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Perryman Logistics Center nears delivery
The massive Perryman Logistics Center in Aberdeen is on track to be delivered in December. In October 2014, Chesapeake Real Estate Group announced that it and financial partner USAA Real Estate Co. had purchased nearly 50 acres of land, and would be building the 571,000 square-foot speculative warehouse and distribution space. Now the building itself […]
Report: Baltimore industrial market remains strong
The Baltimore area’s industrial property market continues to perform well overall, despite a glut of supply being delivered. According to JLL’s report analyzing the market’s performance, despite a lot of product being delivered in the past year absorption rates and rents are generally on the rise. But some submarkets are outperforming others, primarily because of […]
Sun Products facilities demolition begins
A former Baltimore industrial site is being demolished to make room for warehouse distribution space increasingly in demand near Baltimore’s port. Chesapeake Real Estate Group LLC started demolishing a portion of the former Sun Products facility on Thursday. The company made detergents at the site, but announced it was closing in early 2014 and laid […]
Yellow Brick Road industrial property sells
Cushman & Wakefield announced Monday the sale of a 60,000-square-foot industrial property in Rosedale for an undisclosed price. Cushman represented the seller, TA Realty. in the transaction. The buyer of the property has not been named, and the sale price is undisclosed. The fully leased building is at 8900 Yellow Brick Road on 5.46 acres […]
Manufacturing firms find value in Carroll County
One of the smallest submarkets for industrial, warehouse and manufacturing properties in the Baltimore metro area is on a hot streak. Defense contractor Advanced Thermal Batteries, a subsidiary of ASB Group, announced last week it had purchased a 40,000-square-foot office and manufacturing facility in Westminster for $3.8 million. Last month MacKenzie Development Co. LLC broke […]
Sustainability helps lure industrial projects to city
The availability of LEED credits that come from building an industrial property in an urban area expected to become an added incentive in luring more industrial building back into cities. According to a case study released by Cushman & Wakefield Global Business Consulting group on Monday, the pursuit of sustainable development will help lure these companies back because urban sites provide the[...]
Report on commercial real estate upbeat for 2015
There’s reason to be optimistic about the office and industrial markets in central Maryland heading into the new year, according to a year-end report from real estate service provider NAI KLNB.
Industrial market booming on I-95 in Harford
Chesapeake Real Estate Group LLC and financial partner USAA Real Estate Co. announced the purchase of nearly 50 acres of land and broke ground on a 571,000-square-foot warehouse distribution facility in Harford County without a tenant lined up.
Economist: Manufacturing could bolster region’s industrial market
Although the Baltimore area industrial market remains strong a healthier manufacturing environment could provide a boost.
A. Duie Pyle says Elkridge terminal will help it expand
Trucking and warehouse company A. Duie Pyle believes its 33,000-square-foot terminal facility in Elkridge better positions the company for expansion into the Virginia market.
Commercial markets produce mixed results in second quarter
A report from Cassidy Turley shows reasons for optimism and skepticism about the industrial and office markets in Baltimore.
Industrial jobs down in Maryland/D.C. region
The Maryland/Washington, D.C. area lost 4,419 industrial jobs between May 2011 and May 2012, a drop of 2.3 percent, according to the 2013 Maryland/DC Manufacturers Directory published by Manufacturers’ News Inc., of Evanston, Ill.
