X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

BALTIMORE, MD-Local caulk and sealant manufacturer DAP Inc. has renewed the lease on its 168,550-sf warehouse space at the 83-acre Marshfield Business Park for a seven-year term. While the financial terms of DAP’s commitment to the structure at 8410 Kelso Dr. are not being disclosed, space in the park leases for an annual rate of about $4.50-per-sf, so the manufacturer’s deal could be valued at as much as $5.3 million, or so.

“DAP was just coming to the end of its three-year term,” Colliers Pinkard’s David M. Gillece explains to GlobeSt.com. Gillece and colleague Craig S. Lewis represented the tenant while Trammell’s John Childs and Bob Millhauser represented property owner UPS Properties, a real estate subsidiary of United Parcel Services. “They found the location works well. It’s in close proximity to their plant in Eastern Baltimore County, and that was one of the reasons for the decision not only to renew but to extend the lease for a longer period of time.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt. NET LEASE Spring 2021Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information
 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.