Industrial

The 240,66-square-foot cross-dock facility has been owned and occupied by Hellman Worldwide Logistics since its opening in 1996 and serves as the Osnabrueck, Germany-based company's North American headquarters.

CBRE says that this is the largest industrial lease transaction in the Baltimore Metro area for the first half of 2018.

The latest deals, transactions and trends in the Midwest region.

US economic cycles tend to run for seven to eight years, yet the current expansionary cycle, which started in 2009, already is among the longest on record for the American economy.

Even if the economy stalls, and the unemployment rate rises again, there will be no slowdown for e-commerce.

San-Francisco-based Terreno Realty acquired the property in December 2010 for approximately $9 million.

Industrial land prices are reaching historical highs, and are now competitive with multifamily in some submarkets.

16 Law Drive provided the ideal opportunity to meet JEEN International's current space needs while offering substantial opportunities to renovate the property to suit long-term requirements.