WHITE MARSH, MD – Baltimore, MD-based, Merritt Properties has purchased a former General Motors Baltimore Global Propulsions Systems site in White Marsh, MD.
Merritt Properties is planning to redevelop the site, located at 10301 Philadelphia Rd. in Baltimore County.
The former facility originally opened in 2000 to produce transmissions and electric motors, before it closed in 2019.
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The 56-acre redevelopment project will consist of demolishing the existing plant, and constructing up to nine, one-story buildings, totaling 750,000 square feet. The site will be titled, White Marsh Interchange Park.
"This will create space for 50 to 100 businesses to establish and grow, leasing from 2,700 to 50,000 square feet or more," states Merritt Cos. CEO, Scott Dorsey. "We anticipate that these businesses will provide good jobs for 1,200 to 1,500 people."
The project's construction will be managed by Merritt Cos.' construction division, Merritt Construction Services.
CBRE's Bo Cashman and Jonathan Beard represented the seller in the transaction.
"We are excited to have the opportunity to develop this property. The exceptional location offers excellent access to I-95 and the Beltway, great amenities in White Marsh, and a highly-skilled, educated workforce," says Dorsey. "We are seeing a surge in demand from businesses that want to locate to this area, while the supply is extremely limited."
"As Baltimore County continues our economic recovery from the COVID-19 pandemic, we welcome Merritt Properties' investment in dynamic redevelopment projects like this that will welcome dozens of new businesses, create jobs for working families and bring new opportunities to our communities," says Baltimore County executive, Johnny Olszewski. "We're excited about Merritt Properties' clear vision for the future of this site that will support economic growth in eastern Baltimore County for years to come."
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Ingrid Tunberg
Ingrid Tunberg sits on the editorial team as a coordinator and reporter for Real Estate Forum and GlobeSt.com. She is responsible for writing stories, assisting with industry awards and marketing nomination events. Previously, Ingrid worked as a copywriter across various industries throughout New York City and Chicago.
