{"id":1004177399,"date":"2017-05-18T09:20:11","date_gmt":"2017-05-18T17:20:11","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004177399"},"modified":"2022-12-08T02:36:24","modified_gmt":"2022-12-08T10:36:24","slug":"industrial-property-trust-acquires-13m-dc-area-asset","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/industrial-property-trust-acquires-13m-dc-area-asset\/","title":{"rendered":"Industrial Property Trust Acquires $13M DC-Area Asset"},"content":{"rendered":"<p>By Evelina Croitoru<\/p>\n<p>An affiliate of Industrial Property Trust Inc. acquired\u00a0a 98,653-square-foot warehouse property in Lanham, Md. for $13.1 million from Perseus Realty. The property most recently served as the headquarters of Kane Co.\u2019s Office Movers Inc., a <a href=\"https:\/\/www.commercialsearch.com\/news\/baltimore-area-industrial-asset-changes-hands\/\">commercial moving company<\/a> that filed for bankruptcy nearly five months ago. Transwestern\u00a0brokered the disposition on behalf of Perseus.\u00a0<\/p>\n<p>Located at 10100 Willowdale Road, the asset is seven miles east of Washington, D.C., at the nexus of Interstates 495 and 90 and Route 50. The property contains state-of-the-art features including an above-average loading dock ratio of one dock per 2,600 square feet of storage area, 38-foot clear ceiling heights, ESFR sprinklers and a 3,800-square-foot climate-controlled storage area designed to hold specialized valuables. The property can accommodate both single-tenant and multi-tenant configurations.<\/p>\n<p>\u201c<em>When The Kane Co. closed, it created a rare opportunity to buy a state-of-the-art warehouse close to Washington, D.C. The buyer interest and pricing show the strength of the market. Industrial Property Trust Inc. got a best-in-class building<\/em>,\u201d said Senior Managing Director Mark Glagola, in a prepared statement.<\/p>\n<p>Glagola, along with Executive Managing Director Gerry Trainor and\u00a0Senior Associate Jason Sullivan from Transwestern\u2019s Mid-Atlantic Capital Markets Group led the transaction team.<\/p>\n<p><em>Images courtesy of\u00a0Transwestern <\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The 98,653-square-foot warehouse contains state-of-the-art features including a 3,800-square-foot climate-controlled storage area designed to hold specialized valuables, such as fine art or antiques.<\/p>\n","protected":false},"author":1055,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21748,11,21742,1615],"tags":[33066,33693,33313],"class_list":["post-1004177399","post","type-post","status-publish","format-standard","hentry","category-deals","category-industrial","category-midatlantic","category-latest","category-washington-dc","tag-industrial-property-trust","tag-perseus-realty","tag-transwestern"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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