BALTIMORE – Terreno Realty Corp. has sold its339,000-square-foot, three-building, core logistics portfolio toLongpoint Realty for $51.3 million.


Each situated within the Baltimore-Washington corridor, theclass A buildings consist of 7190 Parkway Dr. in Hanover, MD; 9070Junction Dr. in Annapolis Junction, MD; and 7125 Troy Hill Dr. inElkridge MD.


The three properties are currently fully-leased to 11 differentcredit tenants.


The assets each offer immediate access to I-95, I-295, I-195,I-97, Route 100 and Route 1, in between the Washington DC andBaltimore beltways. Each building additionally featuresabove-market parking ratios.


Cushman & Wakefield's Jonathan Carpenter and Graham Savagerepresented the seller and completed the sale. Carpenter and Savagehave separately closed nearly $400 million in industrial volumewithin the past year.

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Ingrid Tunberg

Ingrid Tunberg sits on the editorial team as a coordinator and reporter for Real Estate Forum and She is responsible for writing stories, assisting with industry awards and marketing nomination events. Previously, Ingrid worked as a copywriter across various industries throughout New York City and Chicago.