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Richcroft, Inc. Relocating Corporate HQ in Sparks
Richcroft, Inc., a nonprofit organization that provides residential support for individuals with developmental disabilities, plans to relocate its corporate headquarters to Loveton Business Park in Sparks, Maryland.
The group, which operates 55 homes throughout Baltimore, Carroll, Harford, and Howard Counties, signed a lease with St. John Properties, Inc. for 25,500 square feet of space at 53 Loveton Circle. St. John Properties’ Stephanie Caronna represented the landlord, and KLNB’s Keith Barnett represented the tenant in this transaction.
“This real estate decision was driven by our organization’s continued acceleration, the expected addition of new business lines, and the desire to place our entire corporate team on the same floor to improve synergies,” explained Kevin Drumheller, Richcroft’s Chief Executive Officer.
Loveton Business Park is a 15-acre business community located on Loveton Circle, just off York Road, comprising approximately 130,000 square feet of flexible/R&D and office space.
