BWI Concourse Drive
ASSET CLASS / LOCATION
Class A Office Park in Linthicum Heights, MD
TOTAL LAND AREA
26.36 acres (10.66 hectares)
TOTAL RENTABLE AREA
296,489 sq. ft. (27,545 sq. m.) + 1,248 parking spaces (surface)
BWI Concourse Drive is a three-building Class A office complex located in Linthicum Heights, Maryland. The property is located at a transportation nexus that provides a distinct competitive advantage for future leasing – it is less than a mile from the Baltimore-Washington International Airport (“BWI”), an Amtrak-Acela Railway station, a MARC rail station, and a WMATA Express Metro bus station. It also enjoys convenient access to several major highways and is a 45-minute drive from Washington D.C, a 15-minute drive from Baltimore, and less than 10 miles from Fort Meade. The third largest Army installation in the country, Fort Meade is home to the NSA and U.S. Cyber Command, having transformed from a traditional military base to a cutting-edge high-tech hub for cyber security and intelligence workers. The asset was underperforming its peer properties and was acquired at well below replacement cost, offering an opportunity to drive net operating income through improved leasing and management.