Pennsylvania-based Susquehanna Bank, the 37th largest commercial bank in the United States, plans to relocate its mortgage division from Hunt Valley to Owings Mills this month. It recently signed a lease for 12,750 square feet at 11155 Dolfield Boulevard. The lease increases the overall occupancy of the building owned by St. John Properties, Inc. to 95 percent.
The property at 11155 Dolfield Boulevard is a two-story, 71,400 square foot Class “A” office building. It is situated in Dolfield Business Park, near Red Run Boulevard and the Owings Mills interchange off Interstate 795. The building’s location puts it in an emerging residential and retail market that includes Metro Centre at Owings Mills, hotels, banks and restaurants. Downtown Baltimore is just 13 miles away, while the BWI Airport is 15 miles away. The landlord was represented by Will McCullough, Leasing Agent for St. John Properties. Mark Deering of MacKenzie Commercial Real Estate Services represented the tenant.
Jerry Wit, senior vice president of marketing at St. John Properties, said in a press statement that in recent years the office leasing activity in the Owings Mills and Reisterstown Road corridor has lagged slightly behind the pace experienced throughout Baltimore County. He added, however, that the northwest corridor is now experiencing a ”renaissance.” Office tenants are attracted to the region by numerous factors such as its transportation network, the new retail and residential development projects developed and under development in the area, the recent lack of new office buildings delivered and the expansion of Stevenson University.
Photo credits: St. John Properties, Inc.