NEWS
By Consella A. Lee and Consella A. Lee,Staff Writer | August 12, 1993
Adheron Inc., a biotechnology company that develops adhesives from marine bacteria, is the latest company to lease space at Parkway Center I, pushing the occupancy rate at the industrial park near 99 percent.That's the highest level of any such park in the Baltimore-Washington area, said David R. Paulson, vice president of marketing for The Svatos Co., the park managers.The claim could not be independently verified, however.Leases with Adheron, Southwestern Bell Mobile Systems Inc. and two other companies, total 83,925 square feet of space at the center near Baltimore-Washington International Airport, Mr. Paulson said.
BUSINESS
By Kevin L. McQuaid and Kevin L. McQuaid,Sun Staff Writer | September 20, 1994
NationsBank Corp. plans to auction a largely undeveloped Frederick County industrial park next month as part of a debt settlement with the development firm Merritt.The Oct. 11 auction, involving 46 acres and one of two buildings in Merritt's CenterPark project, comes more than a year after the bank filed a foreclosure suit against the developer for failing to repay promissory notes totaling $10.7 million, according to documents filed in Baltimore County Circuit Court."The problems we encountered with the project were a function of problems in the general economy and the real estate world in particular," said one Merritt executive.
NEWS
By JACQUES KELLY | May 2, 1994
The ancient Clipper Industrial Park is a remarkable Baltimore landmark shoehorned between the northeastern flank of Druid Hill Park, Television Hill, the Jones Falls Expressway and the Woodberry light rail station.Although the industrial park is listed on the National Register of Historic Places, I'll bet it's Baltimore's least known landmark.This campus of 19th century foundry buildings has been quietly converted into a kind of art studio village. It got some attention yesterday when a handful of painters, sculptors, potters and woodworkers staged an open house as part of the citywide Sixth Open Studio Tour.
NEWS
By Anne Haddad and Anne Haddad,Staff writer | June 26, 1991
The Planning and Zoning Commission approved a site plan Monday for anew industrial park off Route 30, while raising concerns about a "natural" buffer to hide the park from view of residents of the nearby Robert's Field development.The developer, Charles C. Harwood of Pembroke Development in Owings Mills, Baltimore County, must present a more detailed plan before the project can go forward. No date has been set for Harwood to submit a preliminary plan to the commission.The buffer could be either trees or a hill, said Councilman Arthur C. Moler, the commission chairman.
NEWS
By Consella A. Lee and Consella A. Lee,Sun Staff Writer | April 27, 1994
A U.S. Bankruptcy Court judge in Baltimore yesterday approved a disclosure statement and reorganization plan for Marley Neck Industrial Park, which owes its creditors more than $20 million.The Curtis Bay office-warehouse industrial park filed a bankruptcy petition March 16 under Chapter 11, allowing reorganization and payment of debts. The case went through bankruptcy court in 41 days.The park's chief creditor is Barclays Bank PLC.Arundel Industrial Park Inc., a Delaware subsidiary of Barclays, will assume ownership of the 101-acre park on Cabot Drive.
NEWS
By Anne Haddad and Anne Haddad,Staff writer | April 17, 1991
The Town Council pushed city limits southward Monday, voting unanimously to annex 45 acres of industrially zoned land along Route 30.The vote came after a public hearing in which one person questioned the move. Council members, however, expressed no reservations.Developer Charles Harwood of Upperco had sought the annexation. He plans to build an industrial park after he buys 36 of the 45 acres from current owner Helen Hoffman.Three remaining lots on the newly annexed land are owned by Maurice Hampshire, Charles Bosley of Bosley Construction Co. and Grove Brothers Inc. construction.