Tradepoint Atlantic in Sparrows Point has signed a deal bringing Atlantic Forest Products to the massive multimodal logistics and distribution hub.
Atlantic Forest Products will lease two storage buildings that total 160,000 square feet on 16 acres that will be used for staging products, according to a news release from Baltimore County Executive Kevin Kamenetz’s office. The company also plans to move its corporate headquarters to the site and the lease involves 6,500 square feet of office space.
The firm, which is a building materials distributor, joins a growing number of tenants at 3,100-acre site that was home to various steel mills for more than 100 years.
Under Armour is opening a 1.3 million-square-foot distribution and warehouse facility there. Pasha Automotive Servicecs is leasing 21 acres at the site to operate an auto terminal, and has the option to expand up to 150 acres. FedEx Corp. also will occupy a 300,000-square-foot distribution building.
Sparrows Point Terminal LLC, a joint venture of Redwood Capital Investment and Hilco Real Estate Co., purchased the property in September 2014. It’s expected to take about 20 years to fully build out the facility, at a cost of $1 billion.
The transformation from steel mill to distribution center is one of the largest redevelopment projects in the nation. It’s hoped the facility will become an economic engine in an area of Baltimore that has suffered as steelmaking at the site slowed and eventually halted.