The market rate for a comparable flex/office building would beapproximately $14 per square foot, Transwestern SVP Tom Gentner,tells Genter, along with SVP Brian Watts, representedH&B Investments, in the transaction.


Also known as the Bristol Business Center, 7483 Candlewood a 67,550-square-foot flex building in the Baltimore CommonsBusiness Park. Other tenants in the building include Tektron MicroElectronics, Eden & Tye and Press Express.


Demand for space in Hanover has been steady, Gentner says,particularly this part of the submarket. Bristol Business Center isliterally located a stone's throw from BWI Airport, he says. Theflex vacancy rate for Hanover, according to Transwestern figures,is 4.8%, he says. Office is not performing as well, with a 13.8%vacancy rate, including subleases.

Want to continue reading?
Become a Free ALM Digital Reader.

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.