Jessup, MD — More than three years after acquiring a site on 7869 Dorsey Run Rd., TPC Racing has broken ground on its new 40,000 s/f HQ building located in the Jessup section of Howard County. The purchase was necessary following a nearly 10-year search to find suitable space for the automotive group involved in the international racing circuit. Kate Jordan, SIOR, principal and Marley Welsh, SIOR, VP with Lee & Associates Maryland brokered the purchase of the four-acre site and was also retained by TPC Racing to lease the available 27,000 s/f of industrial/warehouse space in the under-construction building. The single-story project is expected to be delivered in Q4 2023 which is expected to cost $8 million.
TPC Racing takes the wheel of its real estate requirement
TPC Racing founder Michael Levitas continually came up empty in his quest to find a suitable home for his expanding enterprise in the Howard County region, with a land-constrained market and preference of retail and industrial uses over industrial ones along the US Rte. 1 Corridor making the search all but impossible for this extremely unique requirement.
Finally, after more than a decade of coming up empty, TPC Racing decided to take the wheel, at the recommendation of Lee & Associates.
“Acquiring land and constructing a build-to-suit project represented the most viable option for TPC Racing and, to further improve the financials, it was determined to develop a structure that could be leased out to other companies,” said Jordan. “Luckily, TPC Racing was patient enough to wait for the perfect opportunity and we assembled the perfect team that executed our vision. We believe there exists the perfect solution to every challenge, as long as you don’t give up and have the creativity and determination to find it.”
Expanding need for automotive requirements in Corridor area
“We are experts in the automotive industry so, by designing this building from scratch, we have the unique opportunity to engineer every necessary and important feature and amenity into this project,” said Michael Levitas. “This includes drive-in bays, a window-dominant exterior, an industrial-strength heating and ventilating system and durable flooring. Looking back, this should have been our approach from the outset but it took many rejections and disappointment to arrive at the best possible outcome.”
Levitas intends to move approximately ten full-time employees into the building which is contained upon a four-acre site. TPC Racing organizes and competes in racing competitions internationally with a focus on Porsche automobiles, with its owner achieving widespread recognition in events including the Grand American Rotex Sports Car Series. DSC Sports is engaged in the manufacture of specialty parts used in performance racing and also provides service for vehicles.
Building specifications and targeted uses
Chesapeake Contracting Group is acting as general contractor for the project because, according to Levitas, “they are right company to handle this assignment due to the scope of the work and prior experience.” Levitas added, “we are determined to construct the premier race workshop in the country dedicated to service, sales and racing.
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