{"id":1004685502,"date":"2023-10-12T02:36:51","date_gmt":"2023-10-12T10:36:51","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004685502"},"modified":"2023-10-20T08:08:03","modified_gmt":"2023-10-20T16:08:03","slug":"binswanger-secures-2-1-msf-lease-for-conair","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/binswanger-secures-2-1-msf-lease-for-conair\/","title":{"rendered":"Binswanger Secures 2.1 MSF Lease for Conair"},"content":{"rendered":"
\"A<\/a>

A build-to-suit distribution center for Conair within the Mid-Atlantic Crossings development in Hagerstown, Md. Image courtesy of Binswanger<\/em><\/p><\/div>\n

Consumer-products company Conair<\/strong> has signed a 10-year lease for an approximately 2.1 million-square-foot distribution center now under construction in Washington County, Md.<\/p>\n

Binswanger<\/strong> assisted Conair in the planning, site selection, demographics and labor analytics, brokerage, and lease negotiations for the facility. The project is at 10440 Downsville Pike and 17250 Sterling Road, immediately outside Hagerstown. It\u2019s just south of I-70 and roughly a mile and a half east of its interchange with I-81.<\/p>\n

The facility is in Trammell Crow<\/strong>\u2019s Mid-Atlantic Crossings development. While the project was originally planned as two separate 1 million-square-foot warehouses, Binswanger worked with the parties to redesign the development so that it can be operated as a single contiguous building.<\/p>\n

The new warehouse reportedly will be the largest in Maryland. It\u2019s well underway, though a timeline for delivery has not been disclosed.<\/p>\n

\n

READ ALSO<\/strong>: Top Midwestern Markets for Industrial Deliveries<\/a><\/p>\n

\n

Conair is a major manufacturer of health and beauty products and kitchen appliances and in particular is one of the largest producers of hair care appliances. Its brands include Cuisinart, Conair, BaByliss, Sc\u00fcnci and Waring.<\/p>\n

\"A<\/a>

A build-to-suit distribution center for Conair within the Mid-Atlantic Crossings development in Hagerstown, Md. Image courtesy of Binswanger<\/em><\/p><\/div>\n

In a prepared statement, Binswanger President & CEO David Binswanger said that like many other large companies in the wake of the pandemic, Conair wanted to consolidate its assets and find a strategic location as close to its customers as possible.<\/p>\n

Binswanger Senior Vice President & Partner Chris Pennington brokered the deal with assistance from fellow Senior Vice Presidents Tim Pennington and Mike Torsiello. John Dues Sr., vice chairman of Binswanger Advisory Services Inc., conducted demographic, labor and incentive analyses for the Hagerstown site.<\/p>\n

Binswanger has a long-standing relationship with Conair, having been retained by the company in 2019 to assist in the search for and sublease of 500,000 square feet of warehouse space in central Pennsylvania.<\/p>\n

Stable industrial market<\/h2>\n

Industrial space demand<\/a> in the Washington County\/Hagerstown market was basically flat, with only 2,250 square feet of absorption, according to a second-quarter report from Colliers<\/strong>.<\/p>\n

The delivery of Interstate Trade Center, a 1.2 million-square-foot on Oak Ridge Drive, pushed vacancy by more than 4.4 percentage points, to 18.5 percent at the end of the quarter. \u201cOverall direct asking rental rates in the market remained stable, ending the quarter at $6.03 per square foot on a triple net basis,\u201d Colliers reported.<\/p>\n","protected":false},"excerpt":{"rendered":"

The distribution center will be part of a Trammell Crow development underway in Maryland.<\/p>\n","protected":false},"author":882,"featured_media":1004685523,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,21808,21748,11,21742],"tags":[33940,35498,32893],"class_list":["post-1004685502","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-featured","category-industrial","category-midatlantic","category-latest","tag-binswanger","tag-colliers","tag-trammell-crow-company"],"acf":[],"yoast_head":"\nBinswanger Secures 2.1 MSF Lease for Conair - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Conair has signed a 10-year lease for a 2.1 million-square-foot distribution center now under construction in Washington County, Md.\" \/>\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\/binswanger-secures-2-1-msf-lease-for-conair\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Binswanger Secures 2.1 MSF Lease for Conair\" \/>\n<meta property=\"og:description\" content=\"Conair has signed a 10-year lease for a 2.1 million-square-foot distribution center now under construction in Washington County, Md.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/binswanger-secures-2-1-msf-lease-for-conair\/\" \/>\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=\"2023-10-12T10:36:51+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-10-20T16:08:03+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/10\/Distribution-center-for-Conair.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Scott Baltic\" \/>\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\/binswanger-secures-2-1-msf-lease-for-conair\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/binswanger-secures-2-1-msf-lease-for-conair\/\",\"name\":\"Binswanger Secures 2.1 MSF Lease for Conair - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/binswanger-secures-2-1-msf-lease-for-conair\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/binswanger-secures-2-1-msf-lease-for-conair\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/10\/Distribution-center-for-Conair.jpg\",\"datePublished\":\"2023-10-12T10:36:51+00:00\",\"dateModified\":\"2023-10-20T16:08:03+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/61ac1450f3ffaa0e850b834c28526555\"},\"description\":\"Conair has signed a 10-year lease for a 2.1 million-square-foot distribution center now under construction in Washington County, Md.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/binswanger-secures-2-1-msf-lease-for-conair\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/binswanger-secures-2-1-msf-lease-for-conair\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/binswanger-secures-2-1-msf-lease-for-conair\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/10\/Distribution-center-for-Conair.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/10\/Distribution-center-for-Conair.jpg\",\"width\":800,\"height\":600,\"caption\":\"A build-to-suit distribution center for Conair within the Mid-Atlantic Crossings development in Hagerstown, Md. Image courtesy of Binswanger\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/binswanger-secures-2-1-msf-lease-for-conair\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Binswanger Secures 2.1 MSF Lease for Conair\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/61ac1450f3ffaa0e850b834c28526555\",\"name\":\"Scott Baltic\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/06\/Scott.jpg?w=96\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/06\/Scott.jpg?w=96\",\"caption\":\"Scott Baltic\"},\"description\":\"Scott Baltic has been a contributing editor with Commercial Property Executive since 2011 and also wrote for its predecessor, Commercial Property News. He started writing about CRE in 1988 for a group of Chicago-based publications and in 1989 became the editor of Midwest Real Estate News. After moving on from there in 1991, Baltic continued writing occasionally about real estate, for publications like the Chicago Sun-Times, National Real Estate Investor, Urban Land, Shopping Center World and Architect\u2019s Newspaper. He earned a master\u2019s in journalism from Northwestern University\u2019s Medill School of Journalism and has a bachelor\u2019s from North Park University.\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/scott-baltic\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Binswanger Secures 2.1 MSF Lease for Conair - Commercial Property Executive","description":"Conair has signed a 10-year lease for a 2.1 million-square-foot distribution center now under construction in Washington County, Md.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/binswanger-secures-2-1-msf-lease-for-conair\/","og_locale":"en_US","og_type":"article","og_title":"Binswanger Secures 2.1 MSF Lease for Conair","og_description":"Conair has signed a 10-year lease for a 2.1 million-square-foot distribution center now under construction in Washington County, Md.","og_url":"https:\/\/www.commercialsearch.com\/news\/binswanger-secures-2-1-msf-lease-for-conair\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2023-10-12T10:36:51+00:00","article_modified_time":"2023-10-20T16:08:03+00:00","og_image":[{"width":800,"height":600,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/10\/Distribution-center-for-Conair.jpg","type":"image\/jpeg"}],"author":"Scott Baltic","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/binswanger-secures-2-1-msf-lease-for-conair\/","url":"https:\/\/www.commercialsearch.com\/news\/binswanger-secures-2-1-msf-lease-for-conair\/","name":"Binswanger Secures 2.1 MSF Lease for Conair - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/binswanger-secures-2-1-msf-lease-for-conair\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/binswanger-secures-2-1-msf-lease-for-conair\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/10\/Distribution-center-for-Conair.jpg","datePublished":"2023-10-12T10:36:51+00:00","dateModified":"2023-10-20T16:08:03+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/61ac1450f3ffaa0e850b834c28526555"},"description":"Conair has signed a 10-year lease for a 2.1 million-square-foot distribution center now under construction in Washington County, Md.","breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/binswanger-secures-2-1-msf-lease-for-conair\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/binswanger-secures-2-1-msf-lease-for-conair\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/binswanger-secures-2-1-msf-lease-for-conair\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/10\/Distribution-center-for-Conair.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/10\/Distribution-center-for-Conair.jpg","width":800,"height":600,"caption":"A build-to-suit distribution center for Conair within the Mid-Atlantic Crossings development in Hagerstown, Md. Image courtesy of Binswanger"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/binswanger-secures-2-1-msf-lease-for-conair\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Binswanger Secures 2.1 MSF Lease for Conair"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/61ac1450f3ffaa0e850b834c28526555","name":"Scott Baltic","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/06\/Scott.jpg?w=96","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/06\/Scott.jpg?w=96","caption":"Scott Baltic"},"description":"Scott Baltic has been a contributing editor with Commercial Property Executive since 2011 and also wrote for its predecessor, Commercial Property News. He started writing about CRE in 1988 for a group of Chicago-based publications and in 1989 became the editor of Midwest Real Estate News. After moving on from there in 1991, Baltic continued writing occasionally about real estate, for publications like the Chicago Sun-Times, National Real Estate Investor, Urban Land, Shopping Center World and Architect\u2019s Newspaper. He earned a master\u2019s in journalism from Northwestern University\u2019s Medill School of Journalism and has a bachelor\u2019s from North Park University.","url":"https:\/\/www.commercialsearch.com\/news\/author\/scott-baltic\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/10\/Distribution-center-for-Conair.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004685502","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/882"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004685502"}],"version-history":[{"count":9,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004685502\/revisions"}],"predecessor-version":[{"id":1004686661,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004685502\/revisions\/1004686661"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004685523"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004685502"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004685502"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004685502"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}