- March 24, 2021
- Press Releases
Merritt Properties Acquires Former General Motors Facility in Baltimore County
Merritt Properties, a Baltimore-based full-service commercial real estate development company with more than 17 million square feet throughout Maryland, Virginia, and North Carolina, announced today that it has purchased 10301 Philadelphia Road in White Marsh, Md., a former GM Baltimore Global Propulsions Systems site that opened in 2000 to produce transmissions and electric motors before it closed in 2019.
Located off Interstate I-95 near Interstate 695, the 56-acre project will be known as White Marsh Interchange Park.
“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,” said Scott Dorsey, chief executive officer of Merritt Companies. “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,” said 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.”
After exploring the purchase opportunity, Merritt quickly recognized the site’s redevelopment potential, which is anticipated to have a dramatic impact on job creation and economic growth.
“After demolishing the existing plant, we will construct up to nine, one-story buildings totaling approximately 750,000 square feet. This will create space for 50 to 100 businesses to establish and grow, leasing from 2,700 to 50,000 square feet or more. We anticipate that these businesses will provide good jobs for 1,200 to 1,500 people,” added Dorsey.
“I am excited to learn that one of Baltimore County’s best property development companies has acquired the former GM Allison site,” said Councilwoman Cathy Bevins. “Merritt Properties redevelopment plans are both exciting and timely as we begin the economic healing necessary due to the COVID-19 pandemic. The potential employment opportunities for up to 1,500 Baltimore County residents is tremendous. I commend Merritt Properties for their vision to take on this project.”
White Marsh Interchange Park is located within Merritt’s Baltimore County east portfolio, which has been 97 percent occupied since 2016.
Future construction will be managed by Merritt Construction Services, the construction division of Merritt Companies.
Bo Cashman and Jonathan Beard of CBRE National Partners represented the seller in the transaction.
To learn more about White Marsh Interchange Park, visit www.merritt-wmi.com.