{"id":1004260874,"date":"2018-08-29T04:51:35","date_gmt":"2018-08-29T12:51:35","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004260874"},"modified":"2022-12-08T14:35:10","modified_gmt":"2022-12-08T22:35:10","slug":"best-buy-signs-500-ksf-lease-in-baltimore-area","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/best-buy-signs-500-ksf-lease-in-baltimore-area\/","title":{"rendered":"Best Buy Signs 500 KSF Lease in Baltimore Area"},"content":{"rendered":"

By Beata Lorincz<\/p>\n

\"Brandon<\/a>

Brandon Woods III<\/p><\/div>\n

Chesapeake Real Estate Group (CREG) and EverWest Real Estate Investors (EW) have signed a 500,400-square-foot lease with Best Buy at Brandon Woods III in Anne Arundel County. CREG has purchased the 259-acre site<\/a> from Exelon Corp. last summer, with plans to develop 1 million square feet of industrial space in a partnership with EW.<\/p>\n

Located at 7550 Perryman St., near Fort Smallwood Road, Brandon Woods III is part of the Brandon Wood Business Park, originally developed by Constellation Real Estate. On-site tenants include Reliable Churchill, Fila USA and Under Armour. The facility\u2014one of the biggest speculative industrial spaces in the county\u2014features 36-foot-clear ceiling heights and is 90 percent completed. Best Buy is expected to move in by March 2019 and will use the property as a warehouse and distribution center.<\/p>\n

\u201cAnne Arundel County\u2019s multi-modal transportation assets, particularly access to the Port of Baltimore and BWI-Marshall Airport, will greatly benefit Best Buy,\u201d<\/em> said Anne Arundel County Executive Steve Schuh, in prepared remarks. \u201cThis deal is just the latest to speak how attractive the industrial market is in the greater Baltimore region.\u201d<\/em>  <\/p>\n

Future expansion<\/h2>\n

\u201cWe intend to capitalize on current demand and the strong market fundamentals by moving forward right away with our second building that will be 340,000 square feet,\u201d<\/em> said Matt Laraway, partner at CREG, in a prepared statement. Additionally, CREG has commenced the design phase of a third, 150,000-square-foot building, set to be completed in mid-2019, along with a fourth structure that will have between 80,000 and 100,000 square feet.<\/p>\n

CREG\u2019s Matthew Laraway and Scott Skogmo represented the landlord, while Michael Royce, principal at Avison Young, worked on behalf of the lessee.<\/p>\n

Image courtesy of Chesapeake Real Estate Group <\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Chesapeake Real Estate Group purchased the 259-acre site last year, with plans to build one of the largest speculative industrial spaces in Anne Arundel County.<\/p>\n","protected":false},"author":739,"featured_media":1004260880,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1579,21784,21743,21748,11,21742],"tags":[35041,33553,40101,34444],"class_list":["post-1004260874","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-baltimore","category-brokerage","category-deals","category-industrial","category-midatlantic","category-latest","tag-best-buy","tag-chesapeake-real-estate-group","tag-everwest-real-estate-investors","tag-scott-skogmo"],"acf":[],"yoast_head":"\nBest Buy Signs 500 KSF Lease in Baltimore Area - 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\/best-buy-signs-500-ksf-lease-in-baltimore-area\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Best Buy Signs 500 KSF Lease in Baltimore Area\" \/>\n<meta property=\"og:description\" content=\"Chesapeake Real Estate Group purchased the 259-acre site last year, with plans to build one of the largest speculative industrial spaces in Anne Arundel County.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/best-buy-signs-500-ksf-lease-in-baltimore-area\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2018-08-29T12:51:35+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-08T22:35:10+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/08\/Brandon-Woods-III-e1535539184568.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2489\" \/>\n\t<meta property=\"og:image:height\" content=\"1864\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Beata Lorincz\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/best-buy-signs-500-ksf-lease-in-baltimore-area\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/best-buy-signs-500-ksf-lease-in-baltimore-area\/\",\"name\":\"Best Buy Signs 500 KSF Lease in Baltimore Area - 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