ELKRIDGE, MD—It has been clear for some time thatinstitutional capital is enamored with industrial assets in theBaltimore-Washington Corridor; now it is becomingclear by just how much. In short, all assets are in play –and that includes opportunistic properties with a 32% occupancyrate.


That describes a recent purchase by TAAssociates – a 205,800-square foot warehouse withinthe Route 100 Industrial Park that is 68% vacant.The sale of the property, located at 6930 San TomasRd., was brokered by Jonathan M. Carpenter, NicoleR. Keelty and Graham Savage of CassidyTurley's Capital Markets team. They represented theseller, Morgan Stanley.


The building traded for $12.5 million.


“The sale continues the trend of value-add industrialacquisitions in the Baltimore-Washington Corridor," Carpenter saysin a prepared statement. "With the continued economic recovery andcorresponding increase in occupancy and rental rates, thispartially leased warehouse will provide value-add returns for thebuyer, TA Associates."

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