Century Plaza | Columbia, MD

10630 Little Patuxent Parkway, Columbia, MD, 21044, US

Description

JLL is proud to present Century Plaza (the “Property”), a dynamic two-building office park in Columbia, MD spanning 149,788 square feet with an impressive 80% occupancy across 61 tenants. Strategically positioned within a mile of Johns Hopkins Howard County Hospital (1,800+ employees) and the renowned Merriweather Post Pavilion (19,000-seat outdoor amphitheater), Century Plaza stands at the heart of Downtown Columbia’s transformative revitalization.

The Property boasts a robust tenant profile with medical tenants comprising over 40% of the leased space. Its diverse roster of 61 independent tenants ensures a stable, well-balanced revenue stream without concentration risk. The strategic implementation of short-term leases has minimized capital expenditures while maintaining a weighted average lease term (“WALT”) of 2.4 years (as of 11/1/2025), creating ideal flexibility for future repositioning opportunities.

Directly across from Century Plaza lies Howard Hughes’ ambitious $30 billion Mixed-Use Downtown Columbia Master Plan. Currently only 20-25% complete, this transformative 391‑acre development promises to substantially enhance surrounding property values in the coming years. The Property benefits from proximity to The Mall in Columbia, a premier regional shopping destination featuring 1.4 million square feet and over 200 retailers, as well as the nationally acclaimed Merriweather Post Pavilion, consistently ranked among America’s finest concert venues.

Furthermore, Century Plaza offers unparalleled regional accessibility, situated within 25 miles of both Baltimore and Washington, DC with convenient access to major arteries including Route 29 and I-95.

Century Plaza presents investors with a diversified income stream at an attractive basis, coupled with multiple strategic pathways to capitalize on prime real estate in a rapidly emerging and highly desirable micromarket.

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Attributes

Building area net

149,788 sf

Occupancy

80%

Tenants

WALT

2.4 years

Land area gross

8.5 acres

Year built

1997

Media

Investment highlights

Strong Diversified Income Stream: The Property’s 80% occupancy across 61 tenants generates consistent cash flow without overexposure to any single tenant, providing exceptional stability and risk mitigation.

Outstanding Demographics: Howard County ranks as the 6th wealthiest county in America by median income. Within a 3-mile radius of the Property, households average $169,226 in annual income, with 65% of residents holding bachelor’s degrees or higher. Columbia has earned prestigious designations as America’s safest city, best place to find employment, and fifth best place to live.

Amenitized Micromarket: Century Plaza occupies a central position in Downtown Columbia, steps away from the nationally celebrated Merriweather Post Pavilion—a 19,000-seat outdoor amphitheater in Symphony Woods designed by legendary architect Frank Gehry. The property also offers convenient access to The Mall in Columbia (featuring 200 retailers) and Johns Hopkins Howard County Medical Center (225 beds).

Downtown Development: Situated directly across from Howard Hughes Holdings’ (NYSE: HHH) Downtown Columbia Master Plan, the Property stands to benefit from this transformative 30-year, $5 billion mixed-use development. At completion, this 391-acre project will encompass 4.3 million SF of office space, 1.25 million SF of street-level retail, 6,244 multifamily units, and 640 hotel rooms. A 46.9% stake in HHH was recently acquired by Bill Ackman’s Pershing Square, which has completed 20-25% of this ambitious plan with continued development projected for years to come.

Regional Connectivity: Century Plaza enjoys an ideal location in the affluent corridor between Washington, D.C. (22 miles) and Baltimore (15 miles), with seamless access to major thoroughfares including Route 32, Route 40, and I-95. The Property also benefits from proximity to significant multifamily developments and established communities.

Repositioning Optionality: The Property’s 2.4-year WALT allows investors to capture immediate cash flow while developing longer-term strategies. Zoned NT (New Town) District, the site permits a wide range of potential uses. The ongoing neighborhood transformation led by HHH positions the Property as an attractive candidate for various repositioning opportunities to align with diverse investment objectives.