Cadmus Journal Services selects Linthicum site

January 22, 1994|By Timothy J. Mullaney | Timothy J. Mullaney,Staff Writer

C Cadmus Journal Services Inc. said yesterday it has tentatively selected the Airport Square complex in Linthicum for a new headquarters and expects to sign a lease within about 30 days.

The move will shift about 90 percent of the company's 300 Baltimore-area employees out of the city, where they work in the headquarters of Waverly Inc. in the city's Mount Royal neighborhood.

Cadmus, a printer of scientific and medical journals, was formed when Richmond, Va.-based Cadmus Communications Corp. bought Waverly Inc.'s Waverly Press division last fall.

Cadmus executive vice president John Garel said that the company had seriously considered the Candler Building at 111 Market Place in Baltimore's Inner Harbor. But, he said, access to inter-city air and rail connections, competitive pricing and comfort, as well as the security of a suburban location, were key factors in choosing the Linthicum site.

Ed Spiva, executive vice president of Baltimore Development Corp., said yesterday that Cadmus had not notified the city that it had moved so close to a decision to move out of town. He said that the city had expected to have more discussions with the company before a decision was made.

Wayne R. Gioioso Jr., president of Mid-Atlantic Properties Inc. of Cockeysville, Cadmus' real estate broker, defended the company's decision.

"I don't know that we pulled the plug [on the city]," Mr. Gioioso said. "The overall forces to move to that area were too strong. . . . The economics of the deal were better out there."

Assuming negotiations are successfully completed, the company plans to move into 41,000 square feet of space in the Airport Square 7 building, which has been vacant since Westinghouse Electric Corp. moved out in 1992. The building has about 51,700 square feet of space.

The most significant remaining hitch is that the company is still trying to work out a deal with state economic development officials to get state retraining assistance for company workers. That money would give the company incentive to move some of its Virginia-based employees to Maryland. The company may move about 80 workers now in northern Virginia to Linthicum pending the talks, he said.

Baltimore Sun Articles
|
|
|
Please note the green-lined linked article text has been applied commercially without any involvement from our newsroom editors, reporters or any other editorial staff.