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Real Estate Weekly – 12/23/11: COPT sells properties in Baltimore County

Charlotte-based online mortgage originator opens office in Rockville

RoundPoint Mortgage Co. of Charlotte, N.C., an online originator of home loans, announced it is opening a Rockville office that will house a 10-person team of consumer loan officers. The new office, located at 1300 Piccard Drive, Suite 107, has 3,000 square feet of space. When fully staffed, it will house 25 employees. The office is headed by Brian L. Dacy, vice president of loan origination. RoundPoint also has offices in Henderson, Nev., and Dallas, as well as its Charlotte headquarters.

Kamenetz picks three for Planning Board

Baltimore County Executive Kevin Kamenetz announced he is appointing three new members to the Baltimore County Planning Board, and promoting a current member to vice chair. Jeffrey E. Gordon, Nancy Hafford and Rainer C. Harvey Sr. will each begin three-year terms in January on the 15-member volunteer panel, and Paul G. Miller is nominated to serve as vice chair. Gordon is a business litigation attorney with the Baltimore office of the international law firm Hogan Lovells. Hafford is executive director of the Towson Chamber of Commerce, and Harvey, a retired county police officer, is chief of administrative operations for the Maryland Department of Human Resources. Miller, a Planning Board member since 2004, is the retired CEO of Commercial Credit Co. in Baltimore.

Baltimore County Library’s new branch

The Baltimore County Library System opened its newest branch at the Sollers Point Multipurpose Center in Dundalk on Monday. The 5,000-square-foot branch houses 14,000 books, magazines and other library materials, and 10 public-access computers. In addition, the LEED silver-certified, 28,840-square-foot building includes a gymnasium, auditorium, classrooms and a community museum. Towson-based architectural and interior design firm Rubeling & Associates designed the building.

Md. to benefit from defense bill

New defense authorization legislation passed by Congress contains $230 million in federal money for improvements at Fort Meade, Aberdeen Proving Ground and military facilities in Dundalk and Martin State Airport, Rep. C.A. Dutch Ruppersberger, D-Md., announced. The measure, which was sent to President Barack Obama for his signature, includes language that will establish a dedicated funding source that could help Maryland and other states prepare for the traffic impacts of the BRAC military base realignment. It also incorporates Ruppersberger’s bill creating the “Hotels for Heroes” program to allow Americans to donate hotel reward points to members of the armed forces.

Physiotherapy clinic opens in Elkton

Physiotherapy Associates, which provides outpatient rehabilitation, has transferred services performed at the Outpatient Therapy Clinic at Union Hospital to a new facility at Marina Plaza in Elkton. The clinic is Physiotherapy Associates’ 20th location in the Maryland-Delaware area, and the fourth to open in the last 12 months. The company recently merged with Rehabilitation Consultants Inc. of Wilmington.

COPT sells properties in Baltimore Co.

Corporate Office Properties Trust of Columbia, a real estate investment trust focused primarily on properties in office parks close to government facilities, announced it sold several buildings for $48.75 million. The properties are a 13-building portfolio in the Rutherford Business Center in Woodlawn, which was sold for $32.5 million, and a warehouse and land at White Marsh Commerce Center, which sold for $16.25 million. Although COPT did not identify to whom it sold the properties, CSG Partners LLC of White Marsh, a real estate development firm, announced later that it had acquired the Rutherford properties. The Rutherford package, containing approximately 365,400 square feet, was 79 percent leased as of Sept. 30. Jonathan Carpenter and James Wellschlager of Cassidy Turley represented COPT in the transaction, while CSG Partners was self-represented. The White Marsh sale included a 218,000-square-foot warehouse that was 100 percent leased as of Sept. 30, and 13.4 acres of land. The buyer of the White Marsh property has not been identified.

Maryland hopes to land FBI headquarters

(AP) The FBI needs a new headquarters, and Maryland officials are hoping it will be located in the state. The J. Edgar Hoover Building in downtown Washington, the agency’s base for 37 years, has presented myriad challenges in recent years. The FBI estimates a new headquarters would cost $1.2 billion and would not be completed until 2020 at the earliest. But Sen. Ben Cardin, D-Md., said site selection could begin as soon as next year, the Baltimore Sun reported. If Maryland lands the FBI, it would mean a 2.1 million square-foot office complex and nearly 12,000 jobs in Prince George’s County.

Waterway legislation will benefit Md.

The fiscal 2012 Energy and Water Development Appropriations Bill, which was passed by the U.S. Senate on Monday as part of an overall appropriations act, contains $51.7 million for U.S. Army Corps of Engineers’ waterway projects in Maryland, Sen. Barbara A. Mikulski, D-Md., announced. Calling the legislation “a jobs bill,” Mikulski said the federal funding “will keep businesses open and keep Marylanders working.” The bill includes $13.6 million for annual maintenance dredging of the Port of Baltimore shipping channels; $18.3 million for annual maintenance dredging of the C&D Canal shipping channels; and $11.8 million for continuation of the Poplar Island environmental restoration project, among others.

Greenberg Gibbons promotes Fitzpatrick

Tom Fitzpatrick, who has served as Greenberg Gibbons Commercial’s executive vice president since 2006, has been promoted to president and chief operating officer of the Owings Mills-based retail development company. The new position represents an expansion of Fitzpatrick’s current responsibilities of overseeing the company’s day-to-day operations, leasing and development activities. Prior to joining Greenberg Gibbons, Fitzpatrick worked for 25 years at the former Rouse Co. as senior vice president of asset management. Greenberg Gibbons’ portfolio of more than 15 properties includes the Annapolis Towne Centre and the Hunt Valley Town Centre. Brian Gibbons is the company’s chairman and CEO.

$61 million for Coast Guard Yard at Curtis Bay Sen. Barbara A. Mikulski, D-Md., said she succeeded in getting Senate approval of $61 million in federal funding for the U.S. Coast Guard Yard at Curtis Bay, as part of the fiscal 2012 appropriation of the Department of Homeland Security, which is contained in a larger appropriations bill. Mikulski noted that the shipbuilding and repair facility employs more than 600 military and civilian personnel. The funding includes $47 million to complete work on five medium-endurance cutters, and $14 million for a new ice-breaking tug rehabilitation project.

PERSONNEL

Albert W. Rubeling, founder and president of Rubeling & Associates, a Towson-based architecture and interior design firm, is the new Secretary of the College of Fellows for the American Institute of Architects. Rubeling was elected by members of the College of Fellows to serve a two-year term. They cited his proven leadership and outstanding contributions to both the AIA and architecture industry as a whole. The function of the College of Fellows is to promote the purposes of the AIA and to advance the profession of architecture, as well as to provide services to society. The college is considered the highest honor in the American Institute of Architects. Rubeling has been a member since 1993, when he was 36 years old. At the time, he was the youngest in the college’s history to be nominated. He has served as president of the Baltimore and Maryland chapters of the AIA, on the national board of directors, and as a trustee of the National AIA Trust. He is the 2007 recipient of The Leslie N. Boney Spirit of Fellowship Award.

Gary Broughton

Woodworks, a cooperative venture of major North American wood associations, named Gary Broughton as technical director for the Baltimore-Washington region. WoodWorks technical directors provide free project support related to the design and construction of non-residential and multi-family wood buildings. Broughton has more than eight years experience as a building plan reviewer and building inspector, more than 22 years with the American Plywood Association as a senior engineered wood specialist, and recently worked as a marketing representative specializing in treated wood products. He is based in Parkton, and can be contacted at gary@woodworks.org or by calling 443-257-3703.

LEASES

Anne Arundel Community College said its board of trustees approved a 10-year lease for approximately 30,000 square feet of office space at 7556 Teague Road, an office building in Hanover. The new AACC training center will contain specialized labs and faculty support space for AACC’s CyberCenter, based on the Arnold campus, and for contract training provided by the college Center for Workforce Solutions, based at the Glen Burnie Town Center. The college plans to complete space modifications in time to offer fall 2012 classes at the Teague Road site. The college’s facility in Hanover, AACC at Arundel Mills, is already maxed out at peak times and has no room for additional classrooms or labs. The college continues to explore permanent space options in the area, including the Odenton Town Center.

Merritt Properties LLC of Woodlawn reported the following recently signed leases:

* Independent Testing Agency, an electrical contractor, leased 4,325 square feet of warehouse space and 775 square feet of office space, for a total of 5,100 square feet, at 152 Blades Lane in Glen Burnie. Merritt’s in-house leasing team of Jamie Campbell, Liz Tarran-Jones, Vince Bagli and Steve Shaw represented both parties in the lease negotiations.

* Garden Deli Inc., a delicatessen, leased 1,709 square feet of retail space at 8850 Stanford Boulevard in the Columbia Corporate Park, Columbia. Eva Kim of MD Pro Realty represented Garden Deli in the transaction. Merritt was represented by its in-house leasing team of Jamie Campbell, Liz Tarran-Jones, Vince Bagli and Steve Shaw.

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