Medical office center in Rossville offers suites for sale New, four-story brick building near Golden Ring Mall is 60 percent sold.

Commercial real estate

April 03, 1991|By Kevin Thomas | Kevin Thomas,Evening Sun Staff

Rossville Medical Center, a new medical office building in Baltimore County, has joined the ranks of those offering suites for sale rather than lease.

The condominium building, located in the 1200 block of Race Road near Golden Ring Mall, recently held its grand opening celebration and is currently about 60 percent sold.

The 4-story-brick structure, constructed for approximately $1.2 million, will eventually house up to twelve medical practices.

Office suites range from 1,060 square feet to 3,900 square feet.

Suite prices begin at $142 a square foot.

Patrick Turner, general partner at Race Road Limited Partnership, developer of the medical center, said he estimates that a buyer purchasing a standard unit could save up to $68,000 in 10 years by buying at Rossville instead of renting a nearby facility.

Race Road Limited Partnership also developed Henrietta Square Apartments in Federal Hill, which were completed in 1988, with a wing added in 1990.

Skills Bank Corp., a manufacturer of educational software, has moved operations from Linthicum to the Rutherford Business Park in Baltimore. The company has leased 15,000 square feet of space at 15 Governors Court, a Rouse-owned building.

Cable & Wireless Communications Inc., a telecommunications firm based in London, has leased 3,452 square feet of office space at the Candler Building at Pratt Street and Market Place.

The office will house approximately 20 employees who will be involved in sales of long-distance services to commercial customers in the United States, said Greg Harris, a spokesman for Beacon Management Co., which manages the Candler Building.

Douron, Inc., distributor of office and educational furniture, has purchased the building recently vacated by the Maryland National Bank branch at the intersection of Painters Mill, South Dolfield and Music Fair roads in Owings Mills.

Douron will be taking over part of the building for use as a office products retail store. Another part of the building will be occupied by Mercantile Safe Deposit and Trust Co., and additional space is available for lease, Douron officials said.

Douron is also completing a new 8,800-square-foot addition to its warehouse at 40 New Paint Court in Owings Mills.

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