BALTIMORE-Frederick Winner Ltd., a beer and liquor distributor, has signed a 10-year, 302,000-sf lease at the Eastport Industrial Center, located at 7001 Quad Ave. here. The company's lease leaves only 129,000 sf vacant in the building.

Benjamin Meisels of CB Richard Ellis' Baltimore office represented the tenant. CBRE's Justin Mohler and Bill Pellington represented the landlord, Rreef. The building is a 621,000-sf, tilt up, cross-docked distribution/warehouse facility.

This new lease is part of Frederick Winner's consolidation/expansion strategy in the Baltimore market, Meisels tells GlobeSt.com. The company owns two facilities here and leases a third.

The firm has recently put under contract the two facilities it owns, one of which is set to be a sale-leaseback transaction, he says. By moving operations into the Eastport Industrial Center it will consolidate the leased building and one of the owned facilities, he says. Frederick Winner will be moving into 7001 Quad Ave. in June.

Frederick Winner has been adding new brands to its product lines, which was one reason why it needed to expand, Meisels says. Eastport Industrial can accommodate the projected growth. It is also next to the company's existing warehouse and service routes.

Meisels says this lease will take a significant amount of available space off the market. "There has been a slow and steady absorption in a good market. New supply is entering but it has been getting significant interest of late." With this sizable lease in the Eastport Industrial Center there are limited options for companies looking to occupy 250,000 sf or more, he says.

Asking rates for comparable space are a high $4 per sf triple net, Meisels says.