Greenberg Gibbons, Vanguard Purchase Solo Cup Property
Owings Mills, Md. (September 1, 2011) — — Greenberg Gibbons and Vanguard Equities, Inc., announced today that they have purchased the former Solo Cup manufacturing site in Owings Mills, Md. The two local companies will seek approval to redevelop the vacant 52-acre property into an upscale retail destination and gathering place for the community.
"Our offices in Owings Mills are less than a mile from the site and we plan to make this project a true showcase," said Brian Gibbons, Chairman and CEO of Greenberg Gibbons. "We are meeting with residents, community leaders and elected officials to gather input to help us shape a concept for the site and deliver something we can all be proud of."
"The timing for this project could not be better as it will create thousands of new jobs and substantial new tax revenues for Baltimore County and the state," added Brad Glaser, Principal of Vanguard.
Greenberg Gibbons and Vanguard plan to share a concept plan for the site with the public in mid-October.
About Greenberg Gibbons
Founded in 1968, Greenberg Gibbons is one of the Baltimore-Washington region's premier developers of mixed-use, town center and retail properties. The company's portfolio includes more than four million square feet of existing and new development. Its award-winning revitalization projects include Hunt Valley Towne Centre and Annapolis Towne Centre. For more information, go to: www.ggcommercial.com.
About Vanguard
Vanguard Equities, Inc. is a Baltimore-based real estate development firm founded in 1987 by its principals, Leonard Weinberg II and Bradley S. Glaser. Vanguard is actively involved in shopping center development, residential land development and all property management functions for its commercial portfolio. The firm has completed successful projects in Maryland, Virginia and Delaware for a variety of local and national tenants and clients. For more information, go to: www.vanguardequities.com.
For additional information, Contact: Gillian Pommerehn, mschiffer@ggcommercial.com or (410) 626-0805 or Karin Jorgensen, kjorgensen@crosbymarketing.com or (410) 626-0805
