OWINGS MILLS, MD–The Owings Mills Corporate Center here has been acquired by BECO Management Inc., according to a report in the Baltimore Business Journal.
No terms of the deal for Owings Mills Corporate Center I and II, which total 330,000 sf, were disclosed. Tenants in the complex include: Aon Corp., BB&T, the law offices of Sheila Murphy and CareFirst of Maryland.
Officials with the Rockville, MD-based firm say they plan to invest “significant capital in infrastructure, cosmetic and amenity improvements at the property” and plan to unveil its 100-day action plan on Jan. 8.
The Owings Mills Corporate Center campus is the perfect addition to our portfolio—like our other buildings, they’re well-constructed, provide an ideal development platform and are centrally located in a growth-rich location,” says Jeffrey Cohen, BECO Management’s co-founder and CEO in a press release. “Our team is hard at work transitioning the properties, improving the level of service, property maintenance and amenities to BECO standards, and building perfect work environment for current and future tenants.”
BECO’s portfolio totals more than 5.5 million square feet of office, flex and warehouse space throughout Maryland, Virginia and North Carolina. See story in the Baltimore Business Journal.