Merritt Properties LLC has acquired 10 Loveton Circle, a 42,000-sf office in Sparks, MD from Becton Dickinson Cos. for $4.5 million.

The Baltimore-based developer plans to build 2 Loveton Circle, a four-story, 120,000-sf office building on a 12-acre parcel of land it acquired with the building. It plans to lease out 10 Loveton Circle.

Colliers Pinkard represented the seller; Merritt represented itself.

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