Thank you for sharing!

Your article was successfully shared with the contacts you provided.

COLUMBIA, MD-Real estate development and management concern the Rouse Co. has made arrangements to buy its home, located at 10275 Little Patuxent Parkway, from current owner American Real Estate Holdings LP in a deal valued at $11 million. According to Howard County records, the property carries a 2003 assessed value of just over $8 million. The deal is expected to officially wrap up later this month.

Built in 1974 on a seven-acre parcel, the 150,000-sf building has served as home base to Rouse for the last three decades of the company’s nearly 65-year existence.

“It was always our wish to remain here and now we will,” company chairman and CEO Anthony W. Deering says of the deal. “We will also have the opportunity to implement some needed modifications to the building to bring it to a standard to suit us for the foreseeable future.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.