{"id":1004174028,"date":"2017-04-25T00:54:10","date_gmt":"2017-04-25T08:54:10","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004174028"},"modified":"2022-12-08T20:28:54","modified_gmt":"2022-12-09T04:28:54","slug":"jll-handles-1msf-maryland-redevelopment-listing","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/jll-handles-1msf-maryland-redevelopment-listing\/","title":{"rendered":"JLL Handles 1 MSF Maryland Redevelopment Listing"},"content":{"rendered":"<p><em>By Keith Loria, Contributing Editor<\/em><\/p>\n<p>JLL\u00a0was named as the exclusive listing agent at 7600 Assateague Drive in Jessup, Md., a 60-acre, 1-million-square-foot Class A redevelopment project.<\/p>\n<div id=\"attachment_1004174033\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/04\/7600-Assateague-Drive-in-Jessup-Md..jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004174033\" data-attachment-id=\"1004174033\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/jll-handles-1msf-maryland-redevelopment-listing\/7600-assateague-drive-in-jessup-md\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/04\/7600-Assateague-Drive-in-Jessup-Md..jpg\" data-orig-size=\"800,600\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"7600 Assateague Drive in Jessup, Md.\" data-image-description=\"&lt;p&gt;7600 Assateague Drive in Jessup, Md., &lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;7600 Assateague Drive in Jessup, Md., &lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/04\/7600-Assateague-Drive-in-Jessup-Md..jpg?w=800\" class=\"wp-image-1004174033 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/04\/7600-Assateague-Drive-in-Jessup-Md..jpg\" alt=\"7600 Assateague Drive in Jessup, Md.\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/04\/7600-Assateague-Drive-in-Jessup-Md..jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/04\/7600-Assateague-Drive-in-Jessup-Md..jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/04\/7600-Assateague-Drive-in-Jessup-Md..jpg?resize=768,576 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004174033\" class=\"wp-caption-text\">7600 Assateague Drive in Jessup, Md.<\/p><\/div>\n<p>The property, previously known as the Baltimore-Washington Logistics Center, will be rebranded as the Mid-Atlantic Commerce Center (MACC) and is one of the largest warehouse\/distribution assets in the region.<\/p>\n<p><em>\u201cSituated just one mile from Interstate 95, MACC is in the heart of the Baltimore-Washington corridor in the heart of the 4th largest CMSA in the U.S.,\u201d <\/em>Mark Levy, JLL\u2019s managing director, Greater Baltimore market and Mid-Atlantic industrial and logistics group leader, said in a prepared release. <em>\u201cBeyond that, this redevelopment will afford prospective occupiers the opportunity to be in a highly infill state-of-the-art facility in one of the most constrained markets in the U.S. We are excited to position this asset amongst the multiple large users surveying the Eastern U.S. for major logistics hubs.\u201d<\/em><\/p>\n<p>MACC is owned by AEW Capital Management, on behalf of one of its institutional separate account clients, and the Manekin Corp. The property, which once served as a Giant warehouse, sold for approximately $45.3 million in 2015 when a joint venture between Mosaic Realty Partners and New York Life Real Estate Investors sold it to the current ownership group.<\/p>\n<p><em>\u201cJLL\u2019s rich national reach and vast relationships were a huge driver in the decision-making process for us, and we are excited to partner with them on this important project,\u201d<\/em> Richard Alter, Manekin Corp.\u2019s president &amp; CEO, said.<\/p>\n<p>The project was built in two phases from 1972 to 1974 and the new owners added 160,000 square feet since the acquisition.<\/p>\n<p>The JLL team also consists of Dave Dannenfelser, Ben Meisels and Tyler Boykin.<\/p>\n<p><em>Image courtesy of Mosaic Realty Partners<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The firm is working on behalf of AEW Capital Management and Manekin Corp. to market the 60-acre logistics property along the Baltimore-Washington corridor.<\/p>\n","protected":false},"author":451,"featured_media":1004174033,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21808,21748,21783,11,21742],"tags":[33758,32796,35154,35155],"class_list":["post-1004174028","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","category-industrial","category-investment","category-midatlantic","category-latest","tag-aew-capital-management","tag-jll","tag-manekin","tag-richard-alter"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - 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