"In a slow market, that's pretty good," he said.

Overall, "the Water's Edge Corporate Campus is over 95 percent leased," he said.

The past year, however, has brought significant financial challenges.

"I think the economy clearly has been significantly slower than anyone had anticipated," Bradley said. "Activity was fairly brisk until this year and now there's very limited activity in the market from defense contractors due to uncertain economic times and the federal budget."


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Nevertheless, in the future, "we still expect activity," he said.

Louis Boeri Jr., co-director of leasing for Merritt Properties, also hoped the promises of BRAC lie farther ahead.

Merritt is still building its roughly 95,000-square-foot Aberdeen Corporate Park off of Route 22.

The first of five buildings is scheduled to be available for occupancy in February 2012.

"We are a firm believer that base realignment to Aberdeen is going to be a significant economic driver to Harford County for the next 10, 15, 20 years," Boeri said. "As evidence of this, we bought this property last year and plan to put [in] a $40 million investment to grab much of that economic growth"

Boeri said Merritt is already seeing interest from defense contractors, although he would not name possible tenants yet.

"This is a pretty big commitment," he said of Aberdeen Corporate Park.

With the economy again in flux, however, Richardson, the county economic development director, said he is unsure what the latest economic uncertainties will mean when BRAC is taken into account.

"Until we get a better handle on the national picture, the local picture will remain unsettled," he said. "We still don't have the number of private defense jobs we hoped for."