Genstar Stone renegotiates lease in Executive Plaza

COMMERCIAL REALTY NOTES

April 01, 1992|By Edward Gunts | Edward Gunts,Staff Writer

Genstar Stone Products Co., a leading supplier of aggregate products and paving services, has renegotiated its lease for 40,875 square feet of the Executive Plaza complex in Hunt Valley.

The renegotiation marks one of the largest transactions of the year for the Hunt Valley area and the retention of a major tenant by Hill Management Co. for Executive Plaza, at 11350 McCormick Road.

Sharon Caplan and Robert Manekin of Manekin Corp. represented Genstar, and Anthony Julio and Kristan Harvey of Hill Management represented Executive Plaza.

Financial terms of the lease were not disclosed, but it enables Genstar to remain at Executive Plaza for nearly eight years, with options to renew or to cancel after five years, according to Mr. Manekin.

"While Genstar carefully scrutinized other alternatives, the aggressive economic deal at Executive Plaza, coupled with a tradition of capable on-site management, dictated keeping their current location," Mr. Manekin said.

Brass Under Glass

A glass office building in Baltimore County will become a concert hall at 5 p.m. Sunday when the Annapolis Brass Quintet, the Tower Brass Quintet and the Philadelphia Brass Ensemble perform at the USF&G Corp.'s Fidelity and Guaranty Life Insurance Co. building at 6225 Smith Ave. in Mount Washington.

"Brass Under Glass" is the title of the event, which begins with a brief talk about the building by architect Charles Brickbauer of Peterson and Brickbauer. Tickets are $17 and are available from Brass Maryland at 235-4302.

Pikesville restaurant

Jonathan Soudry, owner of La Provence restaurant in Hopkins Plaza, plans to expand into the Pikesville area by opening an upscale restaurant and delicatessen called Poulet: Jonathan's Rotisserie.

Rita St. Clair Associates is the interior designer for the restaurant, which will open in May in the former Geoffrey's Ski Hut location at McHenry Street and Reisterstown Road. Mr. Soudry plans to retain all of his operations in Hopkins Plaza, including The Bistro, The Grand Slam Deli and the Baltimore Bazaar, in addition to La Provence.

The concept for Poulet, Mr. Soudry said, stems from the current trend among French chefs of providing healthful food, without sacrificing flavor, at a moderate price. Rotisserie chicken and turkey breast will be served along with a deli menu.

Around the region:

* American Office, a regional office furnishings dealer, is renovating its headquarters at 309 N. Calvert St. as a sign of its commitment to staying in Baltimore. The company is celebrating its 60th anniversary and plans to hold a grand reopening for the building in the fall.

* Riparius Construction will have a topping-off ceremony at 11 a.m. today to mark completion of the highest point of a four-story, 93,000-square-foot addition to the McCormick & Co.'s Flavor Division facility at Wight Avenue and Pepper Road in Hunt Valley. Gaudreau Inc. is architect for the project, which is scheduled for completion by Dec. 1.

* An auction of Pheasant Run Shopping Center in Laurel was canceled yesterday after the owners of the 15,386-square-foot retail center filed for bankruptcy. The filing enables the shopping center at the northeast corner of Mallard Drive and Laurie-Bowie Road to remain open while its owners seek a way to pay creditors.

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