Chase Bank moving unit to Hunt Valley

Commercial real estate

February 13, 1991

Chase Bank of Maryland has leased 21,548 square feet of space at 1101 McCormick Road in Hunt Valley.

The bank's mortgage processing center, which is located in Timonium, will move into the space in early April. Roy Duryea, facilities manager for Chase Bank, said the move will allow the bank to consolidate a number of departments.

Currently 80 percent of the 60,000 square feet of space at 11011 McCormick Road is leased. The building is located in the Hunt Valley Business Community, a 435-acre office and research and development park.

The office and research and development building was part of properties the Rouse Co. and Teachers Insurance and Annuity Association acquired from McCormick Properties in 1988.

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Parker Frames & Co. is looking for a buyer for 12,120 square feet of land and a small vacant building at 501 W. Lombard St.

Mitch Gold, a marketing associate with Parker Frames, said possible users for the land would be as a site for a restaurant or entertainment establishment. Another possibility would be using the land as a site for a baseball stadium-related business.

The owner, Hertz Corp., is seeking $1.25 million for the property.

* Columbia-FreeState Health System has moved into a new medical center in Anne Arundel County.

The health maintenance organization is leasing 69,000 square feet in two buildings at the West Woods Business Park in Annapolis after outgrowing its old offices on Riva Road.

The Annapolis Regional Medical Center at West Woods features pediatrics, radiology, pharmacy, internal medicine, family practice, ophthalmology, obstetrics and gynecology and dental services. Columbia-FreeState is leasing 4,000 square feet in a 72,000-square-foot building and 65,000 square feet in a 126,000-square-foot building.

West Woods Business Park was developed by the Rouse Co. Norwood Industrial Construction Inc.'s Columbia office was the buildinger and F. Daniel Cathers of Columbia was the architect. Columbia Design Collective was the interior designer.

Kayne/Levin/Neilson/Bavar Realtors reports that 1990 was profitable for the commercial real estate brokerage with nearly $160 million in transactions.

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Following are recent commercial real estate transactions:

* The Baltimore County government has leased 9,600 square feet of storage space at 1800 Woodlawn Drive in Baltimore, 1,800-square-foot office building in Hunt Valley. Brennan will occupy the entire two-story building, which is located in the Hunt Valley Business Park.

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Following are recent commercial real estate transactions:

* The Baltimore County government has leased 9,600 square feet of storage space at 1800 Woodlawn Drive in Baltimore, ccoding to KLNB Realtors.

* First Dearborn Life Insurance Co. has leased 1,550 square feet in the Foxleigh Building, located at 2330 W. Joppa Road, according to KLNB.

* A & R Inc., a retailer of children's furniture, has leased 3,450 square feet at 9151 Rumsey Road, according to KLNB.

* H & R Block has leased 1,370 square feet at Rivertowne Commons in Oxon Hill, according to Hicks & Rotner.

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