Bindagraphics Inc., the nation's seventh largest binding operation, is moving to a new, 121,800-square-foot office and manufacturing center in southwest Baltimore.
The $4.3 million building, which is currently under construction in the Crossroads Industrial Center, should be completed in the fall. Bindagraphics expects to move to the facility in December, officials said.
Bindagraphics also has two subsidiaries -- Quality Looseleaf Manufacturing and Tabs & Indexes -- in other locations in southwest Baltimore. All of the company's operations will be consolidated in the new building.
Founded in 1974, Bindagraphics is the largest bindery in the Mid-Atlantic region, with 200 employees and $10 million in revenues, officials said.
The move to the new building -- which is 33 percent larger than space the company currently uses -- will allow the firm to double its size in three years, said Bindagraphics President Martin Anson. The consolidation should also improve efficiency.
"Hopefully, under one roof, it will be a lot easier to manage," Anson said.
When the company started 18 years ago, it operated in a 10,000-square-foot building. In January of 1990, the company installed a modular binder designed to increase capacity and allow the firm to target specialty markets such as annual reports.
The firm has handled such projects as the binding of the 100th anniversary issue of the National Geographic Society's magazine and the McCormick & Co.'s famed spice-smelling annual reports.
Baltimore-based P.F. Obrecht is developer and general contractor of the new Bindagraphics building. RESTL Designers, also based in Baltimore, were architects for the project.
The Johns Hopkins Hospital has leased 18,000 square feet at Tyler Ridge in the White Marsh Business Community for use as its billing office. The new facility, at 8013 Corporate Drive, solves a space shortage for the hospital, said Senior Vice President Edward A Halle.
The following commercial real estate transactions were announced by W.C. Pinkard & Co.:
* Better Engineering Mfg. Inc., which produces degreasing machinery, has purchased a 30,000-square-foot building in the 8600 block of Town Center Court in White Marsh. W.C. Pinkard represented the buyer and Casey & Associates represented the owner.
* Ben Kel Corp. Inc., a producer and seller of fitness and weight loss foods, has leased 3,300 square feet in the 10000 block of Beaver Dam Road in Hunt Valley. W.C. Pinkard represented the tenant and landlord, Merritt.
* Serra Engineering and Manufacturing Co., a maker of marine sealant for boats, has leased 2,700 square feet in the 9500 block of Deereco Road in Hunt Valley. W.C. Pinkard represented the tenant. The landlord, Hill Management, represented themselves.
* The Rolm Company has renewed its lease for 17,100 square feet at Security Office Park in the 7000 block of Security Boulevard in Catonsville. W.C. Pinkard negotiated the transaction.
* AT&T has renewed a leased and leased additional space at Lakefront III in Hunt Valley. The total square footage leased was 9,400. W.C. Pinkard represented the tenant and landlord, Lakefront Limited Partnership III.
* Frances E. Steinberg Phd. has renewed a lease for 3,000 square feet in the 11000 block of Cronridge Drive in Baltimore. W.C. Pinkard represented the tenant. The landlord, MIE Investment, represented themselves.