Commercial real estate company CBRE was selected to lease Washington East Logistics Center a Class A new construction warehouse totaling 102,377 square feet in Upper Marlboro, the company announced Tuesday.
On behalf of Lot 14 Collington Center, LLC, TSC Realty Services is developing the speculative industrial project at 801 Prince George’s Blvd., which will deliver in the first quarter of 2022.
CBRE’s Michael Elardo, Ed Harris, Jared Ross and Kevin O’Neil will be marketing the property for lease on behalf of the development team.
Located in Collington Trade Center, the Washington East Logistics Center is a Class A speculative warehouse facility. The property has 32-foot clear height, 16 loading docks with space for 24 and an ESFR sprinkler system. It features one acre of outside storage space including 104 parking spaces. This industrial space is conveniently located close to Route 50 and I-95.
According to CBRE Research, 431,000 square feet of new product was added to the suburban Maryland industrial market in 2020, marking a tapering development pipeline for the third year in a row. However, six projects totaling 916,971 square feet are presently under construction, of which 43 percent is pre-leased in the submarket.