Cushman & Wakefield Represents B. Von Paris & Sons, Inc.in 75,000 SF Sublease

BALTIMORE – Cushman & Wakefield announced that TLR, LLC subleased 75,000 square feet from B. Von Paris & Sons, Inc. at 8750 Larkin Road in Savage, Maryland. 8750 Larkin Road is a 148,483-square-foot warehouse owned by Prologis. Robert Oare and Jared Ross of Cushman & Wakefield represented B. Von Paris & Sons, Inc. in the transaction. “This transaction was attractive to our client due to the immediate sublease start date, the subtenant, TLR,LLC needs no tenant improvements and is warehousing household goods/clothing for Goodwill of Greater Washington.” Rebecca Murphy +1 410 347 7814

By | 2018-04-05T14:24:32+00:00 December 7th, 2016|In the News, Press Release|0 Comments

Cushman & Wakefield Capital Markets Arranges Sale and Financing of Station Ridge in the Baltimore Washington Corridor

LEED Gold, Transit Oriented Suburban Office Portfolio in the BWI Submarket Sold for $57.5M BALTIMORE – Cushman & Wakefield announced today that it has arranged the sale of Station Ridge. The three-building, 265,354-square-foot Class A office portfolio is located at 7031-7037 Ridge Road in Hanover, MD. Boston-based Tritower Financial Group acquired the portfolio for $57.5 million, or $217 per square foot. The seller, an institutional owner of real estate, was represented by the Cushman & Wakefield Baltimore Capital Markets team of Jonathan Carpenter, Nicole Keelty and Graham Savage. “This transaction proves there is a vibrant market for well-positioned and modernized suburban office assets in the Baltimore Washington region,” said Mr. Carpenter, Executive Managing Director of Cushman & Wakefield. “The transit-oriented location and LEED certification, combined with strong tenant credit and lease term, drove strong interest in the property and will provide the new owner with secure cash flow and additional [...]

By | 2016-09-16T13:23:07+00:00 September 16th, 2016|In the News|0 Comments

Cushman & Wakefield Capital Markets Arranges Sale of 6610 Cabot Drive in the Baltimore Washington Corridor

BALTIMORE – Cushman & Wakefield announced that it has arranged the sale of 6610 Cabot Drive, a 199,249-square-foot, Class A bulk warehouse located in Baltimore and home to lead tenant W.R. Grace & Company. Industrial Property Trust acquired the warehouse from Highbrook Investment Management for more than $17.5 million, or $87.95 per square foot. The seller was represented by the Cushman & Wakefield Baltimore Capital Markets team of Jonathan Carpenter, Nicole Keelty, and Graham Savage. “The long-term lease with a strong credit tenant drove interest in the deal, as institutional investors continue to pursue core, low-risk cash flow opportunities,” said Carpenter. “Interest levels remain extremely high for well-located and functional industrial buildings in the Baltimore Washington Corridor.” Rebecca Murphy +1 410.347.7814

By | 2016-09-16T13:16:39+00:00 September 16th, 2016|In the News, Press Release|0 Comments

Apex, LLC Acquires Distribution Warehouse in Baltimore

Former Mrs. Filbert’s Margarine Processing Plant Sold for $3.5M BALTIMORE – Cushman & Wakefield announced that it has arranged the sale of 3701 Southwestern Blvd., a 160,782-square-foot distribution warehouse on 6.7 acres in Baltimore. Apex, LLC acquired the warehouse from 3701 Realty, LLC for $3.5 million. Apex, LLC is a partnership formed by Shaw Real Estate and Mukul Mehta, owner of The Mayflower Companies. Apex, LLC was represented by Michael Elardo, Senior Director at Cushman & Wakefield. The seller was represented by Robert Oare, Jared Ross, Jarred Testa and Tilghman Herring, also of Cushman & Wakefield. “Shaw Real Estate, LLC was attracted to the property due to its location, large power and utility feeders and infrastructure,” said Mr. Elardo. “They are planning a major redevelopment of the property to include the addition of dock and drive-in doors, raising the roof in sections, a new tenant entry and complete refurbishment of [...]

By | 2016-09-16T13:07:26+00:00 September 16th, 2016|In the News, Press Release|0 Comments

Cushman & Wakefield Represents ClearView Group in Headquarters Relocation

Accounting Firm Inks 17,531 SF Lease in Owings Mills, MD  BALTIMORE – Cushman & Wakefield announced that ClearView Group has signed a 17,531-square-foot lease and is relocating its headquarters from Hunt Valley, MD, to 11155 Red Run Boulevard in Owings Mills, MD. ClearView Group is a Maryland-based CPA and management consulting firm. 11155 Red Run Boulevard, owned by DFLA LLC, is a 120,327-square-foot, Class A office building formerly occupied by Legg Mason. Andy McIlvaine and Matthew Seward of Cushman & Wakefield represented ClearView Group in the transaction. “We couldn’t be more excited about the fresh and dynamic space we are creating in Owings Mills,” said Brian Davis, Managing Director and CEO of ClearView Group. “With our growth plans, there really weren’t a lot of options that would allow us to expand in the same building. The combination of location, floor plates, and amenities really gives us a great foundation for [...]

By | 2016-08-22T10:56:32+00:00 August 22nd, 2016|In the News, Press Release|0 Comments

Cushman & Wakefield Represents Bay Design in Headquarters Relocation

Bay Design Signs 24,000-Square-Foot Lease at 1325 Western Avenue in Baltimore BALTIMORE – Cushman & Wakefield announced that Bay Design has signed a 24,000-square-foot lease and is relocating its headquarters to 1325 Western Avenue in Baltimore. Alan Orman of Cushman & Wakefield represented Bay Design, a custom designer, manufacturer and integrator of automation, ergonomic and material handling equipment for industry. 1325 Western Avenue, a 185,600-square-foot industrial warehouse, is owned by DCT Industrial and is currently 90% leased. “When our current facility changed ownership, we were forced to find a new headquarters in a very short timeframe,” said Jim Brown, President of Bay Design. “This property was particularly attractive because of its immediate availability and convenient location.” “I have been representing Bay Design for nearly a decade, and I was delighted to partner with them to find a new location that is both convenient and affordable,” said Alan Orman, Vice President [...]

By | 2016-07-18T13:48:55+00:00 July 18th, 2016|In the News|0 Comments

Bolton Partners and Baltimore Business Journal to Relocate to 36 South Charles Street

Cushman & Wakefield Represents Landlord in Leasing Efforts BALTIMORE - Cushman & Wakefield announced today that 36 South Charles Street in Baltimore will welcome two new tenants in the coming months. Bolton Partners, Inc. and the Baltimore Business Journal have signed leases totaling 25,000 square feet at this Class A office tower. Matthew Seward and Brian Wyatt of Cushman & Wakefield represented the landlord, while Bolton Partners was represented by Courtenay Jenkins and Rich Thomas, also of Cushman & Wakefield. The Baltimore Business Journal was represented by Clare Berrang of JLL. Bolton Partners will occupy 18,397 square feet, and the Baltimore Business Journal will take 6,487 square feet. “Bolton Partners has achieved consistent growth over the last three decades, and we are looking forward to continued expansion at 36 South Charles Street,” commented Christopher Bolton, Vice President of Corporate Development at Bolton Partners. “We remain committed to the City of [...]

By | 2016-06-10T11:06:51+00:00 June 10th, 2016|In the News, Press Release|0 Comments

Cushman & Wakefield Represents Prologis in 88,000-Square-Foot Lease in the Baltimore Washington Corridor

Aireco Supply, Inc. Inks Lease Bringing Building to Full Occupancy BALTIMORE – Cushman & Wakefield announced today that Aireco Supply, Inc. has leased 88,000-square-feet at 8230 Sandy Court in the Baltimore Washington Industrial Park. Tenants Aireco Supply, Inc. and Reliable Tire will fully occupy this light distribution building. Cushman & Wakefield’s Tilghman Herring, Jarred Testa and Michael Walsh represented Prologis, the global leader in logistics real estate. Aireco Supply, Inc. is a heating, ventilating, air conditioning and refrigeration (HVACR) wholesaler in the Mid-Atlantic region. Founded in 1952, today Aireco has 42 locations throughout the Mid-Atlantic region, including three M&M Controls specialty stores. “Aireco’s decision to partner with Prologis was shaped by the building’s recent renovations, including new, modern offices and energy efficient lighting, as well as its ideal Baltimore Washington Industrial Park location and Aireco’s confidence in Prologis,” said Danielle Schline, Senior Leasing Manager for Prologis. In October 2014, Cushman [...]

By | 2016-05-26T11:02:37+00:00 May 26th, 2016|In the News, Press Release|0 Comments

Principal Real Estate Investors Selects Cushman & Wakefield to Lease Baltimore Industrial Portfolio

Portfolio Includes Three Buildings Totaling 790,349 Square Feet Cushman & Wakefield, a global leader in commercial real estate services, announced today that its Core Industrial Team has been retained by Principal Real Estate Investors to serve as the exclusive leasing agent for its Baltimore Industrial Portfolio. This portfolio consists of three Class A buildings totaling 790,349 square feet. The portfolio includes: 7801 Dorsey Run Road and 8235 Patuxent Range Road, two first-generation, Class A buildings with 32-foot clear heights, ESFR sprinkler system and trailer storage that delivered in 2015 and 2014, respectively 10000 Franklin Square Drive, located within close proximity to the Port of Baltimore in White Marsh, MD, and provides easy access and visibility to Interstate 95 and includes clear height and trailer storage “We are excited to have been chosen to represent Principal Real Estate Investors on its Baltimore Industrial Portfolio,” said Jarred Testa, Senior Vice President at [...]

By | 2018-04-05T14:24:34+00:00 May 19th, 2016|In the News, Press Release|0 Comments

Cushman & Wakefield Represents Ownership in Sale of 229 W. Chase Street in Baltimore

Cushman & Wakefield, a global leader in commercial real estate services, announced that it has represented the ownership in the sale of 229 W. Chase Street, a 6,750-square-foot office/retail building located in Baltimore. The building is 100% leased to Blick Art Materials. Conflux, 229 LLC purchased 229 W. Chase Street from Kristin Stueber and Kathryn Pappas in May 2016 for $614,100. Kristin Stueber and Kathryn Pappas were represented by Robert Oare of Cushman & Wakefield. “This interesting one-story building located in the Maryland Institute College of Art /Mt. Royal area of Baltimore was a former Maryland Transit Administration bus repair facility converted to a retail store,” said Mr. Oare. “There were several businesses interested in the property, but the purchaser is an investor who appreciates the long-term value of this property and its location within the artistic community.” Becky Murphy +1 410 347 7814

By | 2016-05-19T13:07:21+00:00 May 19th, 2016|In the News, Press Release|0 Comments