{"id":1004240516,"date":"2018-07-06T07:56:08","date_gmt":"2018-07-06T15:56:08","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004240516"},"modified":"2022-12-08T10:35:14","modified_gmt":"2022-12-08T18:35:14","slug":"goldstar-group-acquires-baltimore-industrial-facility","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/goldstar-group-acquires-baltimore-industrial-facility\/","title":{"rendered":"Goldstar Group Acquires Baltimore Industrial Facility"},"content":{"rendered":"<p>By IvyLee Rosario<\/p>\n<div id=\"attachment_1004240519\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/07\/1821-Portal-St..png\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" aria-describedby=\"caption-attachment-1004240519\" data-attachment-id=\"1004240519\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/goldstar-group-acquires-baltimore-industrial-facility\/1821-portal-st\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/07\/1821-Portal-St..png\" data-orig-size=\"800,620\" 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=\"1821 Portal St.\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;1821 Portal St.&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/07\/1821-Portal-St..png?w=800\" loading=\"lazy\" class=\"wp-image-1004240519 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/07\/1821-Portal-St..png\" alt=\"\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/07\/1821-Portal-St..png 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/07\/1821-Portal-St..png?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/07\/1821-Portal-St..png?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004240519\" class=\"wp-caption-text\">1821 Portal St.<\/p><\/div>\n<p>The Goldstar Group has acquired an industrial warehouse property in Baltimore for $7.6 million.&nbsp;<\/p>\n<p>Located at 1821 Portal St., the 86,234-square-foot asset is 100 percent leased to two tenants\u2014<a href=\"https:\/\/www.commercialsearch.com\/news\/baltimores-downtown-revival-rolls-on\/\">Johns Hopkins Bayview Medical Center<\/a>, which serves as a medical health treatment center for adults, and Bacchus Imports, a company that imports fine wines and spirits that are distributed throughout Maryland, Delaware and Washington, D.C.&nbsp;<\/p>\n<p><em>&#8220;This building is 100 percent leased to high-credit and well-known organizations that have expressed extended leasing commitments. Our investor group will realize cash yields from day&nbsp;one of ownership and only minor capital&nbsp;improvements and&nbsp;upgrades are needed at this time,&#8221; <\/em>Michael Brodsky, CEO of The Goldstar Group, told <em>Commercial Property Executive. <\/em><\/p>\n<p>The building is located adjacent to the Dundalk and SeaGirt Marine Terminals, and the Intermodal Container Transfer Facility at the Port of Baltimore, all within 2 miles of the Broening Highway interchange off Interstate 95 and Holabird Avenue interchange off interstate 895.&nbsp;<\/p>\n<p><em>&#8220;1821 Portal Street is an investment-grade asset that represents the perfect complement to our portfolio of&nbsp;high-quality commercial office and warehouse\/industrial&nbsp;buildings throughout&nbsp;the Greater Baltimore-Washington, D.C. metropolitan region,&#8221;<\/em> added Brodsky.&nbsp;<em>&#8220;We continue to target&nbsp;warehouse\/industrial buildings&nbsp;because we believe in the long-term fundamentals of this specific product category, as supported by the continued demand by national retailers, as well as logistics and transportation companies.&#8221;<\/em><\/p>\n<p>CBRE&#8217;s Senior Vice President Jonathan Beard and First Vice President Justin Mohler represented the seller in the transaction.&nbsp;<\/p>\n<p><em>Image courtesy of The Goldstar Group<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The property at 1821 Portal St. comprises 86,234 square feet and is 100 percent leased to Johns Hopkins Bayview Medical Center and Bacchus Imports. <\/p>\n","protected":false},"author":746,"featured_media":1004240519,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1579,21743,21748,21783,13,21742],"tags":[32789,41006,41003,40982],"class_list":["post-1004240516","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-baltimore","category-deals","category-industrial","category-investment","category-midwest","category-latest","tag-cbre","tag-jonathan-beard","tag-justin-mohler","tag-the-goldstar-group"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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