Maryland
Sherwin-Williams Signs 2 Maryland Leases
Sherwin-Williams, an organization specializing in paint and coating, has signed two leases in Maryland totaling 12,708 sq. toes of retail and industrial house.
The corporate inked a 9,000-square-foot lease at Timonium Change, a 200,000-square-foot industrial constructing in Timonium, Md.; and leased 3,708 sq. toes at Magothy Seashore Plaza, a 30,000-square-foot retail heart in Pasadena, Md.
Each properties are owned by St. John Properties.
“Sherwin-Williams’ new retail retailer at Magothy Seashore Plaza will generate distinctive guests and improve site visitors to your complete purchasing heart,” Matt Lenihan, senior vice chairman of leasing for St. John Properties, informed Business Observer. “The lease at Timonium Change provides one other high-quality tenant to this constructing, which persistently maintains a excessive occupancy stage.”
Notable tenants at Magothy Seashore Plaza embody Pivot Bodily Remedy, Mutiny Pirate Bar and Ledo Pizza. Roughly 130,000 shoppers reside inside a five-mile radius, with family incomes approaching $120,000, in accordance with St. John Properties.
“As a result of so many shoppers personal each major and secondary homes in Pasadena, we consider the market is extraordinarily fertile and gives long-term alternatives for a brand new paint retailer,” Chris Maylott, senior actual property consultant for The Sherwin-Williams Firm, mentioned in a ready assertion.
Timonium Change is provided with 18- to 20-foot ceiling heights and drive-in or front-loading docks. Greater than 22,000 autos cross the location each day, and almost 80,000 folks with a family earnings approaching $135,000, dwell inside a five-mile radius.
The Magothy Seashore location is slated to open in December, whereas the Timonium Change property will open in January.
Michael Sacks of St. John Properties represented the owner within the Timonium Change lease, whereas the agency’s Eric Llewellyn represented the owner within the Magothy Seashore Plaza lease. Matt Copeland and Cooper Henry of KLNB represented the consumer.
Keith Loria may be reached at Kloria@commercialobserver.com.
After losing to both Washington and Oregon on the road, Maryland picked up a signature win against UCLA on Friday evening. The Terps handed the Bruins a 79-61 loss to move Maryland to 12-4 on the year. The Terrapins moved to 2-3 in Big Ten Conference play and Maryland now has three winnable games in a row against Minnesota, Northwestern, and Nebraska before facing a tough Illinois team.
The Terps aren’t quite ranked in the top 25 yet but Maryland did rise in advanced analytics. According to KenPom, the Terps are ranked at No. 23 in the country after Saturday’s games were played. The Terrapins have a +22.46 NET rating and are ranked 21st (defensive rating) and 22nd (offensive rating) by KenPom.
Then over on ESPN, the Basketball Power Index has Maryland ranked 21st in the nation. The Terrapins have a 15.6 BPI rating and Maryland rose three spots after their win over the Bruins. ESPN now has Maryland projected to finish the season going 21.4-9.6 on the year and they give the Terps a 12.5% chance of winning the Big Ten Conference.
Maryland will have to continue to ride the hot hands of center Derik Queen, guard Ja’Kobi Gillespie, and forward Julian Reese who are all averaging 13 or more points on the season.
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BALTIMORE – The Biden-Harris Administration announced an $18.6 million grant to Maryland on Friday to expand zero-emission EV charging and fueling infrastructure.
The grant is part of President Biden’s effort to build 500,000 publicly available EV chargers by 2030, a goal that may be on track to be achieved earlier than expected.
“The Biden Administration has made historic investments to support the EV transition and make sure it’s made in America,” said U.S. Transportation Secretary Pete Buttigieg.
“These investments will help states and communities build out a network of EV chargers in the coming years so that one day, finding a charge on a road trip will be as easy as filling up at a gas station.”
As of Friday, there were more than 206,000 publicly available EV charging ports, with 38,000 new public chargers initiated in 2024.
“Thanks to the Biden-Harris Administration’s efforts, we now have over 200,000 publicly available chargers nationwide and hundreds of new manufacturing facilities across 40 states, creating jobs and economic growth. Today’s awards bring us one step closer to a cleaner transportation future.”
The new fueling stations will be built on the I-81 and I-78 corridors across Maryland, Pennsylvania, New Jersey, and West Virginia.
“This funding showcases the harmony in government efforts to maximize federal investments and will build on the Department of Energy’s work to develop the 21st-century energy workforce and prepare the grid to power zero-emission fueling infrastructure nationwide,” said Jeff Marootian, Principal Deputy Assistant Secretary for the Office of Energy Efficiency and Renewable Energy. “The new charging and refueling locations will deliver more accessible and equitable transportation options, create good-paying new jobs, and open up opportunities for innovation in communities across America.”
To learn more about President Biden’s Bipartisan Infrastructure Law and investments in electric vehicles, click here.
The New York Jets made one of the more surprising moves when they announced they had completed an interview with Maryland head coach Mike Locksley. The offensive-minded coach just ended the 2024 season going 4-8 and Locksley has a 33-41 record while coaching the Terps.
The Jets aren’t leaving any stone unturned when it comes to finding their next head coach. But The Athletic’s Bruce Feldman and Zach Rosenblatt can’t come to terms as to why New York would interview Locksley. With far more college coaches who have had more success than Locksley, why the under-.500 coach?
“Yet, this one feels like a head-scratcher — if the Jets were going to interview a college candidate, my reporting had indicated there might be some mutual interest in Iowa State coach Matt Campbell, who rejected an interview request from the Jets in 2019 before they hired Adam Gase. That has yet to happen, though it’s still possible it could — especially since Campbell is already expected to interview for the Bears opening.
“It feels like a long shot that the Jets would seriously consider Locksley to be their next coach, considering he has no NFL coaching experience and Maryland has been inconsistent under his watch. But perhaps there’s an outside chance he’d be interested in joining the Jets as an offensive coordinator when they eventually hire a head coach.”
We have completed an interview with Mike Locksley for our Head Coach position.
— New York Jets (@nyjets) January 10, 2025
It’s quite unlikely that the Jets hire Locksley away from Mayland. But if anything, it shows that teams are impressed with how the former Alabama offensive coordinator has run his program at Maryland. Playing in the Big Ten with powerhouses like Michigan, Ohio State, Penn State, and now Oregon, is no easy feat for a program like Maryland that can’t quite recruit at the same level.
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