A rendering of the speculative office building at 7951 Oceano Ave. in Jessup, MD. A rendering of the speculativeoffice building at 7951 Oceano Ave. in Jessup, MD.

JESSUP, MD—A partnership of Baltimore-based MRP Industrial andClarion Partners LLC of New York City has acquired an 11-acre sitehere with the intention of building a new speculative175,200-square-foot warehouse/industrial building to take advantageof strong tenant and investment demand in the region.

The MRP-Clarion partnership acquired the site at 7951 OceanoAve. within the Maryland Food Center near the intersection of MDRoute 175 and US Route 1 for an undisclosed price. Mark Levy,executive managing director and market leader of commercialbrokerage firm JLL, represented the seller in the transaction.

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John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.

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