{"id":1004057922,"date":"2013-01-18T09:51:11","date_gmt":"2013-01-18T17:51:11","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=95810"},"modified":"2020-05-19T02:41:50","modified_gmt":"2020-05-19T10:41:50","slug":"industrial-properties-sell-in-the-baltimore-area","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/industrial-properties-sell-in-the-baltimore-area\/","title":{"rendered":"Industrial Properties Sell in the Baltimore Area"},"content":{"rendered":"<p style=\"text-align: justify\"><em>By Adrian Maties, Associate Editor<\/em><\/p>\n<p style=\"text-align: justify\">Baltimore\u2019s industrial market has started 2013 strong, with three proprieties recently sold for a total of around $35 million. According to a report released in January by CBRE for last year\u2019s fourth quarter, industrial sales in the Baltimore market in 2012 are on a path to exceed sales from <a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/01\/q4bal.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-95811\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/01\/q4bal.jpg\" alt=\"\" width=\"300\" height=\"259\" \/><\/a>the previous year by 20 percent.<\/p>\n<p style=\"text-align: justify\">1021 Swan Creek Drive, a Class A industrial property leased by Nissan North America, has been sold for $13.5 million. Hartz Mountain Industries has purchased the property in Baltimore\u2019s Curtis Bay neighborhood from Swan Creek 5R LLC, a subsidiary of the Belt&#8217;s Corp. CBRE arranged the sale.<\/p>\n<p style=\"text-align: justify\">The building is located in the Marley Neck Industrial Park, just minutes from the Port of Baltimore. Both downtown Washington and downtown Baltimore are within easy reach. The 154,400-square-foot warehouse has 29 loading docks.<\/p>\n<p style=\"text-align: justify\">CBRE First Vice President Jonathan H. Beard and CBRE Senior Vice President Robert T. \u201cBo\u201d Cashman represented The Belt\u2019s Corporation in the transaction. CBRE Senior Vice President John Wilhide also assisted the sale.<\/p>\n<p style=\"text-align: justify\">9060 Junction Drive, a 144,571-square-foot distribution warehouse in Annapolis Junction, MD was sold to Boston-based TA Associates Realty for $8.25 million. Emory Properties was the seller. The warehouse 48 percent  leased.<\/p>\n<p style=\"text-align: justify\">TA Associates Realty also acquired a 205,000 square foot industrial warehouse in Jessup, MD. It paid $13.7 million for the fully leased property at 8125 Stayton Drive to Stayton Associates.<\/p>\n<p style=\"text-align: justify\">Jonathan M. Carpenter and James S. Wellschlager of Cassidy Turley\u2019s Capital Markets Group represented both Emory Properties and Stayton Associates in the transactions mentioned above.<\/p>\n<p style=\"text-align: justify\">The Baltimore metro area remains attractive for industrial users and investors due to its low unemployment, close proximity to Washington, D.C. and Philadelphia, and ease of access to the Port of Baltimore. CBRE reports that although the overall vacancy rate in the area increased from 10.3 to 11.1 percent, largely due to move-outs by bulk users, the outlook still remains optimistic because of new leases and expansions by larger warehouse users like Recall Total Information Management, AFP, Sleepy\u2019s and Proctor &amp; Gamble.<\/p>\n<p style=\"text-align: justify\">Charts courtesy of <a href=\"https:\/\/www.cbre.com\" rel=\"nofollow\">CBRE<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Baltimore&rsquo;s industrial market has started 2013 strong, with three proprieties recently sold for a total of around $35 million. According to a report released on January 9 by CBRE for last year&rsquo;s fourth quarter, industrial sales in the Baltimore market in 2012 are on a path to exceed sales from the previous year by 20 percent.<\/p>\n<p>1021 Swan Creek Drive, a Class A industrial property leased by Nissan North America, has been sold for $13.5 million. Hartz Mountain Industries has purchased the property in Baltimore&rsquo;s Curtis Bay neighborhood from Swan Creek 5R LLC, a subsidiary of the Belt&#8217;s Corp. CBRE arranged the sale.<\/p>\n","protected":false},"author":925,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1579,21742],"tags":[39414,1815],"class_list":["post-1004057922","post","type-post","status-publish","format-standard","hentry","category-baltimore","category-latest","tag-baltimore","tag-national"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Industrial Properties Sell in the Baltimore Area - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/industrial-properties-sell-in-the-baltimore-area\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Industrial Properties Sell in the Baltimore Area\" \/>\n<meta property=\"og:description\" content=\"Baltimore&rsquo;s industrial market has started 2013 strong, with three proprieties recently sold for a total of around $35 million. According to a report released on January 9 by CBRE for last year&rsquo;s fourth quarter, industrial sales in the Baltimore market in 2012 are on a path to exceed sales from the previous year by 20 percent.  1021 Swan Creek Drive, a Class A industrial property leased by Nissan North America, has been sold for $13.5 million. Hartz Mountain Industries has purchased the property in Baltimore&rsquo;s Curtis Bay neighborhood from Swan Creek 5R LLC, a subsidiary of the Belt&#039;s Corp. CBRE arranged the sale.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/industrial-properties-sell-in-the-baltimore-area\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2013-01-18T17:51:11+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-05-19T10:41:50+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/01\/q4bal.jpg\" \/>\n<meta name=\"author\" content=\"Adrian Maties\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/industrial-properties-sell-in-the-baltimore-area\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/industrial-properties-sell-in-the-baltimore-area\/\",\"name\":\"Industrial Properties Sell in the Baltimore Area - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/industrial-properties-sell-in-the-baltimore-area\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/industrial-properties-sell-in-the-baltimore-area\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/01\/q4bal.jpg\",\"datePublished\":\"2013-01-18T17:51:11+00:00\",\"dateModified\":\"2020-05-19T10:41:50+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/6dfc8d1c9006c9fd1c89d69133130109\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/industrial-properties-sell-in-the-baltimore-area\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/industrial-properties-sell-in-the-baltimore-area\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/industrial-properties-sell-in-the-baltimore-area\/#primaryimage\",\"url\":\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/01\/q4bal.jpg\",\"contentUrl\":\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/01\/q4bal.jpg\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/industrial-properties-sell-in-the-baltimore-area\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Industrial Properties Sell in the Baltimore Area\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/6dfc8d1c9006c9fd1c89d69133130109\",\"name\":\"Adrian Maties\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/5d44b73a0d511e855d0ea5f29d28e7d8527c86a0c6c0f67be8f2e9642a9d9e8d?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/5d44b73a0d511e855d0ea5f29d28e7d8527c86a0c6c0f67be8f2e9642a9d9e8d?s=96&d=mm&r=g\",\"caption\":\"Adrian Maties\"},\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/adrianmaties\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Industrial Properties Sell in the Baltimore Area - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/industrial-properties-sell-in-the-baltimore-area\/","og_locale":"en_US","og_type":"article","og_title":"Industrial Properties Sell in the Baltimore Area","og_description":"Baltimore&rsquo;s industrial market has started 2013 strong, with three proprieties recently sold for a total of around $35 million. 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