Real Estate Weekly ? 5/18/12: Boscov's returning to White Marsh Mall

Posted: 1:26 pm Fri, May 18, 2012
By Daily Record Staff

Boscov?s returning to White Marsh Mall

Boscov?s will open a department store at White Marsh Mall in November, inside the same 197,000-square-foot store that it closed in 2008, along with two others in the Baltimore area, after filing for bankruptcy protection. ?I?m glad we are returning to White Marsh Mall,? said Albert Boscov, chairman and CEO of the Reading, Pa.-based chain. ?It was a great store, and we look forward to creating a new, more exciting Boscov?s in the Baltimore area.? The company is also opening a 180,000-square-foot store in Woodbridge, N.J., expected to open in August 2013. Both locations are in malls owned by Chicago-based General Growth Properties Inc.

Garrett County boosts hotel tax

(AP) Garrett County officials say a boost in the local hotel tax will help pay for the county?s recent acquisition of a manmade whitewater course in Western Maryland. The Cumberland Times-News reported that the county commissioners voted Tuesday to raise the hotel tax from 5 percent to 6 percent, effective July 1. County Administrator Monty Pagenhardt said some of the new revenue will reimburse the county?s $600,000 expense for paying off loans on which the Adventure Sports Center International had defaulted. Pagenhardt said the higher hotel tax will also fund tourism promotion and economic development.

MacKenzie GIS unit honored?by Baltimore SmartCEO magazine

MacKenzie GIS & Research, a business unit of The MacKenzie Cos. that provides map-enabled market research using geographic information systems (GIS) technology, has been awarded a VOLT:Leaders in Technology award by Baltimore SmartCEO magazine. Acknowledged by the regional publication as a Technology Implementer (Large Company category), the award recognizes a ?company?s creative vision, leadership philosophies, innovative strategizing and undeniable work ethic.?

PERSONNEL

Samantha Humphreys

PLDA Interiors, a Baltimore-based, full-service interior design and space planning firm, has added Samantha Humphreys as a senior designer. Humphreys? professional background is principally in health care and hospitality design. She holds a Bachelor of Architecture degree from Rensselaer Polytechnic Institute and a Bachelor of Interior Design degree from Virginia Tech.

MacKenzie Commercial Real Estate Services announced that Bethany S. Hobbs has joined its Maple Lawn office in Fulton as a real estate advisor. Hobbs will specialize in the sale and leasing of commercial office space in the Baltimore-Washington corridor. Prior to joining MacKenzie, Hobbs worked in the marketing and IT support areas for Studley Inc., a tenant representation boutique firm in Washington.

Broad Street Realty, a Bethesda-based commercial real estate services firm, announced that Senior Vice President Chris Coccaro has been named a 2011 CoStar Power Broker by CoStar Group, a Bethesda-based company that provides information services to the U.S. commercial real estate industry. The CoStar Power Broker award highlights the achievements of the U.S. firms and individual brokers who closed the highest transaction volumes in commercial property sales or leases for the 2011 year in their respective markets. Coccaro was also recently named a 2011 Top Maryland Leasing Agent by the Greater Washington Commercial Association of Realtors, a regional trade association dedicated to serving commercial real estate interests throughout the District of Columbia, Suburban Maryland and Northern Virginia.

LEASES

IP DataVault LLC, a data storage technology company, has leased 1,600 square feet of office space at 6021 University Boulevard, Suite 410, in Ellicott City. Jamie Campbell, Liz Tarran-Jones, Vince Bagli and Steve Shaw of Merritt Properties represented the landlord in the lease deal. The same team handled negotiations for Merritt in a lease signed by the National Society for Histotechnology for 2,862 square feet of office space at Columbia Corporate Park, 8850 Stanford Boulevard, Suite 2900, in Columbia. Kim Penny of CBRE represented the nonprofit organization in the transaction.

Merritt Properties also reported a lease for 2,685 square feet of space signed by Harvest Group of Hunt Valley, LLC trading as Nalley Fresh, which plans to open a restaurant in the space at Schilling Green II, 225 Schilling Circle, in Hunt Valley. Matt Haas of Colliers represented the tenant. Merritt?s in-house leasing team of Pat Franklin, Whit Levering, Lou Boeri and Ashley Combs represented the landlord. The same leasing team also represented Merritt Properties in the lease by Neil Hoosier and Associates of 3,333 square feet of office space at Owings Mills Corporate Campus, 10055 Red Run Blvd., Suite 100, in Owings Mills. The firm offers coordination of benefits and third-party liability services for health insurance providers.

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