{"id":1004122294,"date":"2015-06-30T23:00:50","date_gmt":"2015-07-01T07:00:50","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=354104"},"modified":"2020-05-19T03:37:56","modified_gmt":"2020-05-19T11:37:56","slug":"massive-greater-baltimore-industrial-building-changes-owners","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/massive-greater-baltimore-industrial-building-changes-owners\/","title":{"rendered":"Massive Greater Baltimore Industrial Building Changes Owners"},"content":{"rendered":"<p style=\"text-align: justify;\"><em>By Adrian Maties, Associate Editor<\/em><\/p>\n<p style=\"text-align: justify;\"><a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/06\/Halethorpe.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-354105\" title=\"1954 Halethorpe Farms Road\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/06\/Halethorpe.jpg\" alt=\"1954 Halethorpe Farms Road\" width=\"225\" height=\"300\" \/><\/a>The strong industrial market in the Baltimore-Washington Corridor region has registered another sale. Blue Ocean Realty is the latest company to add its name to the list of industrial buyers in the area.<\/p>\n<p style=\"text-align: justify;\">The Baltimore-based firm\u2019s new acquisition is the massive industrial building at 1954 Halethorpe Farms Road. It purchased the property from the Halethorpe Business Trust for an undisclosed price. MacKenzie\u2019s Investment, Industrial and Capital teams worked together to arrange the sale. Michael Spedden, vice president, and Don Schline, senior vice president and principal, both of MacKenzie Commercial Real Estate Services, LLC, represented the seller in the transaction. Capital advisory services were provide by John Black, president of MacKenzie Capital Company, LLC.<\/p>\n<p style=\"text-align: justify;\">The 680,000-square-foot facility is at 1954 Halethorpe Farms Road. According to MacKenzie, the property was fully leased at the time of the sale to seven tenants. Of these, Alcoa, one of the largest producers of aluminum in the world, occupies 55 percent of the building. The company has recently renewed its lease at the Halethorpe facility.<\/p>\n<p style=\"text-align: justify;\">In a news release, Don Schline said that the building attracted a number of regional and institutional bidders, thanks to its ceiling heights, location in the Baltimore-Washington Corridor and the Alcoa renewal. \u201cWith this acquisition, Blue Ocean has obtained instant market scale as they continue to grow their industrial portfolio,\u201d he added.<\/p>\n<p style=\"text-align: justify;\"><em>Photo credit: <\/em><a href=\"https:\/\/www.mackenziecommercial.com\" rel=\"nofollow\" ><em>www.mackenziecommercial.com<\/em><\/a><em>             <\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The strong industrial market in the Baltimore-Washington Corridor region has registered another sale. Blue Ocean Realty is the latest company to add its name to the list of industrial buyers in the area.<\/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":[],"class_list":["post-1004122294","post","type-post","status-publish","format-standard","hentry","category-baltimore","category-latest"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Massive Greater Baltimore Industrial Building Changes Owners - 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\/massive-greater-baltimore-industrial-building-changes-owners\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Massive Greater Baltimore Industrial Building Changes Owners\" \/>\n<meta property=\"og:description\" content=\"The strong industrial market in the Baltimore-Washington Corridor region has registered another sale. 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