{"id":1004668073,"date":"2023-06-16T02:55:07","date_gmt":"2023-06-16T10:55:07","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004668073"},"modified":"2023-06-16T05:11:02","modified_gmt":"2023-06-16T13:11:02","slug":"merritt-properties-commences-baltimore-industrial-development","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/merritt-properties-commences-baltimore-industrial-development\/","title":{"rendered":"Merritt Properties Launches Baltimore Industrial Development"},"content":{"rendered":"
\"White<\/a>

White Marsh Interchange Park aerial rendering. Image courtesy of Merritt Properties<\/em><\/p><\/div>\n

Merritt Properties <\/strong>has begun the development of White Marsh Interchange Park, a nine-building, 750,000-square-foot industrial campus in White Marsh, Md. The first phase of the project, consisting of three buildings totaling 235,000 square feet, is anticipated to deliver in the spring of 2024.<\/p>\n

The development is taking shape at 10301 Philadelphia Road, on 56 acres that Merritt acquired in 2021. The site used to be home to a General Motors facility that closed in 2019.<\/p>\n

White Marsh Interchange Park, up close<\/h2>\n

The first development phase will comprise Building A, measuring 167,900 square feet with 32-foot clear heights, together with Building H and Building I, of 34,000 square feet each and 20-foot clear heights. The following six facilities will range from 50,500 to 151,800 square feet. The property will feature rear-loading docks and ample parking with trailer storage.<\/p>\n

At full build-out, the campus will have flex\/light industrial space capabilities ranging from 3,000 square feet to 167,000 square feet. Amenities are set to include outdoor seating areas, lawn games and a walking trail. Merritt Construction Services <\/strong>will manage the development\u2019s construction.<\/p>\n

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READ ALSO<\/strong>: East Coast Ports Challenge West Coast Mainstays<\/a><\/p>\n

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Situated off Interstate 95 and 5 miles from Interstate 695, the property offers easy access to the larger Maryland and Northeastern areas. Port of Baltimore is roughly 13 miles southwest.<\/p>\n

Baltimore\u2019s industrial scene<\/h2>\n

The project is within Merritt\u2019s Baltimore County East portfolio, which is 95 percent leased. Despite concerns of a recession and economic volatility, the industrial real estate market is performing extremely well<\/a>, with no exception in the Baltimore area.<\/p>\n

The Baltimore industrial market had more than 3.3 million square feet in the pipeline as of April, according to a CommercialEdge report. The vacancy rate clocked in at 3.5 percent, 60 basis points lower than the national average of 4.1 percent.<\/p>\n","protected":false},"excerpt":{"rendered":"

Three flex\/light industrial buildings are on track to deliver in the spring of 2024. <\/p>\n","protected":false},"author":3006,"featured_media":1004668074,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1579,21782,21748,21742,10],"tags":[35650],"class_list":["post-1004668073","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-baltimore","category-development","category-industrial","category-latest","category-northeast","tag-merritt-properties"],"acf":[],"yoast_head":"\nMerritt Properties Launches Baltimore Industrial Development - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"As a part of the first phase, three flexible use\/light industrial buildings in Maryland are anticipated to deliver in spring of 2024.\" \/>\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\/merritt-properties-commences-baltimore-industrial-development\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Merritt Properties Launches Baltimore Industrial Development\" \/>\n<meta property=\"og:description\" content=\"As a part of the first phase, three flexible use\/light industrial buildings in Maryland are anticipated to deliver in spring of 2024.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/merritt-properties-commences-baltimore-industrial-development\/\" \/>\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=\"2023-06-16T10:55:07+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-06-16T13:11:02+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/06\/WM-White-Marsh-Interchange-Park-rendering-aerial-3.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Jordana Rothberg\" \/>\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\/merritt-properties-commences-baltimore-industrial-development\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/merritt-properties-commences-baltimore-industrial-development\/\",\"name\":\"Merritt Properties Launches Baltimore Industrial Development - 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