-9600.

Revised August 2, 2018         


Department of Economic and Workforce Development

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