Thank you for sharing!

Your article was successfully shared with the contacts you provided.

LARGO, MD-Relying on the assistance of commercial real estate services firm Scheer partners Inc., the First Baptist Church of Glenarden has acquired a 76-acre parcel in Largo, near Glenarden, for $6 million. Almost simultaneously, Scheer partners orchestrated the divestiture of 41 acres of the church’s new property, now under contract to Winchester Homes and William F. Chesley Real Estate Co.

The remaining 35 acres will be added to First Baptist’s existing property on which it is currently developing its new home. The site will ultimately house a 4,000-seat worship center, chapel, banquet facility, administrative areas, and parking space to accommodate over 2,000 vehicles.

“We have extensive experience in providing real estate counsel to religious and non-profit organizations,” says Scheer Partners executive committee chairman Charlie Dukes Jr. “There are many financial benefits that real estate affords to these and related groups. We were able to work with the First Baptist Church and provide them with a real estate plan that best complemented their growth strategy both financially and physically.”

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 © 2022 ALM Global, LLC. All Rights Reserved.