Merritt Properties, a full-service commercial real estate developer with over 16 million square feet of space throughout Maryland and Virginia, has purchased 226 Schilling Circle in Hunt Valley, Md. The company plans to fully redevelop the vacant 98,640-square-foot office building, which was previously the home to McCormick & Company.
Merritt Properties’ I-83 Corridor portfolio is 94% occupied and, with this acquisition, now totals over 1.4 million square feet of office and flex-warehouse space.
A speculative construction project, Schilling Green III will be a three-story Class A office that is intended for LEED Silver certification. Its location is within a half-mile radius of five other Merritt properties, including Schilling Green, a near identical building originally built in 1980 that Merritt redeveloped in 2008. This Class A office property was the first speculative LEED project in the I-83 corridor and named the 2009 USGBC-MD Green Core & Shell Project of the Year.
For more information, visit Merritt Properties’ website.
Source: Merritt Properties