Atlanta-based Spectra Metal Sales Inc. recently signed a deal to lease 18,572 square feet of warehouse space for its rain-ware products at 8601 Ritchie Drive in Capitol Heights.
Spectra Metal Sales markets unique weather-related coil and copper and steel accessories for customers throughout North America and the Caribbean Islands.
“Spectra Metal Sales maintains a strong and loyal customer following throughout the Baltimore-Washington corridor market and was searching for an expanded space to support its growing local operation,” Coppola said. “This building in Prince George’s County is adjacent to major highway systems and provides Spectra with a strategic position to service existing and attract new customers.”
KLNB Retail recently completed a spate of six separate leases for a total of about 10,000 square feet at The Shoppes at Shipley’s Grant in Columbia.
The deal, on behalf of Bavar Properties Group, brings the center to nearly full capacity.
New leases include: 2,500 square feet for Sylvan Learning Center, 1,476 square feet for Glamour Shots, 1,452 square feet for Peartree Dental, 1,460 square feet for Revolution Eyes, 1,460 square feet for Angel’s Cut Wine & Spirits and 1,459-square feet for Raimondi’s Florist. The shopping center is located on Maryland Route 108 near Snowden River Parkway.
“The Shoppes at Shipley’s Grant is designed to function as a community shopping center servicing the immediate neighborhoods, so a complementary mix of merchants offering a diverse mix of products and services is critical to the success of this type of development,” said Michael Patz, a principal with KLNB Retail.
BECO Management recently opened up its ninth fitness center in a facility that it runs, BECO Towers in Owings Mills.
The centers are contained within the group’s commercial office buildings. The latest center holds a 2,100-square-foot exercise area. So far, 180 tenants of the towers have signed up to use the facility — free of charge, according to the house rules. Hours are 5 a.m. to 8 p.m. Monday through Friday.
Advisers at Cushman & Wakefield of Maryland Inc. recently worked to assist in a three-year, $19.8 million loan restructuring for the Maryland Executive Park in Towson.
The 206,144-square-foot retail and office park holds seven buildings, is located at 8501 LaSalle Road and includes Gino’s Burgers & Chicken and Applebee’s and Potbelly Sandwich Shop. Eagle Bank provided the financing.
Gideon Gil, Alexander Hernandez and Sridhar Vankayala of Cushman & Wakefield worked the deal.
“The property has great value-add opportunity with strong in-place cash flow, along with a first-tier sponsorship with deep operating expertise in the mid-Atlantic, which was very appealing to the lending community and attracted a substantial amount of interest,” Gil said in a statement.
TIDBITS: Rob Santoni Jr. owner of the soon-to-be-closed Santoni’s Super Market in Highlandtown, said of the site: “I am confident that that space will be a market — it just won’t be us,” while a guest on WYPR’s “Midday with Dan Rodricks” on Thursday. All week, Santoni and Mayor Stephanie Rawlings-Blake have verbally sparred over Santoni’s announced closing of the popular city grocery. He says the mayor’s two bottle taxes, imposed to help balance the budget and fund school renovations and repairs, have hurt his business to the point of crying uncle. The market is set to close at month’s end, Santoni has said. … Aberdeen Proving Ground’s second annual Oktoberfest Celebration set for Oct. 25-27 was nixed this week amid the turmoil in Washington. The “Hooah with Oompah” Oktoberfest was seen as a way “to foster relationships and strengthen existing bonds” in Harford County as the base continues to grow as part of BRAC. APG’s Senior Commander, Maj. Gen. Robert S. Ferrell, made the call this week. … Technology firm NovaTech recently expanded its headquarters to Cronhill Drive in Owings Mills. The company designs and manufactures industrial automation systems and has 100 employees. … Bed Bath & Beyond will soon open a 24,000-square-foot store in the Wildewood Shopping Center in California, Md. Neighbors in the retail center include JC Penney and Belk. … Harmony Place Apartments in Bowie was recently selected as “Best Garden Apartment Community in Maryland” at the Delta Associates’ Annual Apartment and Condominium Industry Awards Oct. 8. … The Baltimore chapter of CREW, Commercial Real Estate Women, will hold a membership networking event beginning at 5:30 p.m. on Nov. 6 at the Inn at Henderson’s Wharf in Fells Point. … Caton Properties, a division of Weichert Realtors, recently added 23-year veteran Realtor Keenan Robinson for its Ellicott City office. Robinson lives in Woodstock and is a member of the Howard County Association of Realtors Inc. as well as the First Baptist Church.