Mid-Atlantic Properties
Mid-Atlantic Properties is a privately held commercial real estate investment, development, and management company founded in 1987, owning and operating office, retail, co-working, parking, storage, industrial, and residential properties primarily in the Towson, Maryland area.
- Company typePrivate
- Founded1987
- HeadquartersTowson, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Mid-Atlantic Properties does
Mid-Atlantic Properties, Inc. is a privately owned commercial real estate investment, development, and management company founded in 1987 by Wayne R. Gioioso Jr. and headquartered in Towson, Maryland. The company owns and operates a diversified portfolio across the Mid-Atlantic region spanning Class-A and Class-B office buildings, street-level retail, co-working space, parking garages and lots, secure storage, industrial land, and a small multi-family residential complex. The firm's stated strategy is to acquire "value-add" office and retail properties and reinvest in them over time, with a focus on long-term tenant relationships rather than opportunistic resale. Revenue is generated almost entirely through recurring rental income — long-term commercial leases, monthly parking, monthly co-working and storage subscriptions, industrial land rent at Hunter's Green Industrial Park (Hagerstown, MD), and monthly residential leases at 8 Cedar Avenue — supplemented by ancillary services such as build-to-suit development.
The go-to-market is sales-led and relationship-driven via a dedicated in-house leasing organization (Director of Leasing, Senior Leasing Manager, and Leasing Associates), supported by listings on LoopNet and CoStar for commercial properties and LiquidSpace for One Office co-working. Pricing is quote-based for commercial and residential leases with an emphasis on flexible terms; co-working pricing is publicly listed (e.g., $200/month shared desk, $650–$750/month private office, $1,250/month team office, $60/hour meeting room). Notable tenant logos include law firms Venable LLP, Bowie & Jensen LLC, Nemphos Braue LLC, and Turnbull, Nicholson & Sanders PA at Court Towers; State Farm Mutual Insurance and IMRE also at Court Towers; FedEx, Staples, Lenox-China, Pet Smart, and Home Depot at Hunter's Green; and Aveley Farms as a retail/cafe tenant at 40 West Chesapeake. Co-working and ancillary revenue (parking, storage) is sold both directly and via marketplace channels.
Recent strategic activity indicates active expansion: the company acquired the 51,350 SF Lafayette Building in JV with Caves Valley Partnership (2018), the 42,203 SF Padonia Building (2019), and the 133,000 SF Court Towers (October 2023) — its largest single asset — followed by the October 2024 launch of One Office, a co-working operation inside Court Towers managed via a partnership with Launch Workplaces. A 90,000 SF adaptive-reuse parcel at 305 W. Chesapeake and multiple build-to-suit sites across Towson indicate a continued value-add development pipeline. The leadership combines real estate operators and professionals with family involvement (Lily Gioioso Fulco as Director of Leasing, Kaylie Gioioso Stern as In-House Counsel, Bennett Gioioso as Assistant Project Manager).
Mid-Atlantic Properties firmographics
Firmographics- Name
- Mid-Atlantic Properties
- Legal name
- Mid-Atlantic Properties, Inc.
- Website
- https://midap.com
- Company type
- Private
- Founded year
- 1987
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Mid-Atlantic Properties is a privately held commercial real estate investment, development, and management company founded in 1987, owning and operating office, retail, co-working, parking, storage, industrial, and residential properties primarily in the Towson, Maryland area.
- Ownership category
- akta.pro rank
Mid-Atlantic Properties industry classification
Industry- Product category
- Commercial Real Estate
- NAICS
- Lessors of Nonresidential Buildings (except Miniwarehouses) (53112), Real Estate Property Managers (53131), Rental and Leasing Services (532), Lessors of Real Estate (5311)
- SIC
- Real Estate Agents & Managers (For Others) (6531), Operators Of Nonresidential Buildings (6512), Real Estate Dealers (For Their Own Account) (6532)
- akta.pro primary industry
- Mixed-Use Property Management (BPAJAGAE)
- akta.pro secondary industries
- Residential Real Estate Asset Management (BPAJAMAA), Multifamily Brokerage (BPAJABAD), Transitional/Development Land Brokerage (Entitled, In-Path-of-Growth) (BPAJADAJ)
Keywords
Where Mid-Atlantic Properties is headquartered
LocationHeadquarters
- HQ city
- Towson
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
Mid-Atlantic Properties business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Infrastructure, Marketing or Sales
Revenue model
- Commercial Real Estate Leasing: Rental income from office, retail, and industrial properties across the Mid-Atlantic region. Properties are owned and managed by the company, with tenants signing leases for various terms.
- Industrial Land Leasing: Rental income from industrial land at Hunter's Green Industrial Park in Hagerstown, MD. Tenants include major logistics and retail companies.
- Co-Working Space Memberships: Flexible membership-based revenue from One Office co-working space. Options include monthly desks, private offices, team offices, and meeting room rentals at Court Towers.
- Parking Operations: Revenue from parking garages and lots in Towson, MD properties. Includes daily, monthly, and hourly parking arrangements.
- Multi-Family Residential Leasing: Rental income from 8-unit apartment complex at 8 Cedar Avenue, Towson, MD. Units are 2-bedroom, 1-bathroom with flexible rental rates.
- Storage Unit Leasing: Revenue from secure storage units at Allegheny Plaza, ranging from 50 SF to 3,000 SF with 24/7 surveillance and electronic access control.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Team Office - $1,250/month |
| Subscription | Monthly | 1-3 Person Private Window Office - $750/month |
| Subscription | Monthly | Private Window Office - $650/month |
| Subscription | Monthly | One Office Co-Working Space - $200/month or $30/day pass |
| Usage-based | Pay-as-you-go | Meeting/Conference Room - $60/hour |
| Subscription | Monthly | Mail and Address Services - $69/month |
| Subscription | Monthly | Residential at 8 Cedar Avenue - Quote-based |
| Subscription | Monthly | Storage Units - 50 SF to 3,000 SF |
Go-to-market motion1 record
Distribution channels4 records
Marketing channels8 records
Mid-Atlantic Properties product offering
Product offeringCore offering
Mid-Atlantic Properties purchases, develops, and manages a diversified portfolio of commercial real estate properties in the Mid-Atlantic region, primarily Maryland. Core offerings include office buildings (such as the ~133,000 SF Court Towers), retail properties, industrial land at Hunter's Green Industrial Park in Hagerstown, residential apartments, parking facilities, secure storage units, build-to-suit development, and the One Office co-working space. Revenue is generated primarily through long-term and short-term leases to commercial tenants, individual residents, and co-working members.
Product overview
Mid-Atlantic Properties operates a diversified commercial real estate portfolio offering eight distinct product lines: office buildings (including Court Towers with ~133,000 SF and multiple Class B properties in Towson), One Office co-working space (flexible workspace with private offices, coworking desks, and meeting rooms), parking services (garages and lots across Towson), storage units (50-3,000 SF secure units at Allegheny Plaza), build-to-suit development (custom construction management at multiple Towson sites), Hunter's Green Industrial Park (industrial land in Hagerstown with major tenants), residential apartments (8-unit complex at 8 Cedar Avenue near Towson University), and 305 W. Chesapeake redevelopment (adaptive reuse opportunity). The company serves tenants across office, retail, law, government, and service sectors with a focus on responsive property management and value-add repositioning.
Differentiator
Problem solved
Functional benefit
Brands
- One Office: Towson's premier co-working space offering flexible office solutions including private offices, team offices, co-working spaces, and meeting rooms at Court Towers, 210 W. Pennsylvania Avenue.
Products and services
- Office Buildings
Quantifiable outcome
- 100% tenant satisfaction goal stated on website
Companies that use Mid-Atlantic Properties
Customer profileNamed customers12 records
Segments6 records
Ideal customer profiles5 records
Mid-Atlantic Properties technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration3 records
Mid-Atlantic Properties partnerships and signals
Strategic signalPartnerships
Eight partnerships are on record, tiered core and minor.
- Launch WorkplacescoreLaunch Workplaces operates a co-working space within Court Towers at 210 W. Pennsylvania Avenue. Mid-Atlantic Properties acquired Court Towers with Launch Workplaces already in place as a tenant operating One Office co-working space.
- Towson Arts CollectiveminorPartnership to establish an art gallery on the first floor of Court Towers at 210 W. Pennsylvania Avenue. The collective will host gallery hours, monthly receptions, and occasional evening workshops. First exhibit opened December 7, 2023.
- Aveley FarmscorePartnership to bring Aveley Farms coffee roastery and cafe to 42 W. Chesapeake Avenue. Mid-Atlantic Properties purchased the property with the Aveley partnership in mind and entered a long-term lease agreement for the nearly 4,000 square foot building. Aveley operates the cafe while Mid-Atlantic Properties provides the property.
- Caves Valley PartnershipcoreJoint venture partnership for commercial real estate acquisition and development. First acquisition together was the Lafayette Building (40 West Chesapeake) in Towson, MD - a 51,350 square foot mixed-use office and retail property. Both firms specialize in commercial real estate development and management.
- Our Daily BreadminorCommunity service partner. Mid-Atlantic Properties staff spends one day per month participating in community service including Our Daily Bread, a hot meal program.
- Habitat for HumanityminorCommunity service partner. Mid-Atlantic Properties staff participates in Habitat for Humanity projects as part of monthly community service commitment.
- Ronald McDonald House Charities of Baltimore, Inc.minorCommunity service partner. Mid-Atlantic Properties staff volunteers with and supports Ronald McDonald House Charities through monthly community service activities.
- NAIOP MarylandminorIndustry association partner. Mid-Atlantic Properties participates in NAIOP Maryland's Community Service Projects as part of their giving back initiatives.
Scale indicators7 records
Recent moves7 records
Expansion highlights6 records
Mid-Atlantic Properties competitors and assessment
Company assessmentDirect peers
- Caves Valley Partners: Towson-based commercial real estate investment and development firm and active JV partner of Mid-Atlantic Properties (Lafayette Building, 2018). Directly comparable as a regional Maryland owner/operator of office and mixed-use assets.
- St. John Properties: Maryland-based commercial real estate developer and owner of office, retail, and flex/industrial space across the Mid-Atlantic. Closely comparable to Mid-Atlantic Properties in asset mix (office + industrial), regional focus, and value-add repositioning strategy.
- Greenberg Gibbons: Baltimore-area commercial real estate developer focused on mixed-use, retail, and office properties in Maryland. Comparable in regional footprint, asset-class mix, and Towson-area project profile.
- The Cordish Companies: Privately held Baltimore-based real estate operator with office, mixed-use, entertainment, and residential holdings. Comparable as a Maryland-rooted, family-controlled, multi-product-line real estate investment and management firm.
Regional players
- MacKenzie Commercial Real Estate Services: Maryland-based full-service commercial real estate firm providing brokerage, property management, and asset management in the Baltimore/Towson corridor. Comparable in regional focus and service overlap (management, leasing).
- Bozzuto Group: Mid-Atlantic-focused real estate company operating multifamily, mixed-use, and commercial assets across the Baltimore-Washington corridor. Comparable geographic footprint and multi-family exposure (8-unit Cedar Ave portfolio).
Broad incumbents
- JLL (Jones Lang LaSalle): Global commercial real estate services and investment firm. Comparable as a competitive leasing platform (Mid-Atlantic Properties hired Senior Leasing Manager John Fulco from JLL) and as a large-scale institutional peer in commercial property.
- Cushman & Wakefield: Global commercial real estate services firm active in Towson-area office leasing and tenant representation. Comparable as a broader incumbent competing for the same Mid-Atlantic professional-services tenant base.
Emerging players
- Industrious: National flexible-workspace and co-working operator. Comparable to Mid-Atlantic Properties' One Office sub-brand as a competing flexible-workspace offering in the broader office market.
Others
- Howard Bank: Mid-Atlantic regional bank that has provided financing to Mid-Atlantic Properties and features Wayne Gioioso in commercial content. Comparable as a financing/capital counterparty rather than a direct competitor, but a key ecosystem relationship for the company.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Mid-Atlantic Properties social profiles
Digital presenceMid-Atlantic Properties financial estimates
Financial estimateRevenue estimate
Valuation estimate
Mid-Atlantic Properties leadership team
Management profileNumber of profiles
Profiles14 records
Mid-Atlantic Properties funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Mid-Atlantic Properties M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Mid-Atlantic Properties
What does Mid-Atlantic Properties do?
Mid-Atlantic Properties purchases, develops, and manages a diversified portfolio of commercial real estate properties in the Mid-Atlantic region, primarily Maryland. Core offerings include office buildings (such as the ~133,000 SF Court Towers), retail properties, industrial land at Hunter's Green Industrial Park in Hagerstown, residential apartments, parking facilities, secure storage units, build-to-suit development, and the One Office co-working space. Revenue is generated primarily through long-term and short-term leases to commercial tenants, individual residents, and co-working members.
Is Mid-Atlantic Properties a public or private company?
Mid-Atlantic Properties is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Mid-Atlantic Properties founded?
Mid-Atlantic Properties was founded in 1987. It employs 11 to 50 people.
Where is Mid-Atlantic Properties based?
Mid-Atlantic Properties is headquartered in Towson, United States, in the North America region.
How does Mid-Atlantic Properties make money?
Six revenue lines are on record. Commercial Real Estate Leasing is the primary driver. The others are industrial Land Leasing, co-Working Space Memberships, parking Operations, multi-Family Residential Leasing and storage Unit Leasing.
Who are Mid-Atlantic Properties's main competitors?
Direct peers on record are Caves Valley Partners, St. John Properties, Greenberg Gibbons and The Cordish Companies. Regional players are MacKenzie Commercial Real Estate Services and Bozzuto Group. Broad incumbents are JLL (Jones Lang LaSalle) and Cushman & Wakefield. Industrious is listed as an emerging player. Howard Bank is listed as an others.
Does Mid-Atlantic Properties have an API?
No public API is recorded for Mid-Atlantic Properties.
What industry is Mid-Atlantic Properties in?
Mid-Atlantic Properties's product category is Commercial Real Estate. Its primary akta.pro industry code is BPAJAGAE, Mixed-Use Property Management, with a secondary code of BPAJAMAA, Residential Real Estate Asset Management. Its NAICS code is 53112 and its SIC code is 6531.