Stevenson Univ. buying Shire Pharmaceuticals site for $10.5M
Posted: 12:55 pm Tue, November 15, 2011
Stevenson University said Tuesday that it has purchased the Owings Mills site of Shire Pharmaceuticals for $10.5 million.
The 28-acre property includes two buildings totaling 168,000 square feet and a 400-space parking lot. It will become the home for much of the university’s School of the Sciences and School of Design, which are both now located on Stevenson’s Greenspring campus.
The site backs up to Stevenson’s Owings Mills campus. The school said in a news release that it will look into how the new site can be connected to the existing Owings Mills campus by walkways and a pedestrian bridge.
“The growth of Stevenson over the last decade has been phenomenal,” university President Kevin J. Manning said in a statement. “Given our steadily growing student body, new programs, and presence in Owings Mills, it is natural that we look into opportunities such as acquiring this property that fit so well with the vision that we have for the University.”
Shire, which purchased the site in 2002, announced in April 2009 a three-year plan to close this facility and sell the property.