Airpark Square, located adjacent to Carroll County Regional Airport in Westminster, Maryland, recently acquired by Holland Properties
Lee & Associates Maryland, a fully-integrated commercial real estate brokerage and management firm, has been named the exclusive leasing broker for Airpark Square, a four-building business community comprising nearly 112,000 square feet of commercial office space. Positioned adjacent to the Carroll County Regional Airport in the Westminster section of Carroll County, Maryland, the asset was acquired by Holland Properties earlier this month. Bill Harrison, Senior Vice President; Will McCullough, Senior Vice President and Michael Gosnell, Associate for Lee & Associates | Maryland will handle the leasing assignment on behalf of the company.
Airpark Square consists of 115 Airport Drive (16,340 square feet of space); 125 Airport Drive (35,778 square feet of space); 1129 Business Parkway (27,000 square feet of space) and 1135 Business Parkway (32,527 square feet of space). The single-story buildings are cumulatively 65% leased with approximately 40,000 square feet of space available. Each of the assets offer flexible layouts that provide a combination of commercial office, light manufacturing, warehouse and logistics space within the same bay. The buildings are surrounded by free surface parking lots and feature drive-in loading capabilities.
The business community provides roadside visibility from Interstate 97, the major north-south corridor serving the Carroll County marketplace and is less than two miles from MD Routes 140 and 27. Baltimore and Columbia are approximately 40 miles from the site, Frederick can be accessed in 30 miles and BWI Airport is less than 50 miles away.
“The local market has proven to be extremely resilient, with an overall vacancy rate hovering at approximately 7% for the greater Westminster area and just under 13% for Carroll County,” stated Bill Harrison of Lee & Associates. “Holland Properties recognized the long-term value of Airpark Square based on its flexible square configuration that can support a wide range of business uses including professional services, companies involved with light manufacturing and warehouse/logistics companies. Our team is extremely optimistic about our ability to reach full occupancy of this portfolio in the near future. Airpark Square is differentiated in the market by its immediate access to major highways, best-in-class property management protocols and new ownership which brings stability to the project.”
Lee & Associates is a commercial real estate brokerage, management and appraisal services firm. Established in 1979, Lee & Associates has grown its service platform to include offices in the United States and Canada. Lee & Associates provides superior market intelligence in office, industrial, retail, investment and appraisal to meet the specialized needs of our clients. Visit https://www.lee-associates.com/offices/office/?id=1591
