From Harford County Government:
(Bel Air, MD) — Four of Harford County’s commercial real estate projects were named to the Baltimore Business Journal’s top 10 “Heavy Hitters In Real Estate.” In addition, five of the top 25 commercial real estate deals listed by the publication came from Harford County. The publication’s March 2010 supplement released last week recognized the best commercial and residential real estate deals in the Baltimore area, as nominated by industry professionals and the publication’s editorial team.
Harford County is home to the area’s top retail and industrial leases named in the top 10 – Wegmans at the Boulevard at Box Hill, Bob’s Discount Furniture in Perryman Center and Sun Products at 1900 Clark Road. G.A.T.E. at Aberdeen Proving Ground was named a top commercial development transaction.
“The County has been at the forefront of commercial real estate over the last year both because of BRAC and because of the unique potential we offer for growth,” said Jim Richardson, director of the Harford County Office of Economic Development. “To have four deals ranked at the top of this list during these tough economic times is a true recognition of our county’s impact on the economic health of the entire region.”
Top Dollar Deals
The Baltimore Business Journal also listed the area’s top 25 commercial real estate deals ranked by dollar value and closed by different real estate agent professionals . Harford County’s G.A.T.E. at APG, a $70 million sale and lease that will house Raytheon and L-3, was ranked number one.
The County had three other leases and a sale on the list: Mitre Corporation’s $15.7 million, 54,335 square-foot lease at 209 Research Boulevard in Aberdeen ranked fifth; Prime Source Building Products’ $7.8 million, 205,030 square-foot industrial lease at 600 Hickory Drive in Aberdeen ranked ninth, and Sun Products Corporation’s $7.2 million, 613,137 square-foot lease at 1900 Clark Road in Havre de Grace ranked tenth. The $3.6 million sale of 33,068 square-feet of space to hhgregg in the Tollgate Marketplace in Bel Air rounded out the top 25. For more information on real estate visit https://reali.com/los-angeles-real-estate/.
Richardson noted that according to the Mackenzie Companies Commercial Real Estate Market fourth quarter 2009 report, rental rates in Harford County are still commanding a higher price than any other Northern Metro submarket. “We offer location, location, location! BRAC-related contractors are looking for premium space in close proximity to APG. Retailers are looking for growth areas with easy travel access for customers,” Richardson said. “These rankings showed Harford County’s diverse growth in office, retail and industrial leases,” remarked Richardson.