BALTIMORE – Transwestern Real Estate Services (TRS) announces it has been retained to provide brokerage services for four properties: 901, 920, 930 and 934 Ridgebrook Road, totaling 46 acres at Highlands Corporate Park in Sparks, Maryland. Transwestern’s Tim Hearn, Don Foran and Guy Copperthite are marketing the project situated in the Hunt Valley area of North Baltimore County for sale or lease on behalf of the receiver.
“Bob Elkins spared no expense when he originally developed this campus for Integrated Health Services,” said Hearn, Transwestern’s Senior Vice President. “The building and property designs are timeless with unique courtyards, campus arches and connecting walkways.”
The opportunity includes two Class A three-story buildings and 27.429 acres of vacant land zoned for future development offered individually or as an assemblage. The office buildings total 163,000 square feet and are 38% occupied.
Benefitting from its location within Highlands Corporate Park, the campus provides convenient access to Interstates 83 and 695 and proximity to Hunt Valley Towne Center, which features over 1 million square feet of restaurants, shops, hotels and entertainment.
“A price point 40% below replacement cost and existing in-place financing at an interest rate of 4.49%, with eight years of remaining term, make this project very attractive to both users and investor/developers,” said Hearn.
North Baltimore County’s economy remains strong due to a well-educated workforce, proximity to Baltimore and Washington, and low cost of living. The region has experienced stable population growth of 5.9% over the past 10 years and a median household income of nearly $100,000, which is 25% higher than the national average.
An image of the property is available for download here.
About Transwestern Real Estate Services
Transwestern Real Estate Services (TRS) adds value for investors, owners and occupiers of all commercial property types through a comprehensive perspective and by providing solutions grounded in sound market intelligence. Part of the Transwestern companies, the firm applies a consultative approach to Agency Leasing, Asset Services, Tenant Advisory + Workplace Solutions, Capital Markets, and Research & Investment Analytics.
The privately held Transwestern companies have been delivering a higher level of personalized service and innovative real estate solutions since 1978. Through an integrated, customized approach that begins with good ideas, the firm drives value for clients across commercial real estate services, development, investment management, and opportunistic endeavors for high-net-worth investors. Operating from 33 U.S. offices, Transwestern extends its platform capabilities globally through strategic alliance partners whose unique geographic, cultural, and business expertise fuels creative solutions. Learn more at transwestern.com and @Transwestern.
Media Contact:
Jaime Luckey
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jaime@luckeycomms.com
twmediarelations@transwestern.com
