Thomas Park Holdings Signs 11,300 SF Lease With Soar Autism Center at Pikesville Medical Office Building

Thomas Park Investments, in partnership with Tide Realty Capital, has signed an 11,300-square-foot lease with Soar Autism Center at 4000 Old Court Road, a 42,311-square-foot medical office building in Pikesville, Maryland. The transaction lifts occupancy at the three-story, Class B property to 91%, up from approximately 67% when Thomas Park acquired the building in May 2026.

Lease Details and Tenant Profile

Soar Autism Center will occupy 11,300 square feet at 4000 Old Court Road and plans to open in the first quarter of 2027. The provider delivers comprehensive autism care for young children through an integrated model that combines behavioral, speech, and occupational therapies with psychological and developmental pediatric medical services.

Andrew M. Papantoniou, Senior Vice President with Gittleson Zuppas Papantoniou Medical Realty, represented ownership in the transaction. Todd Shugarman, Principal with Capricorn Retail Advisors, represented Soar Autism Center.

Thomas Park Management provides property management services at the building.

Value-Add Execution at 4000 Old Court Road

Thomas Park acquired 4000 Old Court Road in May 2026 as a value-add medical office investment, with occupancy at approximately 67% at the time of purchase. The Soar Autism Center lease accounts for the majority of the occupancy improvement, bringing the building to 91% leased — equivalent to approximately 38,500 square feet occupied across the 42,311-square-foot asset — within four months of closing.

The firm has also advanced plans for capital improvements at the property, including renovations to interior common areas, updates to the exterior facade, and enhancements to signage and landscaping.

"Reaching 91% occupancy within four months of acquisition is a strong early result at 4000 Old Court Road," said Chris Murray, Senior Vice President of Asset Management at Thomas Park Investments. "The Soar lease significantly reduces the vacancy we inherited at acquisition, and we look forward to continuing to invest in the property and support its healthcare tenants."

Location Within Baltimore's Outpatient Healthcare Corridor

Built in 1987, 4000 Old Court Road is a three-story medical office building situated directly off I-695, the Baltimore Beltway, near Reisterstown Road. The property offers approximately 250 surface parking spaces, supporting the high outpatient visit volumes typical of medical office tenants. The building sits within an established outpatient healthcare corridor serving Pikesville and the broader Baltimore market, with existing tenants spanning specialties that include physical therapy, imaging, audiology, cardiology, pediatrics, dentistry, and podiatry.

About the Firms Involved

Thomas Park Investments, LLC is a healthcare-focused commercial real estate investment firm that acquires and manages medical outpatient buildings across the East Coast, representing approximately $350 million in total transaction volume. The firm is supported by Thomas Park Holdings' integrated commercial real estate platform, which aligns capital, operations, and people across the assets and businesses it owns and operates. Thomas Park Management handles property management for the portfolio.

Tide Realty Capital is a real estate-focused investment firm that provides equity and debt solutions across private and public markets, with a focus on identifying and revitalizing underperforming and distressed assets.

Gittleson Zuppas Papantoniou Medical Realty specializes in medical real estate brokerage. Capricorn Retail Advisors represented the tenant in the transaction.

Sources

Thomas Park Investments — Official Announcement