BPG sheds buildings near Baltimore

BPG Properties Ltd. sold two office/flex buildings totaling 132,766 square feet in Owings Mills, Md., for an undisclosed amount.

Located at 11460 and 11500 Cronridge Drive, the property is situated within a large business park 15 miles northwest of Baltimore.

During the past two years of ownership, BPG made multiple physical improvements to the property and restabilized the rent roll. The most recent lease with Skyland Industries Inc. was for 23,318 square feet and began Oct. 1, 2006. 

First Potomac Trust purchased the complex.

Philadelphia-based BPG Properties is a privately held real estate investment firm.

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