The Travelers Cos. has announced plans to lease 30,000 to...

COMMERCIAL REALTY NOTES

July 29, 1991

The Travelers Cos. has announced plans to lease 30,000 to 40,000 square feet for its Baltimore area field office at the six-building, 80,000-square-foot Tyler Ridge development on Corporate Drive in the White Marsh Business Community. The insurance company plans to move from its offices in the Dulaney II office center in Towson by April 1, 1992. Nottingham Properties is developing the project and plans to begin building the Travelers building this summer. Hofmann & Associates is the architect.

Courtyard Hotels, the Marriott Corporation's moderately priced chain, is opening a 152-room hotel today at 8910 Stanford Boulevard in Columbia. It is the third Marriott Courtyard to open in the Baltimore area, joining hotels in Hunt Valley and the Baltimore-Washington International Airport area. Last month, Courtyard Hotels opened a 152-room hotel at 6301 Golden Triangle in Greenbelt.

W. C. Pinkard & Co. Inc. and Parker Frames & Co. Inc. have completed their previously announced merger and have consolidated under the name of W. C. Pinkard & Co. Inc.

Thomas C. Hearn has been named executive vice president and partner of Latshaw Commercial Properties. Before joining Latshaw, he was vice president of Parker Frames & Co.

Fred Kern and Roger Rice of Rice Kern Realty Inc. in Bel Air have added an associate, Donnell M. "Beetle" Smith Jr., and renamed their firm Rice Kern Smith Realty Inc.

NIRSystems, a manufacturer of infrared analytical equipment, has moved into a new headquarters in Tech Center 29, a high technology park in Silver Spring.

Latimer & Buck, a subsidiary of Legg Mason Inc., has arranged a $6.4 million permanent loan for the Elkridge Corners Shopping Center at U.S. 1 and Montgomery Road in Howard County. Developed by L&M Associates of Baltimore, the 74,000-square-foot center opened in December and is nearly 100 percent leased. Latimer & Buck arranged financing through Provident Mutual Life Insurance Co. of Philadelphia.

The Legg Mason Building's owners have let the final two contracts in a $4 million renovation, which includes cleaning and repointing of the exterior, a new heating, ventilation and air conditioning system and general "space modernization." Built in the late 1920s, the building at 7 E. Redwood St. is 98 percent leased.

Brown & Craig, a Baltimore-based design firm, has been hired to design two retail projects in the Baltimore area: a 280,000-square-foot project for Lerner Development Corp. called Annapolis Harbour Center, and renovation of the 700,000-square-foot Westview Mall in Baltimore County for Balcor Development.

Richard Polan Associates Inc. recently completed design and construction administration for Metro Centre, the conversion of an office and manufacturing facility for the Chimes Industries to a 10,000-square-foot retail center at 6400 to 6408 Reisterstown Road. Vanguard Equities Inc. was developer of the project, which is fully leased.

CB Commercial Real Estate Group has appointed William S. Roohan vice president of its Baltimore office. Mr. Roohan specializes in the sale of apartment properties and has sold more than $150 million worth in the past eight years.

Quille Parking Co. has opened a new parking lot at 1001 E. Fayette St., near Exeter Street and immediately south of the downtown U.S. Post Office.

Oak Contracting Corp. has been named by the Howard County Department of Education to serve as construction manager of the $7 million replacement for Elkridge Elementary School on Montgomery Road between U.S. 1 and Lawyer's Hill Road in Elkridge. Nichols Architects of Columbia is the designer.

Corridor Brokerage Services Inc. has been named the exclusive listing agent for two Columbia projects, both owned by Martin S. Himeles Sr.: Equus Court on Rumsey Road and Standard Court on Red Branch Road. Rob Freedman of Corridor Brokerage Services is the agent in charge.

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