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Towson Commons fetches $18M
The 10-story Class A Towson Commons office building sold for $18 million to Baltimore-based real estate investment and development company CSG Partners. The building in downtown Towson features an eight-story parking garage and was 90 percent leased at the time of the sale last month. “The sale of Towson Commons represents a new chapter with […]
Local investors buy Towson Commons retail space
A local investment group has purchased the Towson Commons retail space. Baltimore County Executive Kevin Kamenetz announced on Tuesday that Towson Commons Retail LLC, which consists of MFI and Woodmount Properties II affiliates, has purchased the retail space along York Road. MFI Realty will handle the leasing of the space. “Towson Commons is in the […]
Kamenetz to announce Towson Commons investment
Baltimore County Executive Kevin Kamenetz is scheduled to announce new private investment at Towson Commons on Tuesday. The executive’s office announced plans that it intends to reveal the latest investment in downtown but didn’t include any further information. A spokeswoman for the county executive said she was unable to provide additional information about the investment […]
Real Estate Weekly – 7/12/13
Mullan picked to build medical facility in Frederick The Mullan Contracting Co., of Lutherville, has been selected by Righttime Medical Care to construct its first “after hours” medical facility in the Frederick marketplace. The Annapolis-based company, which offers an alternative to hospital emergency room visits, intends to open a free-standing facility within Market Square, a […]
Planners hope for retail revival in Towson
Towson Commons has been sitting empty in the center of downtown Towson for two years, but now the complex is getting a retail tenant. WJZ-TV reports the center secured LA Fitness as a major tenant for the largest portion of its retail space. It will turn the now-shuttered movie theater into a 53,000-square-foot fitness facility. […]
Towson’s ‘golden triangle’ facing scrutiny
The 14-acre strip of land that some regard as the entry to Towson is under the microscope for possible redevelopment these days. Called the “golden triangle,” this small collection of food spots, small businesses and the Towson American Legion Post No. 22 hall is located on the west side of York Road, just north of […]
Towson Circle to get 16-screen Cinemark theater
Construction of an $85 million entertainment complex in Towson that includes a 16-screen movie theater and five new restaurants is expected to begin by March, according to Baltimore County officials. The development is the second phase of the Towson Circle project at York and Joppa roads. “In this down economy, to have this investment in […]
Harris Teeter, Target announcement coming soon for Canton Crossing
Owners of Canton Crossing, the new development now making its way through planning approvals in the city, are gearing up to announce two anchors: Harris Teeter and Target. A city development source said Friday the two chains are ready to ink leasing deals with Chesapeake Real Estate Group and BCP Investors LLC, principals of the […]
The Daily Record News Quiz – May 2-6
Have you been keeping up with The Daily Record’s news this week? Take our 10-question weekly news quiz in this new interactive feature. Leave a comment below and tell us how many questions you got right!
Towson U. could lease part of nearly vacant complex
Administrators at Towson University are eyeing the nearly vacant Towson Commons to lease for possible classroom and academic office space, a conversion some say could rejuvenate the center of the community. James P. Sheehan, vice president for administration and finance and chief financial officer at Towson University, said he plans to continue talks with Capmark […]
Towson Commons auctioned and sold
Towson Commons was auctioned off Tuesday afternoon on the steps of the Baltimore County Courthouse. The bidding began at $23 million, and two bidders, who seemed to be unknown to the crowd, competed until the sale was final at $28.5 million.
Lender retakes Towson Commons
Towson Commons, the 325,000-square-foot office and commercial development in the heart of Baltimore County, was auctioned Tuesday for $28.5 million on the steps of the courthouse in Towson. The auctioneer, Paul Cooper, vice president of Alex Cooper Auctioneers, declined to reveal the name of the buyer. But Joan Wallace, vice president of operations for Western […]
