999 Corporate Blvd
Project Details
Location Details:
Linthicum, MD.
The property is strategically located along the Baltimore Washington Parkway in the heart of the bustling Mid-Atlantic region, with quick and easy access to the Mid-Atlantic’s most heavily-traveled thoroughfares including Interstate 95, the Baltimore-Washington Parkway (I-295), and the Baltimore Beltway.
Buildings:
Class A office building
Total Size:
+/- 67,000 SF
Year Acquired:
2019
Purchased by Goodier in 2019, 999 Corporate Boulevard is a +/- 67,000 SF Class A office building in Linthicum, MD. The property is strategically located along the Baltimore Washington Parkway in the heart of the bustling Mid-Atlantic region.
The Property has quick and easy access to the Mid-Atlantic’s most heavily-traveled thoroughfares, including Interstate 95, the Baltimore-Washington Parkway (I-295), and the Baltimore Beltway. The property is minutes away from restaurants, hotels, major retail locations, hospitals, and the Baltimore-Washington International Airport (BWI).
The BWI submarket consists of 8.6M square feet of property and has the highest Class A asking rent in the market, $4.92 higher than the overall market average of $24.29/SF. The BWI office submarket is largely underserved in terms of Class A office space. While the total submarket recorded a Q1 2018 vacancy rate of 16.6%, this is largely because a great majority of the office buildings in the BWI office market are older, Class B product.
Demand for recently-constructed, Class A office space near the BWI airport has driven many of the region’s strongest and most-reputable tenants to 999 Corporate Boulevard and its peer group of Class A buildings. These tenants rely on the submarket’s amenity pool, infrastructure access, and close proximity to the Baltimore-Washington International Airport.