20-Building, 2.8 Million Square Foot Mid-Atlantic Industrial Portfolio Sold

The $201,000,000 sale is the largest industrial transaction in Baltimore in more than a decade 6930 San Tomas Road BALTIMORE - Cushman & Wakefield announced today that it recently closed the sale of a major Mid-Atlantic industrial portfolio on behalf of its client, TA Realty. The buyer was international private equity investor, Colony Northstar. The majority of the portfolio, 2.4 million square feet, is concentrated in the greater Baltimore metropolitan area with the remaining 400,000 square feet located in Philadelphia and Delaware. Cushman & Wakefield has been involved with the project since its inception, having assisted with individual building acquisitions, leasing and property management. At the time of the final sale, the portfolio was 94 percent leased to 64 tenants. Upon closing, Cushman & Wakefield has been awarded the property management assignment for all 20 facilities. 9060 Annapolis Junction “The scale of this portfolio sale, along [...]

2018-04-05T14:24:22-04:00August 7th, 2017|In the News, Press Release|

Cushman & Wakefield Arranges the Sale of Baltimore/ Washington Corridor Industrial Portfolio

Goldman Sachs Acquires Four Industrial Buildings Totaling 650,000 Square Feet for $66.7 Million BALTIMORE - Cushman & Wakefield announced that it has closed the sale of the industrial portfolio on behalf of Exeter Property Group. The buildings, 96% leased at the time of the sale, include: 7587 Montevideo Road, Jessup, MD 7591 Montevideo Road, Jessup, MD 7595 Montevideo Road, Jessup, MD 7100 Old Landover Road, Landover, MD “This represents the second largest industrial portfolio transaction we have arranged in the past week. Investor demand for infill last-mile warehouse in the Baltimore/Washington, DC region remains white hot,” said Jonathan Carpenter, Executive Managing Director at Cushman & Wakefield. “These properties are strategically located in the market to service the growing consumer populations of Baltimore and Washington, DC.” Graham Savage, Director, also represented the client. Both he and Jon Carpenter reside in the Baltimore office of Cushman & Wakefield. Jonathan Carpenter +1 410 [...]

2018-04-05T14:24:28-04:00August 3rd, 2017|In the News|

Legg Mason Tower Achieves 100% Occupancy

Johns Hopkins Carey Business School Expands to 145,000 Square Feet BALTIMORE – Cushman & Wakefield and Harbor East Management Group announced that Johns Hopkins Carey Business School has expanded its footprint at Legg Mason Tower by 39,000 square feet. Now occupying 145,000 square feet, the Johns Hopkins Carey Business School sublet an additional floor from Legg Mason as well as the last remaining full floor of direct space from Harbor East Management Group. This expansion brings the Legg Mason Tower to 100% occupancy. Bruce Matthai and David Gillece of Cushman & Wakefield represented Johns Hopkins Carey Business School in the transaction. Legg Mason was represented by Cushman & Wakefield brokers Matthew Seward, Douglas Brinkley and Lizzy Sweeney, while Harbor East Management Group was represented by Brian Wyatt, also of Cushman & Wakefield. “The Legg Mason Tower presents an iconic image along Baltimore’s skyline and stands as a testament to our [...]

2018-04-05T14:24:29-04:00December 7th, 2016|In the News, Press Release|

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

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

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 [...]

2016-09-16T13:23:07-04:00September 16th, 2016|In the News|

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

2016-09-16T13:16:39-04:00September 16th, 2016|In the News, Press Release|

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 [...]

2016-09-16T13:07:26-04:00September 16th, 2016|In the News, Press Release|

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 [...]

2016-08-22T10:56:32-04:00August 22nd, 2016|In the News, Press Release|

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 [...]

2016-07-18T13:48:55-04:00July 18th, 2016|In the News|

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 [...]

2016-06-10T11:06:51-04:00June 10th, 2016|In the News, Press Release|