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REAL ESTATE INSIDER

Hunt Valley industrial property sells for $8.3M

A 115,000-square-foot industrial property in Hunt Valley has sold for $8.33 million.

FRP Development Corp. purchased the property from Webb Mason Commercial LLC. Both were represented by Peter Dudley, principal at NAI KLNB, in the deal.

The property, at 10820 Gilroy Road, is 100 percent leased by Webb Mason and a division of McCormick & Co.

“FRP Development remains in an active acquisition stance as we strive to increase our platform in markets that make economic and real estate sense,” David H. deVilliers Jr., president of FRP, said in a news release. “We are impressed with the Hunt Valley market, which we believe to be extremely stable and growing, especially with McCormick’s decision to re-locate its headquarters to this location.”

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