{"id":1004177259,"date":"2017-05-17T07:43:29","date_gmt":"2017-05-17T15:43:29","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004177259"},"modified":"2022-12-09T01:15:49","modified_gmt":"2022-12-09T09:15:49","slug":"baltimore-area-industrial-asset-changes-hands","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/baltimore-area-industrial-asset-changes-hands\/","title":{"rendered":"Baltimore-Area Industrial Asset Changes Hands"},"content":{"rendered":"<p><em>By Bogdan Odagescu<\/em><\/p>\n<div id=\"attachment_1004177262\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/6500-Kane-Way-in-Elkridge-Md..jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004177262\" data-attachment-id=\"1004177262\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/baltimore-area-industrial-asset-changes-hands\/6500-kane-way-in-elkridge-md\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/6500-Kane-Way-in-Elkridge-Md..jpg\" data-orig-size=\"2071,1336\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;5.6&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;Canon EOS 5D Mark II&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1413569426&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;85&quot;,&quot;iso&quot;:&quot;200&quot;,&quot;shutter_speed&quot;:&quot;0.002&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"6500 Kane Way in Elkridge, Md.\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;6500 Kane Way in Elkridge, Md.&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/6500-Kane-Way-in-Elkridge-Md..jpg?w=1024\" class=\"wp-image-1004177262 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/6500-Kane-Way-in-Elkridge-Md..jpg\" alt=\"6500 Kane Way in Elkridge, Md.\" width=\"300\" height=\"194\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/6500-Kane-Way-in-Elkridge-Md..jpg 2071w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/6500-Kane-Way-in-Elkridge-Md..jpg?resize=300,194 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/6500-Kane-Way-in-Elkridge-Md..jpg?resize=768,495 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/6500-Kane-Way-in-Elkridge-Md..jpg?resize=1024,661 1024w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/6500-Kane-Way-in-Elkridge-Md..jpg?resize=1536,991 1536w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/6500-Kane-Way-in-Elkridge-Md..jpg?resize=2048,1321 2048w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/6500-Kane-Way-in-Elkridge-Md..jpg?resize=150,97 150w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/6500-Kane-Way-in-Elkridge-Md..jpg?resize=696,449 696w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/6500-Kane-Way-in-Elkridge-Md..jpg?resize=1068,689 1068w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/6500-Kane-Way-in-Elkridge-Md..jpg?resize=1920,1239 1920w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/6500-Kane-Way-in-Elkridge-Md..jpg?resize=651,420 651w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004177262\" class=\"wp-caption-text\">6500 Kane Way in Elkridge, Md.<\/p><\/div>\n<p>Matan Cos. sold an 81,795-square-foot industrial building in Elkridge, Md. The property most recently served as the headquarters of Kane Co., a commercial moving company that filed for bankruptcy and vacated the building in 2016.<\/p>\n<p>The asset last traded in 2004, the year of its construction, when Matan Cos. purchased it for\u00a0roughly $6.7 million, Howard County records show. The property\u2019s most recent assessment values the building and land at a little over $7.5 million.<\/p>\n<p>Located at 6500 Kane Way, the property features\u00a0a 62,115-square-foot warehouse and 19,680 square feet of office space. Situated less than 15 miles southwest of downtown Baltimore, the asset offers immediate access to both Interstate 95 and the city\u2019s outer beltway. Additionally, Kane Co.\u2019s former base is within a 15-minute drive of both the Baltimore\/Washington International Airport and the Maryland Live! Casino.<\/p>\n<p><em>\u201cThe Kane building was a unique asset with its highly desirable location and prime visibility along the I-95 corridor,\u201d<\/em> said Dan Milligan, finance manager for <a href=\"https:\/\/www.commercialsearch.com\/news\/tag\/matan-companies\/\">Matan Cos.<\/a>, in prepared remarks. <em>\u201cAfter owning the property for almost 15 years, the strong industrial market makes this the perfect time to sell.\u201d<\/em><\/p>\n<p><em>Image courtesy of Matan Cos.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The property in Elkridge last traded in 2004, when Matan Cos. acquired it for $6.7 million. The building served as the headquarters of Kane Co., which filed for bankruptcy and vacated it in 2016.<\/p>\n","protected":false},"author":740,"featured_media":1004177262,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1579,21743,21748,11,21742],"tags":[34082],"class_list":["post-1004177259","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-baltimore","category-deals","category-industrial","category-midatlantic","category-latest","tag-matan-companies"],"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>Baltimore-Area Industrial Asset Changes Hands - 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\/baltimore-area-industrial-asset-changes-hands\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Baltimore-Area Industrial Asset Changes Hands\" \/>\n<meta property=\"og:description\" content=\"The property in Elkridge last traded in 2004, when Matan Cos. acquired it for $6.7 million. 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