Aug
14
Baltimore LEED Gold Certified Asset Changes Ownership
ByThe buyer already owns more than 3 million square feet of space located across the state of Maryland, with some 825,000 square feet concentrated within the Towson/Timonium submarket of Baltimore County.
Baltimore-based Merritt Properties has expanded its footprint in the Northeast with the recent acquisition of a five-story office building located in Baltimore’s Towson area. The company purchased the 121,414-square-foot property at 100 West Road from TA Associates Realty of Boston for an undisclosed price.
“Towson is a major employment center and a hub of a variety of businesses and corporate headquarters,” said Scott Dorsey, CEO of Merritt Cos., in prepared remarks. “In addition to representing a stable market, the area is growing rapidly as evidenced by many recent developments.”
TA Associates Realty acquired the office property from Maryland State Retirement and Pension System for $18.8 million in 2011…
