Located at 110 Wicomico St. within the 500-acre Carroll Camden Industrial Park, the Raleigh Building, also known as the Raleigh Industrial Center, occupies a two-acre parcel and has a 2003 assessed value of just under $3 million. GFI Properties--which is working along with Woodlawn, MD-based software engineering firm Plexus Communications Group, and Baltimore, MD-based Kawasaki Group to realize the project--has big modernization plans for the property, but has not yet attached a price tag to the development endeavor. The development of a telecommunications incubator and a trade center at the property are being tossed around as potential options for part of the building's use.

GFI has positioned itself well in its pursuit to win permission to bring new life to the Raleigh Building. One member of the group, Plexus Communications, plans to relocate its 80-person corporate headquarters to the building. The Board of Estimates is expected to make its decision on the proposal by summer's end.