Capital improvement plans range from cosmetic renovations totheproperty, a re-lease of a vacant 60,000-sf big box store, thepossible development of a pad site fronting on Annapolis Road, anda planned shift to city-provided water and sewer, according to BobDougherty, senior vice president at Buchanan Street Partners.

"The property is on septic and well water now," he tellsGlobeSt.com. It will convert to public utilities in February/March2008.

Other improvements include resurfacing the parking lot andredoing signage.

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Erika Morphy

Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.