New headquarters for Long & Foster to open

REAL ESTATE WATCH

May 19, 2002

Long & Foster Real Estate Inc. said it plans to open a new, full-service office and regional corporate headquarters in Lutherville by the end of this month.

The office, at 1312 Bellona Ave., will be off the Charles Street exit of Interstate 695.

The office, which will have 120 agents, will open May 29, but Long & Foster said it won't be fully operational until July.

The company chose the 25,000-square-foot site because of its location and visibility, said representatives, noting that the building will be a neighbor of the headquarters of the Greater Baltimore Board of Realtors.

"We have grown tremendously in the past year," said Cindy Ariosa, regional manager in the Baltimore region. The company's volume has increased more than 28 percent, and the agent population has grown as well, she said. "We felt that we needed a larger presence in Baltimore."

Moving from 400 E. Joppa Road, the main location of Grempler Realty Inc. before the company was bought by Long & Foster in September 2000, will be the insurance, title, property management and mortgage company divisions as well as a training center.

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