{"id":1004269073,"date":"2018-10-03T07:53:25","date_gmt":"2018-10-03T15:53:25","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004269073"},"modified":"2022-12-09T02:05:52","modified_gmt":"2022-12-09T10:05:52","slug":"rialto-acquires-md-industrial-portfolio","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/rialto-acquires-md-industrial-portfolio\/","title":{"rendered":"Rialto Acquires MD Industrial Portfolio"},"content":{"rendered":"<p>By IvyLee Rosario<\/p>\n<div id=\"attachment_1004269076\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/10\/Parkway-Industrial.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004269076\" data-attachment-id=\"1004269076\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/rialto-acquires-md-industrial-portfolio\/parkway-industrial-2\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/10\/Parkway-Industrial.jpg\" 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;1&quot;}\" data-image-title=\"Parkway Industrial\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Parkway Industrial&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/10\/Parkway-Industrial.jpg?w=800\" class=\"wp-image-1004269076 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/10\/Parkway-Industrial.jpg\" alt=\"\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/10\/Parkway-Industrial.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/10\/Parkway-Industrial.jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/10\/Parkway-Industrial.jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004269076\" class=\"wp-caption-text\">Parkway Industrial<\/p><\/div>\n<p>Rialto Capital Management has acquired Parkway Industrial, a nine-building industrial portfolio in Hanover, Md. Senior Managing Director Mark Glagola and Executive Vice President&nbsp;Gerry Trainor of Transwestern&#8217;s Mid-Atlantic Capital Markets Group, represented the seller, a global investment manager, in the transaction.&nbsp;<\/p>\n<p>Totaling 711,220 square feet, the portfolio includes properties located at 7222 Parkway Drive; 7100, 7115, 7121, 7150, 7170 and 7200 Standard Drive; and 7267 and 7270 Park Circle Drive. The buildings are within close proximity to interstates 95 and 97, as well as the Baltimore Washington Parkway.&nbsp;<\/p>\n<p><em>\u201cThe Baltimore-Washington Corridor is severely supply-constrained for infill industrial product, with well-located, older product being redeveloped for other uses as the economy continues to recover,\u201d<\/em> said Glagola, in a prepared statement. <em>\u201cParkway Industrial offered a rare opportunity to acquire a well-located, institutional-quality portfolio. The park is 95 percent occupied by a strong mix of tenants, including Lockheed Martin, AT&amp;T and Sprint, that benefit from the park\u2019s proximity to Fort Meade and an embedded telecom operations infrastructure that is very difficult to relocate.\u201d<\/em><\/p>\n<p>In September, Transwestern <a href=\"https:\/\/www.commercialsearch.com\/news\/tampa-flex-office-portfolio-trades-for-15m\/\">represented&nbsp;LNR Partners in the $14.7 million disposition<\/a> of a two-building, 134,000-square-foot flex\/office portfolio near Tampa, Fla., to a private investor. The buyer landed a 10-year, $10.3 million loan from Starwood Mortgage Capital to finance the acquisition.&nbsp;<\/p>\n<p><em>Image courtesy of Transwestern&nbsp;<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Parkway Industrial comprises nine building totaling 711,220 square feet. Transwestern&#8217;s Mid-Atlantic Capital Markets Group represented the seller, a global investment manager. <\/p>\n","protected":false},"author":746,"featured_media":1004269076,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1579,21743,21748,21783,11,21742],"tags":[36395,33028,33313],"class_list":["post-1004269073","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-baltimore","category-deals","category-industrial","category-investment","category-midatlantic","category-latest","tag-mark-glagola","tag-rialto-capital-management","tag-transwestern"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Rialto Acquires MD Industrial Portfolio - 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\/rialto-acquires-md-industrial-portfolio\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Rialto Acquires MD Industrial Portfolio\" \/>\n<meta property=\"og:description\" content=\"Parkway Industrial comprises nine building totaling 711,220 square feet. 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