Brookfield, Hillwood Continue Industrial Spree with Baltimore Buy

BALTIMORE- Dallas-Fort Worth-based Hillwood Investment Properties and Brookfield Asset Management have partnered to acquire two industrial facilities totaling 1.8 million square feet here. It is the latest acquisition the JV partners have made, following a slew of purchases around the country earlier this summer.

The two properties are located at 451 Fletchwood Rd., in the Elkton submarket, and 238 Belvidere Rd., in the Perryville submarket. They are 756,690 square feet and 1-million-plus square feet, respectively. The are Class A properties with high-credit tenants, according to Tom Fishman, Hillwood’s EVP of Acquisition. In addition, the Belvidere Road facility in Perryville has active rail access that is served by CSX Railway.