Linthicum, MD

Investment Partners
Grander Capital Partners
Boston Andes Capital

Project Type
Office

Acquisition Date
2016

Project Overview

1304 Concourse Drive is the most recently constructed of the three buildings in the Concourse Drive Campus. The 97,926-square-foot building is 100% leased to high-quality tenants including Northrup Grumman. The three-building campus totals approximately 296,500 square feet situated on over 26 acres. The location offers excellent access to Route 95, the Baltimore-Washington Parkway, BWI Airport, and the Amtrak Train Station. It is also less than 10 miles from Fort Meade, the third largest Army installation in the country, and Maryland’s largest employer. We believe that this location at a transportation nexus will provide a distinct competitive advantage for future leasing.

We acquired the underperforming asset well below replacement cost, offering an opportunity to reposition the property to drive net operating income through improved leasing and management.