TOWSON’S STONEHOUSE CROSSING – INVESTMENT SALE TURNS INTO SUCCESSFUL COLLABORATION WITH OFFICE LEASING TEAM

A professional services client was seeking a new location for his company and wanted a value-add construction project. We identified this well-located, but tired and run down office property in Towson, MD. It included 2 buildings totaling about 30,000 square feet and was 50% occupied. We encouraged our client to acquire this property and then allow our company to handle leasing. The sale closed and our client quickly embarked upon a full renovation and re-branding to “Stonehouse Crossing”. We have successfully been able to lease up the project and keep occupancy near 100% in spite of strong headwinds from Covid.