Coldwell Banker Realty, owned by a subsidiary of Realogy Holdings Corp., the largest full-service residential real estate services company in the United States, Tuesday signed a lease with St. and Properties Inc. at Greenleigh and opened its relocated Coldwell Banker Realty office at 11531 Wakefield St.
Bill Holzman, vice president, retail leasing for St. John Properties represented the landlord and Robin Maisel, Associate Broker for Coldwell Banker Commercial NRT, represented the client in this transaction.
Approximately 60 affiliated sales agents are expected to work at the Greenleigh location. According to the company, these professionals benefit from the use of “innovative technology, data and marketing products, best-in-class learning and support services and high-quality generation programs” to assist consumers in the home buying and home selling process. Coldwell Banker Realty operates companies in more than 50 of the 100 largest metropolitan areas in the United States.
11531 Wakefield St. is a single-story building containing 13,975 square feet of retail space. It features roadside visibility from MD Route 43, with more than 27,300 vehicles passing the site on a daily basis. In addition, nearly 40,000 people reside within a 3-mile radius of the site with an average household income topping $88,000.
St. John Properties, together with partner Somerset Construction Company, initiated development activities on Greenleigh, a 1,000-acre mixed-use business community that includes multiple real estate classes including multifamily product, in 2007. Greenleigh reflects a “New Urbanism” concept, with approximately 500 acres carved out for a range of housing options, mid-rise commercial office buildings and complimentary retail and hospitality amenities.
On completion, Greenleigh will include 1,900 residential units including single-family homes, townhomes and multifamily units, and nearly two million square feet of commercial office space. In total, the development will support more than 2.5 million square feet of commercial, retail and hospitality space.