An Industrial Story: Strong Sales, Weak Supply

HANOVER, MD-Industrial is on a quiet but steady hot streak in the Baltimore Washington Corridor. The latest sign? TIAA-CREF has selected Cassidy Turley as exclusive leasing agent and property manager for the Candlewood Commerce Center. The Center, located at 7462-7468 Candlewood Rd., consists of three Class A industrial buildings totaling 357,706 square feet that is largely vacant. Jarred Testa and Tilghman Herring, of Cassidy Turley’s Baltimore Core Industrial Leasing Team, will act as leasing agents.

TIAA-CREF’s ownership is telling—institutional money has been entering the industrial market at a steady pace for the last 24 months. More telling is the largely vacant state of the property—there is demand even for those assets. Underlying all this activity is a fairly empty supply pipeline, which shows little sign of speeding up, Jones Lang LaSalle’s Mark Levy tells GlobeSt.com.