The expansion of an indoor youth-entertainment facility has moved Baltimore Crossroads @ 95 in White Marsh to full capacity.
The milestone for Chesapeake Real Estate Group, LLC comes as the company is launching development of another Class-A industrial park nearby, on 52 acres off Interstate 95 and Route 43, in a partnership with Atapco Properties. The group purchased the 52-acre site for $15 million this summer after plans for a 100-store outlet mall fizzled.
It is also another sign that Maryland’s industrial leasing market remains strong in the final quarter of the year.
The Baltimore Crossroads @ 95 lease comes amid growth of the two-year-old Urban Air Trampoline & Adventure Park at 11501 Pocomoke Court in the industrial center. Urban Air’s facility will expand by 22,700 square feet to 52,700 square feet in total.
The Texas-based indoor youth-entertainment chain offers a location for birthday parties with its indoor trampolines, a warrior course, climbing wall, and playground.
Chesapeake Real Estate said Monday the deal capped its leasing efforts at the development that opened in 2007.
The 239-acre Baltimore Crossroads @ 95 site is in an area of Baltimore County that has seen large growth in residential, industrial, and office market over the past five years. Baltimore Crossroads totals eight buildings with 1.4 million square feet.
Besides Urban Air Trampoline & Adventure, tenants included American Tire Distributors, BGE Home Products & Services, the True Citrus Co., and Breakthru Beverage.
The site is located near the 1,000-acre Greenleigh at Crossroads project, where St. John Properties and Somerset Development are midway through a $750 million project. Greenleigh will ultimately hold 2.7 million square feet of flex and warehouse space and 750,000 square feet of office and residential units, and it is located near the White Marsh Mall, also just off I-95 and Route 43.
Matt Laraway, a partner with Chesapeake Real Estate, said Monday the area’s potential remains strong.
“This once land-locked greenfield development site has been transformed into an employment center that contains tenant spaces between 10,000 and 450,000 square feet of space, including three headquarters,” Laraway said. “Thousands of employees currently work within the entire 1,200-acre community, and it has become a regional economic engine.”