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Real Estate Weekly: 2/7/14

Continuing care retirement project plan revised to suit neighbors

Presbyterian Home of Maryland, a faith-based nonprofit organization, said it revised its plan for the development of its first continuing care retirement community (CCRC) in Harford County, in response to concerns raised at a community input meeting in January. The project is planned for the Eva Mar property, located on North Fountain Green Road (Route 543) in Bel Air, near Churchville Road. The original plan called for the CCRC to abut several neighborhoods, which some people at the meeting objected to, citing concerns about the placement of larger buildings near residential areas. In response, Presbyterian Home said it reversed the site layout, relocating the CCRC to the front of the site, closer to Route 543, and moving single-family homes planned by Elm Street Development to the back of the property. Presbyterian Home voluntarily gave up nearly 10 acres of land to accommodate its neighbors, according to the nonprofit’s president and CEO, Susan Shea. The CCRC will continue to retain more than 60 percent of the lot it has under contract as green space, including walking paths and a playground that will be open to the community.

Process to update Route 108 commercial corridor underway

An initiative to create design guidelines for a portion of the Route 108 commercial corridor in Clarksville is getting underway, Howard County Executive Ken Ulman announced. “We are launching a community process to develop a vision for this important commercial area,” Ulman said. “Our residents and our businesses deserve a sustainable, attractive, bike- and pedestrian-friendly environment.” The county retained Design Collective Inc., a Baltimore-based design firm with expertise in crafting design guidelines, to assist with the effort. In addition, Sabra Wang & Associates Inc. will advise on a “complete street” approach for Route 108. County staff will work with community members to identify objectives valued by the community, both aesthetically and in terms of mobility. A public meeting to receive input from the general public will be held on Wednesday, Feb. 12 at 7:00 p.m. in the River Hill Village Center’s Claret Hall.

Landscape architecture firm launches program to aid nonprofits

One fortunate Baltimore-area nonprofit will receive financial or in-kind support for a year from Baltimore-based landscape architecture firm Floura Teeter Landscape Architects (FTLA). The program, called “Community Grows Here,” began on Feb 1 and will be an annual activity. FTLA said. Nominations of local nonprofits can be posted on the company’s Facebook page. Entries must be posted no later than Feb. 28 and identify the organization, the type of work it does and the type of support requested. A panel of judges will choose their top three favorites from all entries, and Facebook followers will be able to vote on the winner from March 10 through March 31. The winning nonprofit will be notified and announced by April 4. FTLA founder and principal Joan Floura said she and partner Aaron Teeter conceived the program following FTLA’s 10th anniversary initiative, in which it supported 10 local charities over the course of a year.

Erickson Living acquires first property in Florida

Erickson Living, a Catonsville-based developer and manager of continuing care retirement communities, is the new owner and manager of Devonshire at PGA National in Palm Beach Gardens, Fla. and its continuing care neighborhood, Chatsworth at PGA National. The acquisition marks Erickson’s entry into Florida. The company owns 17 continuing care retirement communities (CCRC) nationwide, including three in Maryland. The Devonshire CCRC consists of 327 independent living apartment units and 124 residences for assisted living, skilled nursing, memory care and rehabilitative care. Residents have access to valet and concierge services and an assortment of dining venues, as well as the services and sports facilities of PGA National Resort & Spa.

Agricultural energy efficiency grant program accepting applications

The Maryland Energy Administration announced that the Kathleen A. P. Mathias Agriculture Energy Efficiency Grant Program is now accepting applications. The program provides grants to farms and agriculture-related businesses to cover 50 percent of the cost of energy-efficiency upgrades at sites that can achieve at least 20 percent savings in the building or areas improved. Named after the late Kathy Mathias, one of the Eastern Shore’s staunchest advocates and the wife of state Sen. James N. Mathias, the program is now in its second year. The application deadline for this year’s round of grants is March 15. Examples of eligible farms and businesses in the agriculture sector include dairy, orchard, poultry/egg, greenhouse, vegetable, animal, vineyard, grain dryer, processor, sawmill and aquaculture. For information, go to http://energy.maryland.gov/Business/2014mathiasag/index.html.

Reisterstown business park readying for 1st retail building

St. John Properties Inc., of Baltimore, is nearing the completion of its first building within Reisterstown Crossing, a 10-acre mixed-used business community in Reisterstown that will contain nearly 100,000 square feet of office and retail space. 118 Westminster Pike, a 12,675-square-foot retail building fronting Main Street near the intersection of Interstate 795 and Westminster Pike, is expected to be delivered by the end of March. Also coming out of the ground is 116 Westminster Pike, a 14,280-square-foot, Class A office building that is expected to be completed in mid-2014. Construction will commence later on two additional 30,600-square-foot Class A office buildings in the park. St. John Properties has also developed and owns Reisterstown Business Center, a 133,000-square-foot office and retail center located approximately half a mile away on Main Street in Reisterstown.

TIDBITS

The aptly named Naval Bagels, a family-owned bagel shop in Annapolis (which, of course, is home to the U.S. Naval Academy), has added 3,600 square feet to its store at 609A Taylor Ave. The expansion from its original 900 square feet also added 19 jobs to the city’s workforce. Naval Bagel owners Sean and Dara Adams “give back to the community in so many ways,” said Annapolis Mayor Mike Pantelides. “They sponsor a number of local charity events, while supporting Naval Academy Athletics and the Chesapeake Bayhawks.” … A new, 13,000-square-foot Walgreens drug store now occupies a site that formerly housed a full-service gas station at the intersection of Warren and York roads in Cockeysville. Mullan Contracting Co. completed the construction of the free-standing, two-story building, which features exposed ceilings, polished concrete flooring and a drive-thru window. Red Leaf-Warren LLC is the building’s owner. … One East Pratt Street, a 10-story, 355,770-square-foot office building in downtown Baltimore, has been sold. The buyer, New York-based Emmes Asset Management Co. LLC, paid $58.75 million for the property. Jonathan M. Carpenter and James P. Cassidy of Cassidy Turley’s Capital Markets Group represented the seller, a joint venture between Griffith Properties and Fremont Realty Capital. … Howard County has bought a four-story brick office building at 3716 Court Place in Ellicott City, paying $550,000. The building, located directly across the street from the Howard County Courthouse, will be used to house several county agencies that need additional room. David Fritz and Michele Kornbluth of NAI KLNB represented both the buyer and the seller, Ellicott City Investments, in the transaction. … A&G Realty Partners, of Melville, N.Y., is handling the sale of 39 Loehmann’s retail store leases after Loehmann’s recent bankruptcy filing. The stores are located in 11 states and Washington, D.C., and range from 15,000 to 60,000 square feet. The Maryland locations are at 5230 Randolph Road in Rockville, and 160 W .Ridgely Road in Timonium.

LEASES 

CareFirst of Maryland Inc. has signed a lease with Rockville-based Beco Management Inc. for an additional 26,040 square feet of space at Beco Tower I, an 11-story, 130,000-square-foot office building at 10451 Mill Run Circle in the Owings Mills Town Center. CareFirst leased 26,040 square feet in the building last year, and the new lease increases the occupancy of the nonprofit health care company to 52,080 square feet on four full floors of the building. Gary Applestein of Colliers International represented Beco, and Alex Lassar and Philip Leibow of Jones Lang LaSalle represented CareFirst in the recent transaction.

Cushman & Wakefield of Maryland said it has been selected as the exclusive leasing agent and property manager for One East Pratt Street in downtown Baltimore by the new owner, Emmes Asset Management Co. LLC. Leasing agents Whitney Nye and Karen Cherry will handle leasing, and Senior Portfolio Manager Clifton Bond will oversee the building management on behalf of Emmes. The building, which has a prominent location at the corner of Pratt and Light streets, is currently 71 percent occupied, with approximately 98,000 square feet available for lease. Tenants include PNC Bank’s regional headquarters, KPMG, Protiviti and the Baltimore Business Journal.

In a separate announcement, Cushman & Wakefield said it has been assigned to lease eight buildings in Columbia, manage six other buildings in Columbia, and lease and manage three buildings in Annapolis by the new ownership of the former Liberty Property Trust office portfolio. The 17 buildings, totaling over 860,000 square feet, were purchased from Liberty Property Trust in January for an undisclosed amount. Columbia leasing locations are 9755, 9770, 9780, 9790, 9800, 9810, 9820 and 9830 Patuxent Woods Drive. The Columbia management portfolio consists of 6200, 6210, 6220, 6230, 6240 and 6250 Old Dobbin Lane. The Annapolis addresses are 180 and 190 Admiral Cochrane Drive, and 195 Admiral Cochrane Drive, a 4.8-acre land site slated for future development of an office building. Cushman & Wakefield’s Richard Thomas and Matt Melnick will lease the Columbia properties, while Hayes Merkert and Whitney Nye will lease the Annapolis properties. Clifton Bond and Erin Zukas will oversee the management of the Columbia and Annapolis portfolios.

The Matan Cos., of Frederick, signed Vivint Solar Technologies as a tenant at 4600 Wedgewood Blvd. in Frederick, Vivint, which designs, installs and maintains solar energy systems, will lease 11,200 square feet of space for use as a warehouse and operations facility.

PERSONNEL 

MacKenzie Contracting Co. LLC, of Lutherville, announced the promotions of J. Scott Albright and John T. Rohde to senior vice president and Joseph Versey to vice president. All three men are moving up from project management positions in the company, which is celebrating its 25th anniversary.

MacKenzie Contracting’s sister company, MacKenzie Commercial Real Estate Services LLC, announced the promotions of J. Scott Wimbrow, Christopher C. Bennett and Thomas L. Fidler to the posts of executive vice president. Wimbrow will become president of the company on July 1, succeeding Robert J. Aumiller, who will become a principal. Wimbrow, Bennett and Fidler will focus on expanding MacKenzie’s brokerage team, developing the next generation of leasing professionals, and advancing the MacKenzie brand throughout Maryland.

Long & Foster Real Estate Inc., the largest independent residential real estate company in the United States, announced that Heather Perkins has joined the company as a sales associate in its Federal Hill office at 1210 Light St. in Baltimore. Perkins has more than 15 years of experience in the real estate industry.

Dewberry, a Fairfax, Va.-based professional services firm, announced the hiring of Charles Ruzicka as a senior surveyor. Ruzicka will be co-located in the firm’s offices in Baltimore and Lanham, and will be responsible for developing and extending Dewberry’s survey and mapping capabilities to multiple market sectors in the mid-Atlantic region. Ruzicka has more than 28 years of experience in the surveying field.

 

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