Goldman Sachs Scores $67M Industrial Portfolio

By Evelina Croitoru

7587 Montevideo Road

Cushman & Wakefield has facilitated the disposition of a Baltimore-Washington Corridor industrial portfolio on behalf of Exeter Property Group. Goldman Sachs acquired the four buildings totaling 650,000 square feet for $66.7 million.

The portfolio includes:

• 7587 Montevideo Road
• 7591 Montevideo Road
• 7595 Montevideo Road
• 7100 Old Landover Road

Property Details

7587 Montevideo Road is an 82,940-square-feet office/warehouse facility in Jessup, Md. The property features 28-foot clear height, five dock doors, one drive-in door, 1.5 parking spaces per 1,000 square feet and building depth of 185 feet. The asset is situated in the heart of Baltimore-Washington Corridor, less than two miles from Maryland Route 175. 7591 Montevideo Road is a 169,450-square-foot warehouse/distribution facility also located in Jessup.

7595 Montevideo Road is a 148,680-square-foot warehouse, adjacent to the Dorsey Run Road extension with direct access to routes 100, 175 and 32. The facility features 26 docks with levelers and two drive-in doors. The property is currently under renovation.

7100 Old Landover Road is a 248,930-square-foot facility in Landover, Md. Located in a premier industrial park two miles inside the Washington, D.C. Beltway, the asset features fenced loading area, 18-foot clear height, 29 parking stalls and gas-fired heating units.

7595 Montevideo Road

“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. These properties are strategically located in the market to service the growing consumer populations of Baltimore and Washington, D.C.,” Jonathan Carpenter, executive managing director at Cushman & Wakefield, said in prepared remarks.

Images courtesy of Exeter Property Group