Located at the intersection of Rockenbach and Annapolis Rds, Ridgeview Plaza presents a number of value-add opportunities to the firms. It is 53% occupied by a mix of national and local tenants, leaving the plaza ripe for a repositioning. Many of the long term leases are under market, and would be raised once they expire.

Also, area fundamentals are shifting, Terry Hindermann, principal of Altus tells GlobeSt.com, and will provide a huge influx of new traffic in the near term. "A new tenants base as well as the existing one will benefit from the growing office population here, in addition to changes at Ft. Meade's [realignment under the 2005 Defense Base Realignment and Closure Act] and the growing residential developments."

There is about 15 million sf of office development planned or underway in the area, he says. BRAC will add up to 36,000 jobs by 2010, meanwhile, through such initiatives as the relocation of the Defense Information Services Agency to Ft. Meade. Finally, there is a significant spurt of housing development scheduled for the area. "This is one of the more underdeveloped pockets of the Washington-Baltimore Corridor," he says, "and the amount of housing permitted for construction is huge." More people will be moving here from other BRAC-affected areas, he predicts, noting that few residents of Crystal City, for instance, are likely to be inclined to make the commute from Northern Virginia.