Sparrows Point Property Acquired by Transportation Company for $2.7M
November 17, 2015 – BALTIMORE – Cushman & Wakefield, a global leader in commercial real estate services, announced that it has arranged the sale of 8911 Bethlehem Boulevard, a 136,000 square foot warehouse and distribution facility on 8.9 acres in Sparrows Point, Maryland. Fraley & Schilling Inc., an asset based transportation company headquartered in Rushville, Indiana, purchased the property for $2,737,500.
Fraley & Schilling will utilize the building for warehouse and distribution thru their subsidiary Universal Trade Solutions. They operate multiple facilities throughout the United States and the 8911 Bethlehem Boulevard acquisition will allow them to double their existing foot print in the Baltimore market.
8911 Bethlehem Blvd. was purchased from Dietrich Metals, a division of Worthington Industries in Columbus Ohio. Craig Lewis, Rick Latini and Mike Hurd of Cushman & Wakefield were the only brokers involved in this transaction.
“8911 Bethlehem Boulevard’s strategic location, close to the new Sparrows Point Terminal and the Port of Baltimore, put Fraley & Schilling/UTS in the heart of the Baltimore manufacturing base, with great access to intermodal facilities and the interstate networks,” commented Craig Lewis.
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