HANOVER, MD-Two recent industrial trades in this part ofMaryland highlight the growing recovery of the industrial sector.One was the sale of Cabot Business Center, a new class Atwo-building industrial/flex complex totaling 98,855 square feetlocated at 7449 and 7455 Race Rd. ING Clarion Partners purchased itfor $12.28-million from Boston-based Cabot PropertiesInc.
Another was the Industrial Income Trust of Denver agreement withNew Boston Fund to acquire a Hagerstown, MD-based warehouse that isleased to Home Depot for $41.2 million, according to a filing withthe Securities and Exchange Commission.
Investor appetite for such assets is now very strong, CBRE’s BoCashman, tells GlobeSt.com. Cashman and Jonathan Beard representedCabot Properties in the first transaction.
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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.
