RMF Renews Lease at Baltimore’s bwtech@UMBC

• by Bogdan Odagescu | Aug 11, 2017

• National engineering company RMF renewed its lease at Corporate Office Properties Trust’s bwtech@UMBC building in Cantonsville, Md. Represented by Savills Studley, RMF signed again for 27,862 square feet on the third floor of the building, remaining the anchor tenant. The new lease is effective April 2019.

  Completed in 2008, the 133,200-square-foot building located at 5520 Research Park Drive, within the campus’ North section, is Class A and LEED Silver certified. Situated close to interstates 95 and 195, less than 10 miles southwest of downtown Baltimore, the UMBC campus also offers easy access to suburbs across the Baltimore-Washington corridor.

  According to Yardi Matrix data, the building is subject to a 93-year unsubordinated net ground lease held by the State of Maryland and leased to UMBC, set to expire in 2092. The university subsequently provided a 61-year sublease to Corporate Office Properties Trust. The campus’ North section also includes two buildings subleased in similar fashion to Merritt Properties.

  A ONE-STOP R&D DESTINATION

  The technology park offers several on-site amenities, including:

  • Fitness facilities
  • Childcare
  • Conference spaces
  • Cultural facilities
  • 1,600 square feet of retail space

  Overall, bwtech@UMBC offers 525,000 square feet of space, leased to 130 tenants. The list of key industries includes cybersecurity, life sciences, clean energy, IT, health IT, and engineering and advanced manufacturing.

  “(The property) has been home to the firm for nearly a decade. Their tenure in the building and the tenant-favorable market conditions provided the leverage we needed to secure agreeable terms that would meet the client’s functional and economic goals,” said George Santos, senior managing director of Savills Studley, in prepared remarks.

  Santos, alongside Managing Director Ryan Miller, spearheaded the Savills Studley team that negotiated the lease.

Romans 10:12-13 (NIV) - “For there is no difference between Jew and Gentile-the same Lord is Lord of all and richly blesses all who call on him, for, ‘Everyone who calls on the name of the Lord will be saved.’”

1 Peter 1:21-25 (NIV) - “For you have been born again, not of perishable seed, but of imperishable, through the living and enduring word of God. For, ‘All people are like grass, and all their glory is like the flowers of the field; the grass withers and the flowers fall, but the word of the Lord endures forever.’ And this is the word that was preached to you.”

Pillar 1: God Cannot Lie!
“First, assurance is based on the absolute trustworthiness of Scripture. Throughout the New Testament, we read God’s promises to save all who will believe upon His Son. The Bible says, ‘Whoever will call upon the name of the Lord will be saved.’ This is a promise! All who have committed their lives to Jesus Christ may have the firm confidence of salvation based upon the infallibility of God’s Word. Jesus said, ‘The one who comes to Me I will certainly not cast out.’ If you come to Jesus with genuine repentance and faith, He promises that He will save you. We can know Jesus has received us because, quite simply, He said so! When the Bible speaks, God speaks. And what God said, He will surely do. He will save all who call upon Jesus Christ. You have His word on it” (”How to Be Sure of Your Salvation.” Billy Graham Evangelistic Association, billygraham.org/story/how-to-be-sure-of-your-salvation).

God’s desire is that we are secure and assured in His salvation. Our assurance does not depend on our feelings or our performance. Assurance of our salvation is based on His Word and the work of our Lord Jesus Christ! Let’s listen to God’s Word to us! We have been born again through the living and enduring word of God that endures forever. This is the word that was preached to us!

Today, read through these passages - John 10:27-29 (NIV), John 6:37 (NIV), Romans 5:6-8 (NIV)
Let’s let go of our thoughts and fully trust in His promises.

-DP