Dec 23, 2011
Is John Paterakis Santa Claus?
That could be the case if a local church-based community group gets its wish for a $10 million donation, requested during a sit-down in the billionaire developer and bakery mogul’s Harbor East offices recently.
Baltimoreans United in Leadership Development, or BUILD, asked Paterakis to show them the money so they could dedicate it toward a fund for school construction. According to Rob English, BUILD’s lead organizer, the group made the ask, but was politely given no firm answer or commitment.
In mid-November, BUILD marched on Harbor East, once a rotting waterfront warehouse enclave now called the city’s “gold coast,” seeking to raise awareness of the need for wealthy developers like Paterakis to help support youth-based programs in the community and school renovations.
The city has given them large tax breaks, BUILD argues, and that has hindered revenues. It’s a debate that is certain to carry over into the new year.
SG Partners LLC recently purchased a 13-building portfolio on Ambassador Road, Governor’s Court and Windsor Boulevard in Woodlawn for $32.4 million.
The mix of single-story and two-story commercial office product totals nearly 375,000 square feet of space and is 79 percent leased, officials said.
Jonathan Carpenter and James Wellschlager of Cassidy Turley represented the seller, Corporate Office Properties Trust. CSG Partners was self-represented in this transaction.
Signature Collision Center recently signed a long-term lease at 4000 Seven Mile Lane in Pikesville, the former location of the Seven Mile Market.
It will be the third location for the auto body repair business in the mid-Atlantic region. Rene Daniel and Gilbert R. Trout of Trout Daniel & Associates helped to broker the deal.
D.C.-based Signature Collision has embarked on upgrades to the 28,000-square-foot building and expects to open next March.
Oceaneering International Inc. is boosting its presence in Hanover by 68,000 square feet.
The Houston-based engineering products and services company recently inked a lease expansion at 6090 Dorsey Road, bringing the company’s presence in Hanover to 260,000 square feet. Oceaneering was represented in both expansions by Paul Schweitzer of Studley’s Suburban Washington office.
Oceaneering is a diversified engineering products and services company serving the off-shore oil and gas, defense, aerospace, and entertainment industries.
“The Oceaneering Advanced Technologies (ADTECH) Group occupies 145,000 square feet just up the road at 7001 Dorsey Rd. for its regional headquarters,” said Michael Elardo, a representative of the building’s owner, Prudential Real Estate Investors.
The expansion is located two miles from BWI International Airport in a 2-year-old class A industrial building that totals 300,500 square feet on 27 acres.
On Dec. 19, Baltimore County officials cut the ribbon at the Sollers Point Multi-Purpose Center.
The 28,900-square-foot building features a full-service library branch, a gymnasium, an auditorium and banquet hall, learning and computer center and a historical center that will display memorabilia from Turner Station area. The environmentally-friendly building is certified as LEED silver.
SHORT SALES: The Garden Deli recently leased a 1,709-square-foot shop at 8850 Stanford Blvd. in Columbia. Merritt Properties inked the deal … The Baltimore City Department of Public Works 2012 calendar is ready to hang up. Despite tight budgets in the city, this annual gem — voted one of the Best Use of Taxpayers’ Money in an annual City Paper poll – highlights single stream recycling guide, citizen convenience center information, rat control tips and information on water billing as well as notations of city holidays … Realtors in Montgomery County report that buyers just plunked down $1.6 million for the most expensive residential sale there this year. The Rockville home is situated on more than five acres and, a listing says “has a separate au-pair apartment, chef-inspired kitchen with Wolf and Sub-Zero appliances, first-floor in-law suite with private bathroom, 2,200 square-foot owners’ retreat, 900 square-foot fitness studio, media room, wine cellar, four-car heated garage, Koi pond and pool complete with waterfall and spa.” The deal was brokered by the Speicher Team of RE/MAX Realty Centre.