HANOVER, MD-Cushman & Wakefield has completed the $90.5million sale to Amazon of a six-building Baltimore industrialproperty portfolio, Techwood Business Center.

Amazon acquired the648,173-square foot property, located in the Baltimore CommonsBusiness Park here, from RREEF Management for $139 per square footin a deal that Cushman negotiated on behalf of the seller,according to the firm's first-quarter Baltimore industrial marketreport.

Amazon has been expanding itsfootprint along the Baltimore-Washington corridor, where TechwoodBusiness Center is located.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Meredith Hobbs

Meredith Hobbs writes about the Atlanta legal community and the business of law. Contact her at [email protected] or 404.419.2837. On Twitter: @MeredithHobbs.