Baltimore Life to hold groundbreaking

COMMERCIAL REALTY NOTES

March 27, 1991|By Edward Gunts

The Baltimore Life Insurance Co. will hold a groundbreaking ceremony beginning at 1 p.m. today for its $12.5 million headquarters building in Owings Mills.

Scheduled for completion by late 1992, the five-story, 103,000-square-foot building will replace Baltimore Life's current headquarters at 901 N. Howard St.

Company executives decided to move more than a year ago after state officials decided to route the light rail line under construction from Glen Burnie to Hunt Valley through part of the Baltimore Life property.

The company has since sold its building to the state, which will make it the headquarters for the Mass Transit Administration when Baltimore Life moves out.

"The new home office building represents an important milestone for Baltimore Life and will provide the foundation for our continued growth," said Joseph E. Blair Jr., the president and chief executive officer. "The building has been designed specifically for our needs. It will enable Baltimore Life to operate more efficiently and, at the same time, will offer employees a more attractive work environment located in a beautiful campus setting."

Ayers Saint Gross Inc. is the architect for the building, which will sit on a 7.1-acre parcel within McDonogh School's Owings Mills Corporate Campus off Red Run Boulevard. Forte Design is the interior designer.

Baltimore Life plans to occupy the first through fourth floors and will lease the 20,000-square-foot fifth floor to other tenants. As part of its planning, the company has hired a specialist in urban forestry, Steve Clark and Associates of Brentwood, Tenn., to work with the design team to maintain much of the site as an urban wildlife refuge.

Around the region:

* Kasco Chesapeake Builders Inc. of Reisterstown has been awarded a contract to build a 94,401-square-foot store in Easton for Wal-Mart Stores Inc. Construction began this month and is scheduled for completion by late fall.

* Marriott Corp. has announced the first franchises of its moderately priced Courtyard Hotels. Three former Compri hotels Gaithersburg, Alexandria, Va., and Crystal City, Va., began operating as Courtyard hotels on March 1. They are being operated by Rahn Properties of Fort Lauderdale, Fla.

* Tuerk House, one of the oldest residential alcohol treatment programs in Maryland, has a new permanent location at 730 Ashburton St., site of the old Lutheran Hospital. The city-funded substance abuse treatment center moved from temporary quarters at the Westgate Motel on U.S. 40. When a $350,000 renovation project is complete this fall, Tuerk House will have 63 patient beds for alcohol and drug abuse treatment, 20 more than it had before.

* Baltimore's Housing Department has set May 10 as the deadline for proposals from developers interested in converting the former fire station at 3901 Liberty Heights Ave. in Forest Park. It also has set May 3 as the deadline for developers interested in recycling the former fire station at 5200 Liberty Heights Ave.

* Lee Miller of Cushman & Wakefield of Maryland Inc. has been named the exclusive sales agent for 7501 Pulaski Highway, a one-story, 79,832-square-foot warehouse, distribution, light manufacturing and high-technology facility. The owner, Clarke American, is seeking $2.4 million.

* DISC Inc., a company that provides integrated electronic wholesalebanking, customer service and software to financial institutions and others, has leased 31,836 square feet of office space at 25 Crossroads Drive in the McDonogh Crossroads Office Park near Owings Mills. Beginning Aug. 1, DISC will occupy space being vacated by Jos. A. Bank Clothiers, which is moving its administrative offices to its distribution center in Hampstead. Robert J. Aumiller of J. Scott Wimbrow of MacKenzie and Associates represented the landlord. Carey Martien of Industrial Realty Co. Inc. represented DISC.

Other new tenants of 25 Crossroads Drive include CMG Health, a manager of health and chemical dependency treatment programs, which leased 12,467 square feet, and Pagenet, a paging company, which leased 9,460 square feet.

* Staples, a national office supply discount chain, has leased 20,000 square feet of space for a Baltimore store at 1000 Russell St. and plans to open it next month. Karen Wilner of Kayne Levin Neilson Bavar Realtors represented the tenant and landlord, Hill Management Services.

* Walker & Dunlop has arranged $3.6 million in financing for the Southern Medical Building, a seven-story, 70,513-square-foot structure at 9131 Piscataway Road in Clinton. Confederation Life Insurance Co. provided the permanent mortgage financing to Beco Associates. Walker & Dunlop also arranged $3.9 million in financing for the Bethesda Avenue Row West Shopping Center in Bethesda. The Hartford Life Insurance Co. provided the permanent mortgage financing.

* Brennan Beer Gorman Monk/Interiors has designed new offices in the Apex Building in Bethesda for Tenera L. P., a consulting firm. Construction of the 15,500-square-foot space is scheduled for completion this month.

* Sam H. Hedges III has joined the Columbia office of Kayne Levin Neilson Bavar Realtors.

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