Micropore will use the building for its manufacturing, research and development operations. Cecil County's industrial activity has remained solid, Laraway tells GlobeSt.com, in part because the labor market has remained steady. Still, though, not many industrial trades have occurred in the last 12 months. "We were fortunate to find a user in this marketplace," he says.
Comparables for the trade were at least that old and stretched back to 2007, Laraway also says. According to the broker, 1000 Konica traded at 2007 comps. The warehouse is located in the Upper Chesapeake Corporate Center.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
