Developers happy with success of their new office building New offices are 40% leased before opening.

Commercial real estate

June 17, 1991|By Glenn Small | Glenn Small,Evening Sun Staff

Green Spring Business Center, a 30,000-square-foot commercial office building in Timonium, is 40 percent leased two months before it's to open.

The two-story, red brick and glass structure just off Interstate 83 on Green Spring Drive is nearing completion and will open Aug. 15, said Andrew Poffel of Poffel & Walker, the developer.

Poffel said the building was intended as a mix of office and light manufacturing or assembly space. So far, only office tenants have leased space, he said.

One tenant is the Terminal Corp., a Baltimore warehousing and distribution company that plans its main offices at Green Spring.

The other tenant, Robert A. Kinsley Inc., a construction company from York, Pa., is planning to make its Maryland headquarters in Timonium.

The Kinsley firm, which built the Merry-Go-Round headquarters building in Joppa last year, also designed the Green Spring Station building in Timonium, Poffel said.

Several other prospective tenants have expressed interest in Green Spring, Poffel said.

"We've been real fortunate with that building," said Poffel, referring to the slow real estate market.

Part of the reason, he said, is its location, in the heart of a bustling commercial and light industrial strip. But, he pointed out, the building is set off the main road and backs up against a lot of greenery.

The building is also close to the $440 million Northern Light Rail Line, currently under construction by the state. The line will eventually go all the way to Hunt Valley, but the initial phase will terminate in Timonium, very near Green Spring Station, although the exact transit stop has not yet been decided.

"It's a great location," Poffel said. "You're within five minutes of the Beltway and you're close to Hunt Valley."

The director of the Hunt Valley Transportation Association agrees that businesses near the light-rail line will benefit.

"It gives you access to entry-level employees," Bill McDonnell said. Eventually, it will also make it very easy for businessmen in Hunt Valley and Timonium to run downtown, or to Baltimore-Washington International Airport, he said.

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