Atlantic Realty Companies Purchases The Meadows Office Park in Baltimore, MD.

VIENNA, Va. -- Atlantic Realty Companies, Inc. announced today that, together with Colony Realty Partners, they have purchased The Meadows Business Park from Emmes Realty Services, LLC, a leasing, property management and construction management firm based in New York, NY. Meadows Business Park is located near Baltimore, MD, within the Woodlawn submarket of Baltimore County. It is sited adjacent to the intersection of Interstates 70 and 695 (Baltimore Beltway). This purchase makes the Atlantic and Colony combo one of the three largest landowners in the Baltimore area.

The Meadows Business Park portfolio consists of 977,436 square feet (twenty-one buildings) of office, flex/warehouse and retail space that are currently occupied by a diverse mix of tenants. The Federal Government occupies one-third of the tenanted space, and a number of national, regional and local tenants occupy the other two-thirds. Included in the portfolio is a 207,000 square-foot grocery-anchored retail center. Approximately 20% of the park is vacant at this time. General improvements are planned to buildings and landscaping.

The development of Meadows Business Park began in 1963 and over the next thirty years, buildings were added to Meadows, capitalizing on the growth of the Interstate highway system and the surrounding communities.

"Meadows Business Park continues to attract tenants by providing convenient access to the Interstate network," says David A. Ross, Partner, Atlantic Realty Companies, Inc. "while offering an attractive alternative to more expensive and congested locations in the Metropolitan area."

Atlantic Realty Companies is one of the largest commercial real estate developers in the greater Washington metro area according to the Washington Business Journal. Founded in 1992, it is a full-service company that owns and manages a portfolio of six million square feet of office and retail space and has approximately three-quarters of a million square feet under construction. For more information, click here for ARC's backgrounder: http://www.arcrealty.com/arcbackgrounder.pdf or visit http://www.arcrealty.com

Colony Realty Partners is headquartered in Boston with additional offices located in New York and Los Angeles. It is an affiliate of Colony Capital, LLC, a private international investment firm. For more information, visit Colony Realty Partners' backgrounder: http://www.arcrealty.com/colonybackgrounder.pdf or their website: http://www.colonyrealtypartners.com.