Linthicum, MD.) – Transwestern today announces it brokered the disposition of 1190 Winterson Road, a 69,072-square-foot office building at Airport Square Business Park in Linthicum, Maryland. NFM Lending purchased the property for an undisclosed price and plans to occupy 30 percent of the building. Tom Gentner, Brian Watts, Mark Glagola and Brian Siegel of Transwestern represented an undisclosed seller in the transaction.
“1190 Winterson Road presented a fantastic opportunity for NFM Lending to invest in its business by purchasing its own space instead of paying rent,” said Gentner.
NFM, a residential mortgage lending company, will relocate its headquarters to the new space from 505 Progress Drive in Linthicum where it occupies 16,800 square feet.
Notable tenants in the building include Intel, General Dynamics and Exceptional Software. The property is adjacent to Northrop Grumman’s 4 million-square-foot headquarters for its Mission Systems division.
Transwestern is marketing seven other buildings at Airport Square Business Park, with available contiguous spaces ranging from 2,500 square feet to 100,000 square feet. The properties are 5 miles from downtown Baltimore and 30 miles from downtown Washington, D.C., and offer easy access to the Baltimore Washington Parkway. The park is home to a number of firms in the technology, telecommunications and security-related industries, as well as a variety of restaurants.
Gregory Friedman of AGM Commercial Real Estate Advisors LLC represented NFM Lending in the transaction.
Transwestern is a privately held real estate firm of collaborative entrepreneurs whodeliver a higher level of personalized service – the Transwestern Experience. Specializing in Agency Leasing, Management, Tenant Advisory, Capital Markets, Research and Sustainability services, our fully integrated global enterprise adds value for investors, owners and occupiers of all commercial property types. We leverage market insights and operational expertise from members of the Transwestern family of companies specializing in development, real estate investment management and research. Based in Houston, Transwestern has 34 U.S. offices and assists clients through more than 180 offices in 37 countries as part of a strategic alliance with BNP Paribas Real Estate. Experience Extraordinary at transwestern.com and @Transwestern. For updates from the Mid-Atlantic region, follow @TranswesternDC.