WHITE MARSH — Baltimore-based commercial retail company Merritt Properties announced Wednesday that it had acquired a 56-acre property at 10301 Philadelphia Road, which was home to a General Motors production facility from 2000 until closing in 2019.
Right off I-95 just a mile or so east of the Beltway, the facility has already been rebranded as White Marsh Interchange Park.
Merritt Chief Executive Officer Scott Dorsey said the company plans to demolish the existing facility and construct up to nine single-story buildings totaling about 750,000 square feet. They anticipate that the space will be able to accommodate 50 to 100 businesses employing roughly 1,200 to 1,500 people.
“We are excited to have the opportunity to develop this property,” Dorsey said in a press release. “We are seeing a surge in demand from businesses that want to locate to this area, while the supply is extremely limited.”
Future construction planned for the space will be managed by Merritt Construction, a division of Merritt Properties.
Baltimore County Executive John Olszewski, Jr. expects the development project to be a key part of the county’s economic recovery from the COVID-19 pandemic.
“We welcome Merritt Properties’ investment in dynamic redevelopment projects like this that will welcome dozens of new businesses, create jobs for working families and bring new opportunities to our communities,” Olszewski said. “We’re excited about Merritt Properties’ clear vision for the future of this site that will support economic growth in eastern Baltimore County for years to come.”
Valued at just under $50 million in 2019, the Baltimore Sun reported that Merritt dropped $34.5 million on the purchase.
Merritt was founded in 1967 and owns more than 17 million square feet throughout Maryland, Virginia and North Carolina. Founder Leroy Merritt was born and raised in Dundalk during the 1930s.
The company has a track record with business development, engaging last year in a similar business park project in Duram, North Carolina. Closer to home, the company has done high-profile work for the University of Maryland Baltimore County’s Catonsville campus, as well as a number of other projects in the city and county. Merritt’s properties in east Baltimore County have been 97 percent occupied since 2016.
District 6 Councilwoman Cathy Bevins commended Merritt for their vision, particularly highlighting the prospect of bringing new jobs to the area.
“I am excited to learn that one of Baltimore County’s best property development companies has acquired the former GM Allison site,” Bevins said. “Merritt Properties redevelopment plans are both exciting and timely as we begin the economic healing necessary due to the COVID-19 pandemic.”
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