Towson University pays $8.6M for historic Maryland National Guard armory

The historic Towson armory has a new owner. Towson University has acquired the landmark at the corner of Chesapeake and Washington avenues for $8.6 million. The deal capped a three-year effort to turn the once-vacant Maryland National Guard armory into new incubator space for the fast-growing university that also owns 401 Washington Ave., a former office tower, next door. For the past three years, Towson University and partner Greenberg Gibbons have worked to convert the 26,000-square-foot armory into a job growth center called StarTUp at the Armory with space for a public business incubator.