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CBRE Global Investors acquires 890K SF logistics asset in Md.
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A fund sponsored by CBRE Global Investors has acquired an 889,608-square-foot bulk logistics property in Aberdeen.
The asset at 601 Chelsea Road is 100% leased to Rite Aid of Maryland Inc. and sits on 126 acres and features 36-foot to 38-foot clear height, 55-foot-by-52-foot column spacing, a power capacity of 12,000 amps 277/480-volt, 80,000 square feet of temperature-controlled space, ESFR sprinklers, 128 dock doors, two drive-in doors, 248 trailer parking spaces, and 893 parking spaces.
601 Chelsea Road is in Maryland’s Harford/Cecil County submarket, which is the largest in the MSA. This location provides users access to a population of 15 million within a 90-minute drive with the ability to reach one third of the U.S. population within a one-day drive. In addition to both a deep labor pool and consumers population, the location provides users access to the Port of Baltimore, CSX and Norfolk Southern freight services and the BWI Airport.
