Academic Privatization,LLC


CareFirst Blue Cross Blue Shield






Academic Privatization was responsible for syndication, financing, concept design, development and construction management in a joint effort with the contractor - Carl Belt, Inc. Leasing was by Academic Privatization and Jones Lang LaSalle. The public-private venture involved a collaboration with the City of Cumberland, Allegany County and the Maryland Department of Economic Development. The project is constructed on land purchased from the County and improved by an Infrastructure Grant from the City. Financing was provided was provided by Graystone Tower Bank

This project was a fast-track development which required cooperation between CareFirst, the City, County, State and Carl Belt, Inc. Project design was provided by VOA Architects and Vanderweil Engineers with site design by SPECS, Inc. CareFirst, Academic Privatization and Carl Belt, Inc. met every week with Jones Lang LaSalle to assure coordination of all requirements and to assure a phased move-in concurrently with the contractor’s work.

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Project Description

Location: Cumberland, MD
Name: CareFirst Blue Cross Blue Shield Regional Offices
10 Commerce Drive
Developers: Academic Privatization of Maryland, LLC 
Owners: CFBC Properties, LLC
Contractor: Carl Belt, Inc.
Tenants: CareFirst of Maryland, Inc.
5,000 sq. ft. vacant for future expansion 
Stories: 2
Gross SQ. FT: 46,739 sq. ft.
Completed: February, 2011
Use: Regional Offices and Data Center
Amenities: The building has controlled access, video camera, metal detection & motion security, a fire sprinkler system, two separate fiber services, server room, and 5,800 sq. ft. of hotel style lobby with a grand staircase. The open space offices include areas for training and conference rooms, a 100 seat cafeteria and a dining patio. Each suite has separately metered utilities. The building is heated with a re-circulating geothermal system and zoned by water-to-air, heat pumps controlled by web reporting Automatic System Management. Also provided are 250 parking spaces and a sprinkler system for the landscaping.  Customized interiors were planned  by the tenant and its interiors designer, VOA.


�2005 Academic Privatization, LLC