SAVAGE, MD- Maines Paper & Food Service, Inc. has renewed its nearly 100,000-square-foot lease at 8730 Bollman Place here. The deal, reported by Cushman & Wakefield, means that the food service distribution firm will continue to occupy the entire building.

Maines Paper signed a 10-year lease renewal for 99,000 square feet of industrial space at the property. The Baltimore-based Cushman & Wakefield team of Michael Elardo, Jared Ross and Michael Kimmel represented owner Terreno 8730 Bollman LLC, an affiliate of the California-based Terreno Realty Corp., in the renewal transaction. Cushman & Wakefield had previously arranged the acquisition of the facility by Terreno from Franklin Street Properties in 2011 for $7.5 million. Maines Paper was represented in the lease renewal by Dan Hudak of MacKenzie & Associates of Baltimore.

“The tenant, which has been on-site for a number of years, determined that their best option for serving their clients in the Baltimore-Washington marketplace was to remain at 8730 Bollman Place,” says Elardo. “This building substantially consists of freezer and refrigerated space, and there are few options like that in this market. The tenant clearly recognized that in their decision-making process.”