The forced shutdown of businesses in response to the COVID-19 pandemic provided Hill Management Services LLC with the opportunity to accelerate its already ongoing building reinvestment strategy with with an investment of approximately $12 million.
The Timonium-based real estate development and investment company took full advantage of buildings that were devoid of tenants and employees for several months to escalate the interior and exterior improvements of five buildings located in the central Maryland region.
Recent improvements included a renovated lobby with the installation of new flooring and wall coverings featuring the use of custom art and modern finishes at Timonium Corporate Center. The eight-story, 132,000 square foot Class “A” office building also received a fountain feature, high-speed elevator, revolving door and an upgraded lighting package. Fairgrounds Business Center now sports a newly-installed green exterior facing to highlight its proximity fronting Greenspring Drive in Timonium. The asset was also refreshed with a roadside pylon and new tenant signage.
The property at 6655 Dobbin Road in Columbia was the recipient of an updated loading dock, new dock doors, walkways and modernized LED lighting. The 80,000-square-foot warehouse/industrial building was also freshly painted, more than 30 parking spaces were added and new tenant signage was installed.
The Shell Building, a five-story office building in Towson was refreshed with the installation of new façade panels, a redesigned walkway and the addition of new exterior canopies among other improvements.
Hill Management was able to fast-track a portion of the ongoing improvements being undertaken at the four-building, 550,000 square foot mixed-use Executive Plaza complex in Hunt Valley. Recent work completed in the multi-year project improvement strategy was highlighted by the installation of new pendant lights; upgrades to the on-site deli, fitness center, conference rooms and security station and the completion of new exterior building signage.
Founded in 1976, Hill Management owns more than 4 million square feet of office, industrial and retail space as well as several hotel and self-storage facilities.