Merritt Properties Acquires Two Maryland Office Buildings
Merritt Properties has acquired Lyndwood Executive Center, a two-building, 98% leased, office complex in Howard County, MD. The sales price and seller were not disclosed.
Located in the Baltimore-Washington Corridor at 6085 and 6095 Marshalee Dr., the three-story buildings consist of 164,730 total square feet and with 13 tenants, such as Ancile Solutions, Network Building & Consulting and the Howard County Government.
“Lyndwood Executive Center is a premier project that uniquely complements Merritt Properties’ existing 904,000-square-foot office portfolio currently leased by 126 tenants in Columbia, Elkridge and Ellicott City,” said Liz Tarran-Jones of Merritt’s leasing team.
“Located between Baltimore and Washington, D.C., the Howard County business community continues to draw a highly-educated labor force. The area is known for its ability to serve a wide variety of users, particularly government, healthcare, technology and education-related businesses.”
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