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RREEF acquires Gateway center

RREEF has announced its acquisition of Gateway Commerce Center, a three-building portfolio of nearly 2 million square feet of warehouse and distribution space, for about $125 million.

Formerly owned by Invesco PLC, the buildings occupy 164 acres near Route 175 and Interstate 95 at Columbia Gateway business center. Sears, Revlon, Time Critical Freight Inc. and Jack and Jill Ice Cream Co. have occupied the buildings.

Gateway Commerce Center includes 8901 Snowden River Parkway, a 960,000-square-foot building; 8700 Robert Fulton Drive, more than 700,000 square feet; and 6751 Alexander Bell Drive, a building of about 258,000 square feet. Exterior improvements to the buildings are planned.

The company is seeking tenants for the buildings, which offer access to the Baltimore-Washington market, as well as to air-cargo distribution points and ports, via the highway system.

RREEF, a member of the Deutsche Bank Group, manages pension fund real estate investments for more than 480 corporate, public and international clients.

Fundraiser planned for Komen foundation

In celebration of Columbia's 40th birthday, Ryland Homes and Artists' Gallery will hold a fundraiser for the Susan G. Komen Foundation.

The event, an exhibition of work by local artists, will be held from 5 p.m. to 8 p.m. July 7 at Ryland's Ovation Condominiums for buyers ages 55 and older at 9000 Forgotten Flower Way in Columbia.

The art will be for sale. Hors d'oeuvres and wine will be served. A portion of the price will go to the Susan G. Komen Foundation. Reservations are requested.

Information: 410-290-1006.

'Selling to the Army' conference tomorrow

Marketing Outsource Associates Inc. and its TargetGov division, which focuses on government procurement, will hold a teleconference, "Selling to the Army!" from 1 p.m. to 2 p.m. tomorrow.

Speakers are to include Nancy D. Small of the U.S. Army Office of Small Business Programs, and Gloria Berthold, president of Elkridge-based Marketing Outsource Associates Inc.

The cost is $89, and includes printed information.

Information:, and click on "Selling to the Army."

Bank promotion to aid foundation

Columbia Bank in cooperation with Columbia Foundation has announced a promotion to be held during the 40-day celebration of Columbia's 40th anniversary.

Customers who open a "classic checking" or "relationship checking" account during this time and who choose the direct deposit option will receive $40. In addition, the bank will make a matching donation of $40 to the foundation in the name of the account holder.

Consumers who participate in the program will also receive a commemorative 40th Birthday Club Pin.

John A. Scaldara Jr., president and chief executive officer of the bank, serves on the foundation's board of trustees. The bank participates in an endowment fund for the nonprofit community foundation, which provides funding to Howard County nonprofit organizations delivering human service, arts and cultural, educational and civic programs.

Columbia Bank is an affiliate of Fulton Financial Corp., a $15 billion financial holding company in Lancaster, Pa.

Business Digest items may be sent to or faxed to 410-715-2816.

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