T.Rowe Price - Red Run

Asset Type

Office

Address
10090 Red Run Blvd Owings Mills, MD United States 21117-4827
Asking Price

Contact for pricing

Sq Footage

112,287

Year Built

1990

Cap Rate

N/A

Additional Attributes

Property Description

JLL Capital Markets is pleased to present for sale 10090 Red Run Boulevard, a 109,326 SF, three-story, Class A office building located in Owings Mills, Maryland. The propery sits on 9.12 acres, has a 7,600 square foot data center, and 509 parking spaces. 10090 Red Run (the Property) has been occupied by its owner, T. Rowe Price, since its construction. T. Rowe Price has vacated the building and is consolidating operations into its newly constructed, six-building corporate campus less than a mile from the Property. This sale provides a unique opportunity to acquire a large block of Class A office space suitable for a large corporate tenancy, the potential for user occupancy, or repositioning for multiple tenants.

Investment Highlights

  • ACCESS TO LABOR FORCE - Baltimore County is ranked #7 in the country in population with a bachelor’s degree or higher. Many companies have corporate campuses immediately surrounding the business park including T. Rowe Price, and CareFirst
  • EASILY SUBDIVIDED FOR MULTI-TENANTING - Current infrastructure placements allows for minimum demolition and construction to multi-tenant the asset
  • UNIQUELY POSITIONED ASSET - The asset is fully vacant, providing the opportunity for an owner-occupier, or subdivision into a multi-tenanted building.
  • PROXIMITY TO TRANSPORTATION - The Baltimore Metro SubwayLink’s Owings Mills Station, multiple bus lines, Interstate 795, which connects the Beltway (I-695) with Western Maryland, are located less than one mile from the property.
  • HIGHLY AMENITIZED AREA - Within one mile of 10090 Red Run, there are approximately 1.9 million SF of retail space.
Listing Contacts
Jay Wellschlager
Jay Wellschlager
Managing Director, Captl Mkts
+65 3159 4021
Andrew Finkelstein
VP, Capital Markets
+65 3159 4021
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