KMS Group Inc. of Columbia says the Army Corps of Engineers will lease a 12-story, 250,000-square-foot office building at One National Business Park, taking off the market a building that has been vacant for two years.
The corps signed the lease Friday, says Larry Lichtenauer, KMS spokesman. Mr. Lichtenauer was not able to supply terms of the lease.
The National Business Park in Howard County has built about 400,000 square feet of space and expects to grow to 3 million square feet.
"It's a terrific deal for the National Business Park because it lends a great deal of credibility to the project," says Robert Oare, a broker for Manekin Corp. in Columbia.
"Certainly, it does a lot to firm up the marketplace down along Route 32," he said. "But did it just create problems somewhere else?"
The corps, which is based at Fort Meade, has offices throughout the southern suburbs of Baltimore, including those occupying 1.3 million square feet at the Airport Square complex just north of Baltimore-Washington International Airport.
J. Gilbert Haus Jr., vice president of the Airport Square Cos., says the corps has not told Airport Square whether it will be moving out of any space at the complex.
KMS is a subsidiary of Baltimore Gas and Electric Co.
Spokesmen for the Corps of Engineers and the General Services Administration, which handles most of the federal government's real estate affairs, were not available for comment.