BECO Management Acquires Owings Mills Corporate Center Properties

Significant Infrastructure, Cosmetic and Amenity Improvements Planned for Campus

Jan 02, 2013, 13:30 ET from BECO Management

ROCKVILLE, Md., Jan. 2, 2013 /PRNewswire/ -- BECO Management, Inc., a premier, mid-Atlantic commercial real estate management company, announced today the addition of two properties in Owings Mills, Md. to its portfolio that includes assets throughout Maryland, Northern Virginia and Charlotte, North Carolina.  Owings Mills Corporate Center I & II total more than 330,000 square feet of office space, and house a variety of corporate tenants including Aon Corporation, BB&T, the Law Offices of Sheila Murthy, and CareFirst of Maryland.

"The Owings Mills Corporate Center campus is the perfect addition to our portfolio—like our other buildings, they're well-constructed, provide an ideal development platform and are centrally located in a growth-rich location," said Jeffrey Cohen, BECO Management's co-founder and CEO.  "Our team is hard at work transitioning the properties, improving the level of service, property maintenance and amenities to BECO standards, and building perfect work environment for current and future tenants."

The company will invest significant capital in infrastructure, cosmetic and amenity improvements at the Owings Mills campus and formally unveil its 100-day action plan on January 8, 2013.   

"We're committed to making these properties what they can and should be.  This begins with listening to our tenants, understanding their wants, needs and expectations, and then proactively delivering an experience that exceeds them all," said Cohen.  "To us, 'getting it done' is more than a mere motto.  It's an attitude reflected in everything we do and the hallmark of our success for more than 25 years."

To implement the Owings Mills improvement plan, BECO has assembled a first-rate team with expertise in a variety of areas, from leasing and asset management to construction, finance and property management.

"If there is one landlord who can return these buildings to their former market prominence, it is BECO. They are renowned for developing longstanding relationships with tenants as well as delivering the highest service levels and best-in-class amenities in the industry," said Gary Applestein, Managing Director and Principal, Baltimore Region, Colliers International.  "Given their in-house capabilities, resource base and record for getting things done, I am certain that Owings Mills Corporate Center I & II are destined for distinction as premiere buildings in the area under their stewardship."

Owings Mills Corporate Center I & II complement BECO Management's existing portfolio of 71 buildings comprising more than 5.5 million square feet of office, flex and warehouse space throughout the greater Washington-Baltimore metropolitan area and Charlotte, North Carolina.

The company is known for investing in well-located buildings in areas conducive to business growth. 

Owings Mills Corporate Center I & II are conveniently situated adjacent to the Owings Mills Mall, with close proximity to I-95, I-695 and I-795. The buildings are located within walking distance to the Owings Mills Metro Station and approximately 25 minutes from downtown Baltimore.

ABOUT BECO MANAGEMENT, INC.

BECO is a premier commercial real estate management company in the mid-Atlantic. Headquartered in Rockville, MD, BECO's portfolio offers more than 5.5 million square feet of office, flex and warehouse space throughout Maryland, Virginia and North Carolina.  The company directly owns, leases and manages every property in its portfolio providing a depth or access and accountability unparalleled in the industry.  BECO was founded with a simple mission:  to redefine the tenant experience and deliver the extraordinary every day.  Since 1986, we've proudly built our reputation on providing 5 star service and amenities to our tenants.  For more information, please visit http://beconet.com.

SOURCE BECO Management



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