1302 Concourse Drive

Project Overview

1302 Concourse Drive is an 83,006-square-foot Class A office building that is rostered with tenants that include IBM, Federal Data Systems and Nationwide Insurance. 1302 was the first building constructed in the Concourse Drive Campus. The three-building campus totals approximately 296,500 square feet situated on over 26 acres. The location offers excellent access to Route 95, the Baltimore-Washington Parkway, BWI Airport, and the Amtrak Train Station. It is also less than 10 miles from Fort Meade, the third largest Army installation in the country, and Maryland’s largest employer. We believe that this location at a transportation nexus will provide a distinct competitive advantage for future leasing.

We acquired the underperforming asset below replacement cost, offering an opportunity to reposition the property to drive net operating income through improved leasing and management.