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Merritt Properties Snaps Up Howard County Office Park for $23 Million

NewTower Trust Company Sells 98% Leased Lyndwood Executive Center
The office building at 6095 Marshalee Drive in Howard County. (CoStar)
The office building at 6095 Marshalee Drive in Howard County. (CoStar)
By Mark Iovanisci
CoStar Research
May 19, 2020 | 5:23 P.M.

Full service developer Merritt Properties has purchased Lyndwood Executive Center in Elkridge, Maryland, from NewTower Trust Company, a fund managed by real estate advisor BentallGreenOak, for $23 million, or about $140 per square foot.

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