HANOVER, MD-Lincoln Properties has reached the halfway point–55% occupancy–in one of the three bulk warehouses it delivered here in June 2006. The company has recently inked two large-sized leases totaling 240,200 sf in recent weeks for Lincoln Crossroads I, a class A, cross-dock warehouse totaling 456,000 sf.

Once the remaining space is leased, the company will have closed the books on this trio of industrial space. Crossroads III, one of the sister sites, has already fully leased its 215,000 sf. The company recently sold Crossroads II, the third facility which is also approximately 215,000 sf, for $84 per sf, according to Lincoln Properties’ Merrill Turnbull, who represented the company in the lease transactions for Crossroads I, along with colleague Will McCullough.

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