Real Estate Journal — Owners, Developers & Managers — August 24 - Sept. 13, 2018 — 27B
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M id A tlantic
O wners , D evelopers & M anagers New owners plan to develop mixed-use business community in White Marsh Atapco Properties & CREG joint venture acquire 52-acre former Paragon Outlets site
ALTIMORE, MD —A joint venture partner- ship between Atapco Properties and Chesa- peake Real Estate Group, LLC (CREG) have acquired a 52-acre parcel of land, lo- cated at the intersection of MD Rte. 43 and I-95 in the White Marsh section of Bal- timore County from Paragon Outlets Baltimore. Formerly the site of a proposed 525,000 s/f retail outlet shopping cen- ter, the new owners intend to develop a mixed-use busi- ness community, which may include industrial, retail and office uses. Atapco Properties and Chesapeake Real Estate Group are both Baltimore- based, full-service real estate development companies. The project team is working on concept plans and more details on the project will be available soon. “This site is shovel-ready and we intend to leverage the existing pent-up demand for strategically-located office/ warehouse and e-commerce space along the Interstate 95 corridor,” explained Jim Lighthizer , founder and Owner of Chesapeake Real Es- tate Group. “Few sites in the Mid-Atlantic region can match this project’s outstanding highway visibility and access from Interstate 95, proxim- Urban Engineers promotes DiValentino to VP & director of strategic operations PHILADELPHIA, PA — Urban Engineers announced that John DiValentino, PE , has been promoted to vice president and director of stra- tegic operations. He has been with the firm for 18 years, and previously served as the firm’s deputy director for facility con- struction management. “I could not be more excited to have John filling this new position for Urban,” said firm president Kenneth Fulmer, PE . “He is a home-grown tal- ent who has worked across disciplines, having been in- volved in many of our different service lines. He is the perfect choice to help align the firm’s resources.” The expansion of Urban, both geographically and by practice, has necessitated the creation of this position. B
ity to several ports including Baltimore, Philadelphia and Wilmington and access to nearly one-third of the United States population within a one-day truck drive. We have recently begun marketing the site to end-users and it is being extremely well-received.” “Atapco has developed a number of other similar busi- ness parks with retail compo- nents, and this site is among the best,” said Brian Conk- lin , director of acquisitions for Atapco Properties. “This high-profile site, with 2,000 s/f of frontage along I-95, will
finally be developed and we are excited to be working with Chesapeake’s team again.” Chesapeake Real Estate Group and Atapco Properties have completed a number of real estate projects together including Antrim Commons Business Park in Pennsyl- vania, Patuxent Range Road in the Baltimore Washington Industrial Park in Maryland, and Chesapeake has been the leasing broker on the highly successful Steeplechase 95 International Business Park, located in Prince George’s County, Maryland.
Intersection of MD Rte. 43 & I-95 Baltimore County
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