New real estate business formed by two developers

REAL ESTATE NOTES

September 12, 1990|By Edward Gunts

Edward H. Dickinson and Samuel F. Heffner Jr. recently formed the Airport Square Cos., a real estate development business that now controls all of the properties previously handled through Dickinson-Heffner Inc.

Mr. Dickinson and Mr. Heffner have built more than 5 million square feet of commercial and industrial space in the past 25 years. Airport Square will control 3 million square feet, making it one of the largest real estate development and management companies in the state.

Mr. Dickinson was involved in the initial assembling and development of the Hunt Valley Business Center. He and Mr. Heffner worked together on the 850,000-square-foot Social Security Building in Woodlawn, the 220-acre Baymeadow Industrial Park in Glen Burnie and the 300-acre Airport Square Technology Park near Baltimore-Washington International Airport.

In addition to controlling 3 million square feet of space at Airport Square Technology Park and Baymeadow Industrial Park, the new joint venture plans to construct an additional million square feet at Airport Square Technology Park.

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Darling Harbourside, a festival marketplace that developer James Rouse's Enterprise Development Co., helped build in Sydney, Australia, won the 1990 Tourism Award for Excellence from the State of New South Wales Tourism Industry Association. With 23 million visitors since its opening in 1988, Darling Harbourside is the No. 1 tourist attraction in New South Wales.

Merlin International Properties Ltd. was the developer of the project, which resembles Baltimore's Harborplace pavilions, and Enterprise was the consulting developer. RTKL Associates Inc. of Baltimore was one of the architects.

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Around the region:

*Frederick Contractors Inc. is scheduled to begin renovations this week on a $2 million conversion of the old Mountain City Mill on South Carroll Street in Frederick to the Delaplaine Visual Arts Center. The 1893 building was used to store newsprint for the Frederick News-Post and was donated to the city of Frederick by the Delaplaine and Randall families of Frederick in 1987. Bairley, Maginniss and King P.C. is the architect for the renovation, which will begin with a ceremony starting Friday at 4 p.m. The renovation is scheduled for completion by early 1991.

*Baltimore County Executive Dennis F. Rasmussen will join Samuel Trivas, executive director of Hendersen-Webb Inc., for a ribbon-cutting ceremony tomorrow to mark the opening of the Hunt Valley Business Center, a 53,000-square-foot office and service center at 10944 to 10948 Beaver Dam Road in Hunt Valley. W.C. Pinkard & Co. is the leasing agent for the project, and initial tenants include Sears Business Systems, CMP International Trading Corp. and Integrated Automation Solution.

An open house has been scheduled for 4 p.m. to 6:30 p.m. tomorrow, and the ribbon-cutting will be at 6 p.m.

*The Festival at Woodholme shopping center at 1809 Reisterstown Road will celebrate its first anniversary Saturday with a fashion show beginning at 2 p.m. The 80,000-square-foot Trammell Crow Co. retail development has 28 stores and is fully occupied. On adjoining property, Trammell Crow has built an 80,000-square-foot office building and plans to construct two more buildings containing 130,000 square feet of office space.

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