FOR IMMEDIATE RELEASE:
March 6, 2006
FOR MORE INFORMATION:
Robert E. Rubenkonig, Jr.
Vice President and Director,
Marketing and Communications
Struever Bros. Eccles & Rouse
1040 Hull Street, Suite 200
Baltimore, Maryland 21230
Keystone Realty Company has signed a lease for 2,529 square feet, and Mercantile Bank & Trust has signed a lease for 2,560 square feet with Struever Bros. Eccles & Rouse and Obrecht Commercial Real Estate, Inc. for space at Brewers Hill. Located in Canton, the adaptive reuse project of the former Gunther Brewery and National Brewery Company in Canton will combine 400,000 square feet of Class “A” office space, 150,000 square feet of flex/office space, 90,000 feet of retail space and 100 apartments and lofts upon completion.
The companies join such firms as Canton Self Storage, Development Design Group, Elder Health and MetLife at Brewers Hill.
Keystone Realty Company, Inc., which is relocating from the Towson area, provides “Family Office” services, including trust administration, tax preparation and various investment supervision, through its wholly-owned subsidiary – KRC Investment Advisers, LLC, — which is an SEC registered investment advisory firm. Douglas Hoffberger, who is president of the company, is the cousin of Jerold “Chuck” Hoffberger, who was president of the National Brewery Company and managed the day-to-day operations of the Baltimore Orioles in the 1960s and 1970s. The Hoffberger family has owned and operated a number of diverse businesses in the Canton/Highlandtown area including the National Brewing Company, Motor Freight Express, C. Hoffberger Company, Merchants Terminal Corporation and Pompeiian Olive Oil.
“Nostalgia was a significant reason for our decision to re-locate to the downtown area and Brewers Hill,” stated Douglas Hoffberger. “The Canton/Highlantown address is extremely convenient for our employees and there exists a great deal of positive momentum in this section of Baltimore City. Our family has experienced a great deal of success here and it does feel good to come home to roost,” he added. The company expects to complete its move in the second quarter.
Mercantile Bank & Trust is establishing a branch banking office at Brewers Hill to target both retail and business customers that live and work in the Canton area. “We have not opened a new downtown office in years, but this location serves to close a coverage gap in eastern Baltimore City,” stated Stewart McEntee, Senior Vice President of Retail Banking for Mercantile. “We currently service many clients in the area and the residential market is expanding at a rapid pace, so this represented a good opportunity for us,” he added. The branch office, which will be positioned on the ground floor level of the project, is expected to open by (date).
Brewers Hill is positioned approximately five blocks from Historic Canton Square, and is within close proximity to Baltimore’s Central Business District, Fells Point and Interstate 95. It is identified by the 27 foot by 30 foot, two-sided Mr. Boh sign that sits atop the complex and illuminated by red neon lights. This Baltimore “eye-con” with the large bushy mustache features a one-eyed face that is timed to wink periodically throughout the night. More information can be obtained at www.brewershill.net.
Founded in 1974, Struever Bros. Eccles & Rouse, Inc. (SBER) is a multi-disciplined real estate development company and construction services firm that specializes in the adaptive re-use of historically significant properties. Headquartered in Baltimore, SBER’s driving business objective is “Transforming America’s Cities”. The company is actively developing projects in Maryland, Delaware, Massachusetts, Pennsylvania, Rhode Island, North Carolina, Tennessee and New York.
For more information, visit www.sber.com or call 443-573-4000.